Updated Duplex with Attached
For Sale
$485,000
5 Ossipee Trail E, Standish, ME 04084
MULTI_FAMILY - Colonial - Standish, ME
Property Size2,677 SF
Lot Size0.30 Acres
Price / SF$181.17
Days on Market33
Property Features for 5 Ossipee Trail E
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
SCD
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bathroom 2, Bathroom 1
Patio and Porch features
Porch, Deck
Pets allowed
No
Interior features
Bathtub, Shower, Storage
Basement
Dirt Floor, Full, Unfinished
Lot features
Level, Intown, Near Shopping, Near Town, Suburban
Standard status
Active
Size
2,677 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
3916
Utilities
Sewer type
Private Sewer
Heating system
Oil, Hot Water(Heating), Heat Pump (Heating), Baseboard, Electric (Heating)
Cooling system
Heat Pump
Water source
Public
Building Details
Year built
1800
Floors in Building
2
Number of units
2
Flooring type
Laminate, Carpet, Wood
Building materials
Wood Frame, Clapboard, Wood Siding
Roof type
Shingle
Architectural style
Colonial
Additional Structures
Storage
Listing Agency:
Coldwell Banker Realty · Coldwell Banker Real Estate
(207) 725-8522
Listed By:
Jason Norton
(207) 319-5568
Added: Jul 11
Changed: Aug 3
Last Checked: Aug 12 at 8:06AM
MLS# 1668520
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.
5 Ossipee Trail E is an updated duplex featuring two distinct units in a Colonial-style wood-frame home. While the layouts are not identical, each unit offers two bedrooms and one-and-a-half bathrooms, plus dedicated storage and interior spaces including basements and bathrooms. The property also includes an expansive attached barn that can serve as storage or a workshop.
Set along the Route 25 corridor in Standish, the location offers convenient access to local amenities such as Hannaford, with a straightforward commute to Greater Portland and a short drive to Sebago Lake. Off-street parking is available to accommodate residents and guests.
Major system improvements include brand-new electrical panels for both units, a new oil tank, a new septic tank baffle, and a new chimney liner and cap. Interiors have been refreshed with crisp, fresh paint and brand-new light fixtures, outlets, and switches. Unit 5 includes a new outdoor deck, waterproof luxury vinyl plank flooring in the entryway, a new bathroom exhaust fan, a new over-the-range microwave, a new washer and dryer, and a custom closet organization system. Unit 9 features a refinished enclosed porch interior that adds a welcoming transition space.
Additional details include public water, private sewer, a shingle roof, and heating/cooling that includes heat pump, electric/baseboard, and hot water along with oil heat. The lot size is 0.3 acres, and the property size is 2,677 square feet, built in 1800.
Set along the Route 25 corridor in Standish, the location offers convenient access to local amenities such as Hannaford, with a straightforward commute to Greater Portland and a short drive to Sebago Lake. Off-street parking is available to accommodate residents and guests.
Major system improvements include brand-new electrical panels for both units, a new oil tank, a new septic tank baffle, and a new chimney liner and cap. Interiors have been refreshed with crisp, fresh paint and brand-new light fixtures, outlets, and switches. Unit 5 includes a new outdoor deck, waterproof luxury vinyl plank flooring in the entryway, a new bathroom exhaust fan, a new over-the-range microwave, a new washer and dryer, and a custom closet organization system. Unit 9 features a refinished enclosed porch interior that adds a welcoming transition space.
Additional details include public water, private sewer, a shingle roof, and heating/cooling that includes heat pump, electric/baseboard, and hot water along with oil heat. The lot size is 0.3 acres, and the property size is 2,677 square feet, built in 1800.
Key Highlights
- Two‑unit duplex with each unit offering two bedrooms and one‑and‑a‑half bathrooms
- Expansive attached barn for storage or workshop potential
- Major system upgrades: new electrical panels, new oil tank, septic tank baffle, and chimney liner/cap
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
$44,011
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
9.07%
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%
$880,220
$880.2K
Cap Rate 7%
$628,729
$628.7K
Cap Rate 9%
$489,011
$489.0K
Market Conditions
NOI Build-Up for 2,677 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
$85.1K $31.80/SF
− Vacancy
−$5.1K −$1.91/SF
EGI
$80.0K $29.89/SF
− OpEx
−$36.0K −$13.45/SF
NOI
$44.0K $16.44/SF
Area
Cumberland County, ME
Vacancy
6.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
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%
$880,220
Cap Rate 7%
$628,729
Cap Rate 9%
$489,011
Alternative Uses
Best Use
Multifamily LT 5
$675.8K
$591.3K – $788.5K
NOI $47,307 @ 7.0% cap · market cap 9.75%
Second Best
Apartment 5plus
$628.7K
$550.1K – $733.5K
NOI $44,011 @ 7.0% cap · market cap 9.07%
Theoretical Best
Office A
$735.8K
$643.8K – $858.4K
NOI $51,504 @ 7.0% cap · market cap 10.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
155
Businesses Nearby
Explore this area
Business Placement
Demographics for 04084, ME
8,253
Population
3,710
Households
2.2
Avg Household Size
43
Median Age
38%
College-Educated
96%
High-School Grad
43.8 sq mi
ZIP Area
188
Density / Sq Mi
$103,086
Median Household Income
$38,839
Median Earnings
$972
Median Rent
$334,800
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 - Updated two-unit duplex on public water with off-street parking and an expansive attached barn for storage or work.
Where is this duplex located?
The property is located at 5 Ossipee Trail E Standish, ME.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Two‑unit duplex with each unit offering two bedrooms and one‑and‑a‑half bathrooms; Expansive attached barn for storage or workshop potential; Major system upgrades: new electrical panels, new oil tank, septic tank baffle, and chimney liner/cap
