New Construction
For Sale
$515,000
37 Lower Dedham Road, Holden, ME 04429
Multi-Family, Holden, ME
Property Size1,896 SF
Lot Size1.33 Acres
Price / SF$271.62
Days on Market62
Property Features for 37 Lower Dedham Road
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Property condition
Under Construction
Zoning
Rural
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking features
Open
Interior features
1st Floor Bedroom, Shower
Lot features
Open, Level, Wooded, Rural
Standard status
Active
Size
1,896 SF
Lot size
1.33 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
854
Utilities
Sewer type
Septic Tank, Private Sewer
Heating system
Hot Water(Heating), Baseboard, Propane (Heating)
Water source
Private, Well
Building Details
Year built
2025
Floors in Building
1
Number of units
2
Flooring type
Vinyl
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Ranch
Listing Agency:
Realty of Maine
(207) 942-6310
Listed By:
Kortnie Mullins
(207) 991-4924
Added: Jul 9
Changed: Sep 2
Last Checked: Sep 8 at 4:06PM
MLS# 1646791
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.
Completed in 2025 and currently under construction status, this ranch-style duplex contains 1,896 square feet across two residential units. Each unit provides two bedrooms, one full bathroom, and a connected living and kitchen area. Granite countertops, vinyl flooring, and dedicated storage add practical interior functionality, while high-efficiency boiler heating supports year-round use.
The property occupies 1.33 acres in Holden, Maine, within Rural zoning. Each residence has its own attached garage, and the site is served by a private well and private septic system. Wood-frame construction, vinyl siding, and a shingle roof complete the exterior improvements.
The property occupies 1.33 acres in Holden, Maine, within Rural zoning. Each residence has its own attached garage, and the site is served by a private well and private septic system. Wood-frame construction, vinyl siding, and a shingle roof complete the exterior improvements.
Key Highlights
- Two‑unit duplex with 1,896 square feet of total property size
- Each unit includes 2 bedrooms and 1 full bath
- Set on 1.33 acres in Rural zoning
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
$17,376
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
3.37%
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%
$347,520
$347.5K
Cap Rate 7%
$248,229
$248.2K
Cap Rate 9%
$193,067
$193.1K
Market Conditions
NOI Build-Up for 1,896 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
$26.2K $13.80/SF
− Vacancy
−$1.3K −$0.71/SF
EGI
$24.8K $13.09/SF
− OpEx
−$7.4K −$3.93/SF
NOI
$17.4K $9.16/SF
Area
Penobscot County, ME
Vacancy
5.13%
Lease Rate
$13.80 /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%
$347,520
Cap Rate 7%
$248,229
Cap Rate 9%
$193,067
Alternative Uses
Best Use
Multifamily LT 5
$248.2K
$217.2K – $289.6K
NOI $17,376 @ 7.0% cap · market cap 3.37%
Second Best
Apartment 5plus
$228.3K
$199.8K – $266.4K
NOI $15,981 @ 7.0% cap · market cap 3.10%
Theoretical Best
Office A
$612.4K
$535.8K – $714.4K
NOI $42,865 @ 7.0% cap · market cap 8.32%
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
27
Businesses Nearby
Explore this area
Business Placement
Demographics for 04429, ME
4,925
Population
2,963
Households
1.7
Avg Household Size
48
Median Age
42%
College-Educated
98%
High-School Grad
70.6 sq mi
ZIP Area
70
Density / Sq Mi
$92,223
Median Household Income
$52,391
Median Earnings
$1,316
Median Rent
$268,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom residences combine open living areas, private garages, and durable finishes on a rural Maine parcel.
Where is this duplex located?
The property is located at 37 Lower Dedham Road Holden, ME.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,896 square feet of total property size; Each unit includes 2 bedrooms and 1 full bath; Set on 1.33 acres in Rural zoning
