New Duplex with Attached
37 Lower Dedham Road Holden, ME 04429
For Sale
$525,000
MULTI_FAMILY - Ranch - Holden, ME
Property Size1,896 SF
Lot Size1.33 Acres
Price / SF$276.90
Days on Market45
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
- Rooms
- Bathroom 2, Bathroom 1
- Parking features
- Open
- Interior features
- 1st Floor Bedroom, One-Floor Living, Shower
- 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
- Private Sewer, Septic Tank
- Heating system
- Hot Water(Heating), Baseboard, Propane (Heating)
- Water source
- Well, Private
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: Jun 10
Changed: Jul 9
Last Checked: Jul 24 at 11:06AM
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.
This newly constructed duplex includes two separate residential units, each with two bedrooms and one full bath. Both units feature an open-concept layout connecting the living room and kitchen, with granite countertops and luxury vinyl tile flooring throughout. Each unit also has its own attached garage with dedicated storage, and the property is heated by a high-efficiency boiler for year-round comfort.
The duplex is situated on 1.33 acres in Holden, Maine, within Penobscot County. The property is listed under rural zoning.
The configuration supports owner-occupied use while generating rental income, and it can also fit multi-generational or in-law housing arrangements given the two independent units. With modern finishes, durable flooring, and attached garage storage for each unit, the property is positioned for tenants or buyers seeking straightforward duplex living with self-contained parking and mechanical systems shared across the overall property.
The duplex is situated on 1.33 acres in Holden, Maine, within Penobscot County. The property is listed under rural zoning.
The configuration supports owner-occupied use while generating rental income, and it can also fit multi-generational or in-law housing arrangements given the two independent units. With modern finishes, durable flooring, and attached garage storage for each unit, the property is positioned for tenants or buyers seeking straightforward duplex living with self-contained parking and mechanical systems shared across the overall property.
Key Highlights
- Newly constructed 2025 ranch duplex with one‑floor living design
- Each unit has 2 bedrooms and 1 full bath with an open‑concept living room and kitchen layout
- Luxury vinyl tile flooring and vinyl siding exterior with wood‑frame construction
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 | $26.2k | $13.80 |
| − Vacancy | −$1.3k | −$0.71 |
| EGI | $24.8k | $13.09 |
| − OpEx | −$7.4k | −$3.93 |
| NOI | $17.4k | $9.16 |
1,896 SF · lease $13.80/SF/yr · vacancy 5.13% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$248.2K
$217.2K – $289.6K
NOI $17,376 @ 7.0% cap · market cap 3.31%
Second Best
Apartment 5plus
$228.3K
$199.8K – $266.4K
NOI $15,981 @ 7.0% cap · market cap 3.04%
Theoretical Best
Office A
$612.4K
$535.8K – $714.4K
NOI $42,865 @ 7.0% cap · market cap 8.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Newly constructed duplex offers two 2-bedroom, 1-bath units with attached garages and efficient heating.
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 $525,000.
What are key features of this property?
This property features: Newly constructed 2025 ranch duplex with one‑floor living design; Each unit has 2 bedrooms and 1 full bath with an open‑concept living room and kitchen layout; Luxury vinyl tile flooring and vinyl siding exterior with wood‑frame construction
