Rented Duplex
12 38 61 Harvest Drive Orrington, ME 04474
For Sale
$1,399,000
MULTI_FAMILY - Orrington, ME
Property Size5,600 SF
Price / SF$249.82
Days on Market230
Property Features for 12 38 61 Harvest Drive
General Information
Property type
Residential Multi Family
Property subtype
Single Family Attached
Bathrooms
6
Standard status
Active
Size
5,600 SF
Building Details
Year built
2020
Listing Agency:
Ellsworth, Maine
(207) 667-7423
Listed By:
Stacy White
(207) 812-7911
Added: Dec 10, 2025
Changed: Jul 23
Last Checked: Jul 28 at 7:06PM
MLS# 1646171
Copyright © 2026 Better Homes and Gardens-The Masiello Group. 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 for-sale portfolio includes three duplexes with all units described as fully rented. Each unit offers 2 bedrooms and 1 bathroom, along with efficient heating. The property sits on a generous lot and includes garages for four of the six units, with storage sheds provided for the remaining two units.
The duplexes are located in Orrington, Maine, within a thoughtfully designed subdivision. In addition to the individual structures, the ownership conveys a 5.85-acre common area, described as providing additional outdoor space.
Overall, the asset is presented as an investor-focused residential income package with an established rental history and consistent unit layout across the portfolio.
The duplexes are located in Orrington, Maine, within a thoughtfully designed subdivision. In addition to the individual structures, the ownership conveys a 5.85-acre common area, described as providing additional outdoor space.
Overall, the asset is presented as an investor-focused residential income package with an established rental history and consistent unit layout across the portfolio.
Key Highlights
- Built in 2020, featuring three fully rented duplexes in a quiet Orrington neighborhood
- Six total units with consistent layout: each unit has 2 bedrooms and 1 bath
- Efficient heating throughout the units
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 | $77.3k | $13.80 |
| − Vacancy | −$4.0k | −$0.71 |
| EGI | $73.3k | $13.09 |
| − OpEx | −$22.0k | −$3.93 |
| NOI | $51.3k | $9.16 |
5,600 SF · lease $13.80/SF/yr · vacancy 5.13% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$733.2K
$641.5K – $855.4K
NOI $51,321 @ 7.0% cap · market cap 3.67%
Second Best
Apartment 5plus
$674.3K
$590.0K – $786.7K
NOI $47,202 @ 7.0% cap · market cap 3.37%
Theoretical Best
Office A
$1.81M
$1.58M – $2.11M
NOI $126,605 @ 7.0% cap · market cap 9.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Portfolio of three duplexes with two-bedroom, one-bath units and on-site garages and storage across a shared common area.
Where is this duplex located?
The property is located at 12 38 61 Harvest Drive Orrington, ME.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Built in 2020, featuring three fully rented duplexes in a quiet Orrington neighborhood; Six total units with consistent layout: each unit has 2 bedrooms and 1 bath; Efficient heating throughout the units
