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Two-Unit Residential Income Property

32 Ossipee Trail W Standish, ME 04084

New
32 Ossipee Trail W, Standish, ME, 04084
$480,000
For Sale
Claim this Listing
$480,000

MULTI_FAMILY - Other - Standish, ME

Property Size2,154 SF
Lot Size0.40 Acres
Price / SF$222.84
AddedJul 13
Days on Market4
Last RefreshJul 16 at 2:06 pm

Property Features for 32 Ossipee Trail W

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
SCD
Bathrooms
2
Rooms
Bathroom 2, Basement, Bathroom 1
Basement
Dirt Floor, Sump Pump, Unfinished, Full
Standard status
Active
Size
2,154 SF
Lot size
0.40 Acres

Taxes and HOA fees

Tax Year
2026
Tax Annual Amount
4297

Utilities

Sewer type
Septic Tank, Private Sewer
Heating system
Oil, Forced Air, Propane (Heating)
Water source
Public

Building Details

Year built
1960
Number of units
2
Flooring type
Vinyl, Wood
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Other

Listing agent Jennifer Allen

Listing office Regency Realty Group 27 Gorham Road Suite 230, South Portland, ME

Listing date Jul 13, 2026

MLS# 1668037 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.


Investment Insights

Based on property information with market context.

This two-unit residential income property includes two separate layouts, with each unit featuring two bedrooms and one bathroom. The home provides a functional, straightforward duplex configuration, with classic New England character. The property is being sold as-is, and some updates and improvements are needed, offering buyers the opportunity to refresh and tailor the asset over time.

The property is located at 32 Ossipee Trail W in Standish, Maine, in Cumberland County. Zoning is listed as SCD.

With both units configured similarly, the building lends itself to an owner-occupant scenario or an income-focused setup, depending on the buyer’s goals. Current details indicate convenient proximity to local amenities, schools, and outdoor recreation, including Sebago Lake.

Key Highlights

  • Two‑unit property with each unit featuring a 2‑bedroom, 1‑bath layout
  • Year built: 1960
  • Public water with private sewer via septic tank

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 $58.2k $27.00
− Vacancy −$3.8k −$1.76
EGI $54.4k $25.25
− OpEx −$16.3k −$7.57
NOI $38.1k $17.67
2,154 SF · lease $27.00/SF/yr · vacancy 6.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$543.8K
$475.8K – $634.4K (±1% cap)
NOI $38,064 @ 7.0% cap · market cap 7.93%
Second Best
Apartment 5plus
$505.9K
$442.7K – $590.2K (±1% cap)
NOI $35,413 @ 7.0% cap · market cap 7.38%
Theoretical Best
Office A
$592.0K
$518.0K – $690.7K (±1% cap)
NOI $41,442 @ 7.0% cap · market cap 8.63%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

HVAC Service Auto Parts Store Plumbing Service (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Building Supply Computer & Electronic Repair Veterinary Clinic Barber Shop Florist

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Two separate units each offer two bedrooms and one bath, and the property is sold as-is.
Where is this duplex located?
The property is located at 32 Ossipee Trail W Standish, ME.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: Two‑unit property with each unit featuring a 2‑bedroom, 1‑bath layout; Year built: 1960; Public water with private sewer via septic tank
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