Quadplex with 3-Bay
For Sale
$1,260,000
1159 Pequawket Trail, Standish, ME 04085
MULTI_FAMILY - Contemporary, Colonial - Standish, ME
Property Size4,896 SF
Lot Size2.50 Acres
Price / SF$257.35
Days on Market30
Property Features for 1159 Pequawket Trail
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Commercial
Bathrooms
4
Full bathrooms
4
Rooms
Basement, Bathroom 2, Bathroom 4, Bathroom 1, Bathroom 3
Parking features
Open
Patio and Porch features
Porch
Interior features
Bathtub
Basement
Full
Lot features
Well Landscaped, Open, Level, Rural
Standard status
Active
Size
4,896 SF
Lot size
2.50 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8019
Utilities
Sewer type
Septic Tank, Private Sewer
Heating system
Forced Air, Natural Gas, Heat Pump (Heating)
Cooling system
Heat Pump
Water source
Public
Amenities
gas fired heat pumps with AC
Building Details
Year built
2023
Floors in Building
2
Number of units
4
Flooring type
Carpet, Vinyl
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Colonial, Contemporary
Additional Structures
Outbuilding
Listing Agency:
Keller Williams Realty
(207) 879-9800
Listed By:
Tammy Richard
(207) 553-2427
Added: Jul 7
Changed: Aug 1
Last Checked: Aug 5 at 6:06PM
MLS# 1668061
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.
Investment Insights
Based on property information with market context.
This four-unit quadplex was built in 2023, with a three-bay garage built in 2017. Each unit has its own foundation with firewalls extending to the roof. The property includes a sprinkler and fire system that is installed and inspected regularly. Interiors include carpet and vinyl flooring, and each unit is laid out well while still feeling and looking new.
Utilities are separated by unit except for water and sewer. Heating is provided by Lenox gas fired heat pumps that include AC, and parking is available as open spaces. Construction is wood frame with vinyl siding, and the roof is shingle.
The property sits on a 2.5-acre parcel in a commercial zone, with public water and sewer provided via septic tank/private sewer. The seller states the 2-acre parcel is contiguous and on the same deed and that they have discussed with the town the ability to build on it.
Utilities are separated by unit except for water and sewer. Heating is provided by Lenox gas fired heat pumps that include AC, and parking is available as open spaces. Construction is wood frame with vinyl siding, and the roof is shingle.
The property sits on a 2.5-acre parcel in a commercial zone, with public water and sewer provided via septic tank/private sewer. The seller states the 2-acre parcel is contiguous and on the same deed and that they have discussed with the town the ability to build on it.
Key Highlights
- Built in 2023 quadplex with units on separate foundations
- Three‑bay garage built in 2017
- Sprinkler and fire system installed and regularly inspected
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 | $132.2k | $27.00 |
| − Vacancy | −$8.6k | −$1.76 |
| EGI | $123.6k | $25.25 |
| − OpEx | −$37.1k | −$7.57 |
| NOI | $86.5k | $17.67 |
4,896 SF · lease $27.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.24M
$1.08M – $1.44M
NOI $86,520 @ 7.0% cap · market cap 6.87%
Second Best
Apartment 5plus
$1.15M
$1.01M – $1.34M
NOI $80,493 @ 7.0% cap · market cap 6.39%
Theoretical Best
Office A
$1.35M
$1.18M – $1.57M
NOI $94,197 @ 7.0% cap · market cap 7.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Sprinkler system
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
25
Businesses Nearby
Explore this area
Business Placement
Demographics for 04085, ME
1,991
Population
1,049
Households
1.9
Avg Household Size
42
Median Age
19%
College-Educated
93%
High-School Grad
15.2 sq mi
ZIP Area
131
Density / Sq Mi
$88,739
Median Household Income
$58,025
Median Earnings
$986
Median Rent
$275,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit quadplex built in 2023 with each unit having utilities and Lenox heat pumps with AC.
Where is this quadplex located?
The property is located at 1159 Pequawket Trail Standish, ME.
What is the asking price?
The asking price for this property is $1,260,000.
What are key features of this property?
This property features: Built in 2023 quadplex with units on separate foundations; Three‑bay garage built in 2017; Sprinkler and fire system installed and regularly inspected
