Duplex with Detached
For Sale
$999,000
134 Ross Corner Road, Shapleigh, ME 04076
Multi-Family, Shapleigh, ME
Property Size5,220 SF
Lot Size24.90 Acres
Price / SF$191.38
Days on Market43
Property Features for 134 Ross Corner Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
GP-RP
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Basement, Bathroom 1, Bathroom 2
Parking features
Underground/Basement, Heated, Open
Patio and Porch features
Patio, Porch, Deck
Interior features
Walk-in Closets, In-Law Apartment, Bathtub, Pantry, Shower, Storage, Primary Bedroom w/Bath
Basement
Full, Finished, Walk-Out Access
Lot features
Well Landscaped, Rolling/ Sloping, Open, Level, Wooded, Abuts Conservation, Rural
Standard status
Active
Size
5,220 SF
Lot size
24.90 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6308
Utilities
Sewer type
Private Sewer, Septic Tank
Heating system
Radiant, Propane (Heating), Hot Water(Heating), Baseboard, Heat Pump (Heating), Oil
Cooling system
Heat Pump
Water source
Private, Well
Water front features
Stream
Amenities
farmer's porch
gas fireplace
chef's kitchen
granite & tile countertops
custom copper farmhouse sink
oversized island
wide plank pine flooring
jetted tub
double vanity with marble countertops
separate shower room
exercise room
bonus room
custom cabinetry
open-concept kitchen
three-season screened porch
heated one-car garage
workshop
mudroom
30' x 40' detached garage with automotive lift
storage sheds
perennial gardens
Building Details
Year built
2002
Floors in Building
3
Number of units
2
Flooring type
Tile - Ceramic, Vinyl, Hardwood, Wood, Tile, Laminate, Carpet
Building materials
Wood Frame, Vinyl Siding, Wood Siding
Roof type
Metal, Shingle
Architectural style
Contemporary, Colonial
Additional Structures
Outbuilding, Storage
Listing Agency:
Lakes Region Realty
(207) 636-2818
Listed By:
Nancy Wakefield
(207) 651-3716
Added: Jul 23
Changed: Aug 23
Last Checked: Sep 3 at 3:06AM
MLS# 1671842
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 2002 duplex combines a three-bedroom primary residence with a connected one-bedroom apartment, creating flexible multigenerational or rental-use accommodations. The main home includes 2 full baths and 1 half bath, a granite- and tile-finished kitchen, great room with gas fireplace, primary suite with two walk-in closets and private bath, exercise room, bonus room, mudroom, and heated basement garage. The apartment has a separate entrance, open kitchen and living area, bedroom with walk-in closet, parlor, three-season screened porch, and 1 full bath plus 1 half bath.
The property includes 24.9 wooded acres with Norton Brook crossing the rear forest and conservation land along the parcel. A detached 30' x 40' garage provides heat, air conditioning, an automotive lift, and upper-level storage. Additional site improvements include landscaped lawns, perennial gardens, storage sheds, a private well, and septic system. Located at 134 Ross Corner Road in Shapleigh, Maine, the property is zoned GP-RP.
The property includes 24.9 wooded acres with Norton Brook crossing the rear forest and conservation land along the parcel. A detached 30' x 40' garage provides heat, air conditioning, an automotive lift, and upper-level storage. Additional site improvements include landscaped lawns, perennial gardens, storage sheds, a private well, and septic system. Located at 134 Ross Corner Road in Shapleigh, Maine, the property is zoned GP-RP.
Key Highlights
- 5,220‑square‑foot duplex on 24.9 wooded acres
- Three‑bedroom primary residence plus attached one‑bedroom apartment
- Detached 30' x 40' garage with automotive lift, heat, air conditioning, and upper‑level storage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$88,366
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.85%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,767,320
$1.8M
Cap Rate 7%
$1,262,371
$1.3M
Cap Rate 9%
$981,844
$981.8K
Market Conditions
NOI Build-Up for 5,220 SF
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.
Gross rent
$132.8K $25.44/SF
− Vacancy
−$6.6K −$1.26/SF
EGI
$126.2K $24.18/SF
− OpEx
−$37.9K −$7.25/SF
NOI
$88.4K $16.93/SF
Area
York County, ME
Vacancy
4.94%
Lease Rate
$25.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,767,320
Cap Rate 7%
$1,262,371
Cap Rate 9%
$981,844
Alternative Uses
Best Use
Multifamily LT 5
$1.26M
$1.10M – $1.47M
NOI $88,366 @ 7.0% cap · market cap 8.85%
Second Best
Apartment 5plus
$1.15M
$1.01M – $1.34M
NOI $80,671 @ 7.0% cap · market cap 8.08%
Theoretical Best
Office A
$1.65M
$1.45M – $1.93M
NOI $115,830 @ 7.0% cap · market cap 11.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Explore this area
Business Placement
Demographics for 04076, ME
2,927
Population
2,027
Households
1.4
Avg Household Size
47
Median Age
25%
College-Educated
95%
High-School Grad
38.7 sq mi
ZIP Area
76
Density / Sq Mi
$87,560
Median Household Income
$44,531
Median Earnings
$1,284
Median Rent
$324,100
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?
Duplex - Contemporary duplex with an attached apartment, extensive garage space, and private wooded grounds.
Where is this duplex located?
The property is located at 134 Ross Corner Road Shapleigh, ME.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 5,220‑square‑foot duplex on 24.9 wooded acres; Three‑bedroom primary residence plus attached one‑bedroom apartment; Detached 30' x 40' garage with automotive lift, heat, air conditioning, and upper‑level storage
