Ranch Duplex with Detached
55 Blueberry Lane, Gray, ME 04039
New
MULTI_FAMILY - Ranch - Gray, ME
Type:Single Family Residence
Property size:
2,549 SFLot size:
1.84 AcresPrice / SF:
$274/SF- Added:
- Jun 8, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 10 at 1:06 pm
Property Features for 55 Blueberry Lane
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Zoning
- Residential
- Rooms
- Basement
- Parking features
- Off Street
- Patio and Porch features
- Deck
- Interior features
- 1st Floor Bedroom, Bathtub, One-Floor Living
- Basement
- Unfinished, Full
- Standard status
- Active
- Size
- 2,549 SF
- Lot size
- 1.84 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 6610
Utilities
- Sewer type
- Private Sewer
- Heating system
- Hot Water(Heating), Oil, Electric (Heating), Forced Air, Baseboard
- Cooling system
- Heat Pump, Wall Unit(s)
- Water source
- Private
Building Details
- Year built
- 1988
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Laminate, Carpet, Vinyl, Tile - Ceramic
- Building materials
- Wood Frame, Vinyl Siding
- Roof type
- Shingle
- Architectural style
- Ranch
Listing agent Leonard Tracy III (207) 749-6890
Listing office EXP Realty 41 Hutchins Drive Building 3, Rangeley, ME (888) 439-8743
Listing date Jun 8, 2026
MLS# 1664970
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.
HighLights
- Ranch‑style duplex built in 1988 on a 1.84‑acre lot in Gray, Maine
- Two spacious units with single‑level living, each with private entrances and attached garages with direct entry
- Owner’s unit features 2 bedrooms, 1.5 baths, and a dedicated office with interior access plus its own private exterior entrance
- Full unfinished basements offer additional storage space
- Detached 30' x 40' garage/shop for vehicle and equipment storage or workspace use
- Utilities are completely separated; private water source and private sewer
Overview
This ranch-style duplex is set up as two comfortable single-level living units. Each unit has its own private entrance and an attached garage with direct entry, along with full unfinished basements that provide additional storage. The owner’s unit includes 2 bedrooms, 1.5 baths, and a dedicated office space, which can be used for remote work, a home-based business, or guest accommodations. The office has both interior access and its own private exterior entrance, allowing privacy from the main living areas.
The property sits on a 1.84-acre lot in Gray, Maine. In addition to the attached garages for each unit, there is a 30' x 40' detached garage/shop on-site, suited for contractors, hobbyists, car enthusiasts, equipment storage, recreational vehicles, or other flexible uses.
For owner-occupiers or investors seeking manageable setup, the utilities are completely separated, which can simplify day-to-day operations and provide rental flexibility. With two distinct units, private entries, and significant storage options, the layout is practical for a range of residential income and mixed live/work scenarios.
The property sits on a 1.84-acre lot in Gray, Maine. In addition to the attached garages for each unit, there is a 30' x 40' detached garage/shop on-site, suited for contractors, hobbyists, car enthusiasts, equipment storage, recreational vehicles, or other flexible uses.
For owner-occupiers or investors seeking manageable setup, the utilities are completely separated, which can simplify day-to-day operations and provide rental flexibility. With two distinct units, private entries, and significant storage options, the layout is practical for a range of residential income and mixed live/work scenarios.
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 | $68.8k | $27.00 |
| − Vacancy | −$4.5k | −$1.76 |
| EGI | $64.3k | $25.25 |
| − OpEx | −$19.3k | −$7.57 |
| NOI | $45.0k | $17.67 |
2,549 SF · lease $27.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$643.5K
$563.1K – $750.8K
NOI $45,045 @ 7.0% cap · market cap 6.44%
Second Best
Apartment 5plus
$598.7K
$523.8K – $698.5K
NOI $41,907 @ 7.0% cap · market cap 5.99%
Theoretical Best
Office A
$700.6K
$613.0K – $817.4K
NOI $49,042 @ 7.0% cap · market cap 7.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Gray
- County
- Cumberland
- State
- Maine
- Longitude
- -70.341677
- Latitude
- 43.93531
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Ranch-style duplex offers two single-level units, separated utilities, and an added detached garage/shop for flexible storage or work.
Where is this duplex located?
The property is located at 55 Blueberry Lane Gray, ME.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Ranch‑style duplex built in 1988 on a 1.84‑acre lot in Gray, Maine; Two spacious units with single‑level living, each with private entrances and attached garages with direct entry; Owner’s unit features 2 bedrooms, 1.5 baths, and a dedicated office with interior access plus its own private exterior entrance
