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    55 Osgood Avenue Mexico, ME 04257

    View on Map
    For Sale
    $165,000

    MULTI_FAMILY - Mexico, ME

    Property size:
    1,620 SF
    Lot size:
    0.30 Acres
    Added:
    Dec 15, 2025
    Days on Market:
    107
    Last Refresh:
    Apr 1 at 4:06 pm

    Property Features for 55 Osgood Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Rooms
    Bathroom 1, Bathroom 2, Basement
    Basement
    Dirt Floor
    Standard status
    Active
    Size
    1,620 SF
    Lot size
    0.30 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxAnnualAmount
    2201

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1900
    Number of units
    2
    Flooring type
    Wood, Vinyl
    Building materials
    Vinyl Siding, Wood Frame
    Roof type
    Shingle

    We can help!

    Listing Contact
    Brandon Burns

    Listing agent Brandon Burns

    Listing office Keller Williams Realty 50 Sewall Street, Portland, ME

    Listing date Dec 15, 2025

    MLS# 1643955 Listing URL

    Copyright © 2025 Maine Real Estate Information System, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turnkey Two-Family Property in Mexico

    This is a two-family property located in Mexico, Maine. The property is fully rented and turnkey, making it suitable for expanding an investment portfolio. Recent upgrades include new electric service. Tenants are responsible for their own electric bills. A new roof has been installed, and the second floor has been refreshed for the current tenants. The lot size is 0.3 acres. The property size is 1620 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Mexico
    County
    Oxford
    State
    Maine
    Longitude
    -70.54832
    Latitude
    44.559215

    Nearby Similar for Sale

    • $449,000
      3,000 SF

      Commercial Office Building on Route 2

      Well-maintained office building with flexible layout and high visibility.
      313 Main Street, Mexico, ME 04257
      View Details
    • $675,000
      1,800 SF

      Established Restaurant on Route 2

      Turnkey restaurant with loyal customer base and franchise potential.
      856 River Road, Mexico, ME 04257
      View Details
    • $85,000
      2,703 SF

      Versatile Commercial Building on Route 2

      Unique commercial property with high visibility and income potential.
      140 Main Street, Mexico, ME 04257
      View Details
    • $150,000
      5,976 SF

      Mixed-Use Property in Downtown Mexico

      Two-story restaurant with apartment potential and parking lot.
      41 Main Street, Mexico, ME 04257
      View Details
    • $194,900
      2,250 SF

      Turnkey Triplex with Rental History

      Three-unit property with a solid rental history on a large lot.
      55 Roxbury Road, Mexico, ME 04257
      View Details

    FAQs

    What type of property is this?
    Duplex - Fully rented duplex with recent upgrades, ready for investment.
    Where is this duplex located?
    The property is located at 55 Osgood Avenue Mexico, ME.
    What is the asking price?
    The asking price for this property is $165,000.
    What are key features of this property?
    This property features: Turnkey 2‑family property, ideal for portfolio expansion.; New roof installed.; Tenants responsible for their own electric bills.
    (774) 229-6915
    We can help!
    Listing Contact
    Brandon Burns
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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