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    Hallowell, ME
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    Hallowell, ME Multifamily Properties for Sale

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    Augusta, ME Farmingdale, ME Chelsea, ME Manchester, ME Gardiner, ME Randolph, ME West Gardiner, ME Pittston, ME
    Two-Family Victorian Duplex
    Updated: Jun 5
    Two-Family Victorian Duplex

    9-11 Summer Street, Hallowell, ME 04347

    $795,000
    3,600 sqft 0.60 AC lot
    Two‑family Victorian home with separate entrances for each unit
    Built in 1900 with Victorian exterior siding including clapboard and wood siding
    Wood and tile flooring, with decorative moldings and original hardwood floors
    Updated kitchens and baths in the units
    Heating includes oil, baseboard, and hot water (heating)
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    This listing looks promising.

    Here's a quick look at some key insights for

    9-11 Summer Street, Hallowell, ME 04347

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    • Est. Cap Rate

      5.1%
      NOI ÷ price

    • Est. NOI

      $40K
      Annual

    • Price @ 7% Cap

      $574K
      Suggested
    View Property Analytics
    Two-Family Victorian Duplex
    Updated: Jan 25
    Two-Family Victorian Duplex

    9-11 Summer Street, Hallowell, ME 04347

    $795,000
    3,600 sqft
    Two‑family Victorian duplex with classic architectural details, ornate trim, and period features
    Separate entrances for the two spacious units, offering privacy and convenience
    Original hardwood floors, decorative moldings, high ceilings, and large windows for abundant natural light
    Updated kitchens and baths in both units
    Expansive porch and a private yard for outdoor entertaining or relaxing
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    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Hallowell, ME, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Office and Short-Term Rental Property
    Office and Short-Term Rental Property

    76 and 80 Sewall Street, Augusta, ME 04330

    $625,000
    4,361 sqft 0.84 AC lot

    Two connected buildings offer office space and short-term rental use, plus a garage with a separate entrance.

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    Three-Unit Multifamily Fixer-Upper
    Three-Unit Multifamily Fixer-Upper

    98 Winter Street, Gardiner, ME 04345

    $199,000
    2,784 sqft 0.30 AC lot

    Three-unit multifamily property with one vacant unit and updates needed to restore it for rental use.

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    Mixed-Use Property with Office Rentals
    Mixed-Use Property with Office Rentals

    76 And 80 Sewall Street, Augusta, ME 04330

    $625,000
    4,361 sqft

    Two separate income-oriented setups include office space and short-term rental units, plus a garage with a separate entrance.

    View details
    Downtown Mixed-Use Building
    Downtown Mixed-Use Building

    252 Water Street, Gardiner, ME 04345

    $1,200,000
    11,520 sqft

    Mixed-use building with a first-floor restaurant, office suites, and Airbnb/apartment unit, plus unfinished third-floor space.

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Augusta Land For Sale
    Augusta Land For Sale

    Map 15 Lot 6C Spring Road, Augusta, ME 04330

    $99,000
    14.63 AC lot

    14.63 acre lot in Augusta's Rural Village Zoning.

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    Augusta Buildable Lot For Sale
    Augusta Buildable Lot For Sale

    214 Mount Vernon Avenue, Augusta, ME 04330

    $49,900
    0.36 AC lot

    0.36 acre lot with public utilities, mobile homes allowed.

    View details
    Commercial Land Parcel with Route Frontage
    Commercial Land Parcel with Route Frontage

    2680 Route 3, Palermo, ME 04354

    $69,000
    6.20 AC lot

    6.2-acre commercial parcel on Route 3 with shared driveway, suited for homes, lots, or business development.

    View details
    Wooded Land in Gorham, Maine
    Wooded Land in Gorham, Maine

    30 Boreal Drive, Gorham, ME 04038

    $425,000
    5.46 AC lot

    5+ acre wooded parcel near Gorham's downtown.

    View details

    Hallowell, ME Multifamily Properties Market Trends and Statistics

    Explore 2 multifamily properties for sale in Hallowell, ME on our real estate platform. These investment opportunities span a total of 7,200 square feet of properties for sale, with an estimated market value of $1,590,000.

    Sale prices for multifamily properties in Hallowell, ME average $795,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 2

    Demographics Overview

    Population 2,570
    Population Growth (5Y) +2.6%
    Median Household Income $58,811
    College Educated 67.7%

    High-Yield Neighborhoods for Investment

    Identify Hallowell submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    04347 $615K

    Taxes & Financing

    Tax Rate (average for all types) 2.31%
    Property Tax per SF $96.27 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Kennebec County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Kennebec County

    Residential Income

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