Turnkey Duplex with Updated Systems and Vacant Units

Discover the perfect combination of investment potential, owner-occupancy flexibility, and rural Maine charm at 987 Main Street in Vassalboro. With both units currently vacant, this updated duplex presents a rare opportunity to establish market rents immediately, occupy one unit while generating income from the other, or accommodate multigenerational living.

Property Highlights

This well-maintained brick duplex offers durability, flexibility, and attractive updates throughout.

Two Spacious Units

• Two 2-bedroom, 1-bathroom apartments
• Both units currently vacant and move-in ready
• Ideal for investors, owner-occupants, or multigenerational households

Recent Improvements

• Re-shingled roof
• Updated heating systems including energy-efficient heat pumps providing both heating and air conditioning
• Tenant-paid heating utilities help reduce owner expenses

Outdoor Features

• Large private decks for each unit
• Spacious yard with mature fruit trees
• Ample off-street parking
• Peaceful country setting

Efficient Ownership

Designed with long-term ownership in mind, the property benefits from separately metered heating systems, allowing tenants to pay their own heating costs. Combined with recent capital improvements and vacant units ready for occupancy, this duplex offers a strong opportunity for immediate cash flow and future appreciation.

Income Potential

The property is currently fully vacant, offering the flexibility to set your own rents, select your tenants, or occupy one unit while generating income from the other.

Unit 1

• 2 Bedrooms
• 1 Bathroom
• Heat pumps providing heat and A/C
• Market Rent: $1,350/month
• Tenants pay electric heat and electricity
• Vacant

Unit 2

• 2 Bedrooms
• 1 Bathroom
• Heat pumps providing heat and A/C
• Market Rent: $1,350/month
• Tenants pay electric heat and electricity
• Vacant

Projected Gross Rental Income: $32,400 annually

Annual Operating Expenses: $7,885

Net Operating Income (NOI): $24,515

With both units vacant and tenants responsible for all electric utilities, including heat, the property offers a simple, low-maintenance investment opportunity with strong income potential. Whether you're looking to expand your portfolio or live in one unit while renting the other, this duplex provides flexibility from day one.

Location & Lifestyle

• Convenient Commuting: Located just minutes from Augusta and Waterville, residents enjoy easy access to major employers, healthcare facilities, shopping centers, and everyday conveniences while returning home to a quieter pace of life.

• Outdoor Recreation: With nearby access to China Lake, the Kennebec River, and countless trails and outdoor spaces, opportunities for boating, fishing, kayaking, hiking, and year-round recreation are never far away.

• Rural Charm: Known for its scenic countryside, wooded landscapes, and larger lot sizes, Vassalboro offers the privacy and tranquility that many homebuyers seek when making the move to central Maine.

• Community Connection: Enjoy local farms, seasonal events, and a strong sense of community while remaining close to restaurants, entertainment, and services in neighboring Augusta and Waterville.

• School Choice: Students from Vassalboro have the choice of three local high schools, Winslow, Erskine Academy, or Waterville, expanding the potential rental pool to relocating families who want to keep their children in the same school. 

Whether you're seeking your next investment property, a place to help offset your mortgage through rental income, or a property that offers flexibility for a variety of living arrangements, 987 Main Street delivers a compelling combination of updates, convenience, and opportunity.