Four-Unit Multifamily with New
1159 Pequawket Trail, Standish, ME 04085
New
MULTI_FAMILY - Contemporary, Colonial - Standish, ME
Property size:
4,896 SFLot size:
2.50 AcresPrice / SF:
$257/SF- Added:
- Jun 20, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 21 at 4:06 pm
Property Features for 1159 Pequawket Trail
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Commercial
- Bathrooms
- 4
- Rooms
- Bathroom 4, Bathroom 3, Basement, Bathroom 2, Bathroom 1
- Parking features
- Open
- Patio and Porch features
- Porch
- Interior features
- Bathtub
- Basement
- Full
- 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
- Private Sewer, Septic Tank
- Heating system
- Forced Air, Natural Gas, Heat Pump (Heating)
- Cooling system
- Heat Pump
- Water source
- Public
Building Details
- Year built
- 2023
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Vinyl, Carpet
- Building materials
- Wood Frame, Vinyl Siding
- Roof type
- Shingle
- Architectural style
- Colonial, Contemporary
- Additional Structures
- Outbuilding
Listing agent Tammy Richard (207) 553-2427
Listing office Keller Williams Realty 50 Sewall Street, Portland, ME (207) 879-9800
Listing date Jun 20, 2026
MLS# 1668061
Listing URL
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
- Four‑unit property built in 2023 (wood frame with vinyl siding) with a shingle roof
- Each unit has separate utilities (water and sewer shared)
- Fire and sprinkler systems installed and inspected regularly; firewalls extend to the roof
- All units laid out with multiple bathrooms (Bathroom 1–4) plus basement
- Lenox gas fired heat pumps with AC for heating/cooling
- 3‑bay garage built in 2017; open parking and a porch
Overview
This four-unit multifamily property was built in 2023. The layout is designed to feel new, with each unit supported by its own foundation and firewalls extending to the roofline. Sprinkler and fire systems are installed and inspected regularly. A three-bay garage was built in 2017. Each unit has its own utilities, with the exception of water and sewer, and heating and cooling are provided by Lenox gas-fired heat pumps that include air conditioning.
The property is located at 1159 Pequawket Trail in Standish, Maine, on a contiguous parcel of 2.5 acres. The asset is in a commercial zoning setting. The seller has indicated they have spoken with the town regarding the ability to add additional development on the parcel that is contiguous and on the same deed.
For tenants or owner-operators, the configuration supports independent unit living with separate utilities and consistent mechanical systems across the building. For buyers, the combination of newer construction elements, on-site fire and sprinkler systems, and an existing three-bay garage can simplify property management while providing flexibility for future expansion consistent with the seller’s discussions with the town.
The property is located at 1159 Pequawket Trail in Standish, Maine, on a contiguous parcel of 2.5 acres. The asset is in a commercial zoning setting. The seller has indicated they have spoken with the town regarding the ability to add additional development on the parcel that is contiguous and on the same deed.
For tenants or owner-operators, the configuration supports independent unit living with separate utilities and consistent mechanical systems across the building. For buyers, the combination of newer construction elements, on-site fire and sprinkler systems, and an existing three-bay garage can simplify property management while providing flexibility for future expansion consistent with the seller’s discussions with the town.
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 | $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 local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Standish
- County
- Cumberland
- State
- Maine
- Longitude
- -70.651335
- Latitude
- 43.794382
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Four-unit property built in 2023 with separate utilities, gas-fired heat pumps with AC, and fire protection systems in place.
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: Four‑unit property built in 2023 (wood frame with vinyl siding) with a shingle roof; Each unit has separate utilities (water and sewer shared); Fire and sprinkler systems installed and inspected regularly; firewalls extend to the roof
