987 Main Street, Vassalboro, ME 04989
MULTI_FAMILY - Colonial - Vassalboro, ME
- Added:
- Jun 18, 2026
- Days on Market:
- 5
- Last Refresh:
- Jun 22 at 7:06 am
Property Features for 987 Main Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Rural
- Bathrooms
- 2
- Rooms
- Bathroom 1, Basement, Bathroom 2
- Parking features
- Off Street
- Patio and Porch features
- Deck
- Basement
- Unfinished, Full
- Standard status
- Active
- Size
- 2,100 SF
- Lot size
- 0.40 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2205
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Baseboard, Heat Pump (Heating)
- Cooling system
- Heat Pump
- Water source
- Public
Building Details
- Year built
- 1900
- Number of units
- 2
- Flooring type
- Vinyl, Laminate, Wood
- Building materials
- Wood Frame, Brick
- Roof type
- Metal
- Architectural style
- Colonial
Listing agent Derek Goff Joseph Tomazin (207) 749-9905
Listing office Signature Homes Real Estate Group, LLC 108 Mussey Road, Scarborough, ME (207) 885-0500
Listing date Jun 18, 2026
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Brick duplex with wood‑frame construction and metal roof
- Two 2‑bedroom, 1‑bath units; both currently vacant and ready for immediate occupancy
- Heat pumps provide heating and cooling; electric baseboard and heat pump heating listed
- Heating and cooling systems include re‑shingled roof and energy‑efficient heat pumps
- Public utilities: public water and public sewer; tenant‑paid utilities noted
- Off‑street parking plus large private decks and spacious yard
Overview
Set on a 0.4-acre lot, the duplex includes ample parking, large private decks, and a spacious yard. The outdoor setting is complemented by mature fruit trees and views across a neighboring field.
The configuration is well suited for an owner looking to occupy one unit while renting the other, or for an investor seeking a move-in-ready rental setup with both units available. With major system updates already completed and both units ready to be brought into use, the property offers a practical combination of low near-term capital needs and immediate leasing or occupancy options.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.0k | $16.20 |
| − Vacancy | −$517 | −$0.25 |
| EGI | $33.5k | $15.95 |
| − OpEx | −$10.1k | −$4.79 |
| NOI | $23.5k | $11.17 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Vassalboro
- County
- Kennebec
- State
- Maine
- Longitude
- -69.623086
- Latitude
- 44.487984
