Building Details

Year Built 1930

Stories 2

Listing Agency: Pack Maynard and Associates

Listed By: Victoria Benenti Show Phone

Source: Greatislandrealty

Added: Sep 27 Changed: Oct 15 Last Checked: Oct 14 at 11:13PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pack Maynard and Associates

Investment Insights

Based on property information with market context.

Built in 1930, this 2,844-square-foot duplex has two distinct residences. The first-floor unit includes two bedrooms, a living room, dining room, four-season sunroom, and eat-in kitchen. Upstairs, a one-bedroom apartment pairs its kitchen with a great room. A new septic system was installed in 2024, and the property includes additional storage rooms.

The property is a short distance from downtown Kennebunkport, with restaurants, shops, beaches, and golf in the surrounding area. Its two-unit layout accommodates different residential arrangements, including owner occupancy, rental use, or extended-family living.

Key Highlights

• Two residences: a two‑bedroom first‑floor unit and a one‑bedroom upstairs apartment
• 2,844 square feet; built in 1930
• Four‑season sunroom, dining room, and eat‑in kitchen in the first‑floor unit

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$48,144

Cap Rate

6.03%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$962,880 $962.9K

Cap Rate 7%

$687,771 $687.8K

Cap Rate 9%

$534,933 $534.9K

Market Conditions

NOI Build-Up for 2,844 SF

Gross rent

$72.4K $25.44/SF

− Vacancy

−$3.6K −$1.26/SF

EGI

$68.8K $24.18/SF

− OpEx

−$20.6K −$7.25/SF

NOI

$48.1K $16.93/SF

Area

York County, ME

Vacancy

4.94%

Lease Rate

$25.44 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$962,880

Cap Rate 7%

$687,771

Cap Rate 9%

$534,933

Alternative Uses

Best Use

Multifamily LT 5

$687.8K

$601.8K – $802.4K (±1% cap)

NOI $48,144 @ 7.0% cap · market cap 6.03%

Second Best

Apartment 5plus

$627.9K

$549.4K – $732.5K (±1% cap)

NOI $43,952 @ 7.0% cap · market cap 5.50%

Theoretical Best

Office A

$901.5K

$788.8K – $1.05M (±1% cap)

NOI $63,107 @ 7.0% cap · market cap 7.90%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Auto Repair Shop Pharmacy Plumbing Service Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

41

Businesses Nearby

Explore this area Business Placement

Demographics for 04046, ME

7,893

Population

4,740

Households

1.7

Avg Household Size

51

Median Age

41%

College-Educated

98%

High-School Grad

44.4 sq mi

ZIP Area

178

Density / Sq Mi

$99,861

Median Household Income

$43,000

Median Earnings

$1,250

Median Rent

$559,900

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Separate kitchens serve a two-bedroom residence and a one-bedroom apartment.

Where is this duplex located?

The property is located at 98 North Street Kennebunkport, ME.

What is the asking price?

The asking price for this property is $799,000.

What are key features of this property?

This property features: Two residences: a two‑bedroom first‑floor unit and a one‑bedroom upstairs apartment; 2,844 square feet; built in 1930; Four‑season sunroom, dining room, and eat‑in kitchen in the first‑floor unit