Two-Unit Duplex with
For Sale
$542,300
8 Sugar Maple, Gray, ME 04039
Residential Income, Gray, ME
Property Size2,352 SF
Lot Size1.84 Acres
Price / SF$230.57
Days on Market20
Property Features for 8 Sugar Maple
General Information
Property type
Residential Multi Family
Property subtype
Other
Standard status
Active
Lot size
1.84 Acres
Listing Agency:
Keenan Auction Company, Inc.
Listed By:
Richard Keenan
(207) 885-5100
Added: Sep 17
Changed: Sep 18
Last Checked: Oct 6 at 2:06PM
MLS# 11985489
Copyright © 2026 My State MLS. 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 two-story duplex includes two townhouse-style units totaling approximately 2,352 square feet of gross living area. The left unit contains 4 rooms, 2 bedrooms, and 1 bathroom across approximately 1,008 square feet, while the right unit offers 5 rooms, 3 bedrooms, and 2 bathrooms across approximately 1,344 square feet. Built circa 2004, the wood-frame property has vinyl exterior walls, an architectural shingle roof, a full basement of approximately 1,176 square feet, hot-water baseboard heat, tile and laminate flooring, and two decks. A detached 2-car garage is also included.
The property occupies approximately 1.84 acres with more than 150 feet of frontage on Rt. 100. The generally level site slopes toward the rear and includes private water and sewer systems with a shared well. Zoning is Medium Density. The property is located at 8 Sugar Maple Road in Gray, approximately 3.2 miles from Gray and 1.8 miles from West Cumberland.
The property occupies approximately 1.84 acres with more than 150 feet of frontage on Rt. 100. The generally level site slopes toward the rear and includes private water and sewer systems with a shared well. Zoning is Medium Density. The property is located at 8 Sugar Maple Road in Gray, approximately 3.2 miles from Gray and 1.8 miles from West Cumberland.
Key Highlights
- Two townhouse units totaling 2,352+/- SF GLA
- Left unit: 4RMs, 2BR, 1BTH, 1,008+/-SF
- Right unit: 5RMs, 3BR, 2BTH, 1,344+/-SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,563
Cap Rate
7.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$831,260
$831.3K
Cap Rate 7%
$593,757
$593.8K
Cap Rate 9%
$461,811
$461.8K
Market Conditions
NOI Build-Up for 2,352 SF
Gross rent
$63.5K $27.00/SF
− Vacancy
−$4.1K −$1.76/SF
EGI
$59.4K $25.25/SF
− OpEx
−$17.8K −$7.57/SF
NOI
$41.6K $17.67/SF
Area
Cumberland County, ME
Vacancy
6.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$831,260
Cap Rate 7%
$593,757
Cap Rate 9%
$461,811
Alternative Uses
Best Use
Multifamily LT 5
$593.8K
$519.5K – $692.7K
NOI $41,563 @ 7.0% cap · market cap 7.66%
Second Best
Apartment 5plus
$552.4K
$483.4K – $644.5K
NOI $38,668 @ 7.0% cap · market cap 7.13%
Theoretical Best
Office A
$646.4K
$565.6K – $754.2K
NOI $45,251 @ 7.0% cap · market cap 8.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
14
Businesses Nearby
Explore this area
Business Placement
Demographics for 04039, ME
7,922
Population
4,265
Households
1.9
Avg Household Size
43
Median Age
46%
College-Educated
97%
High-School Grad
40.9 sq mi
ZIP Area
194
Density / Sq Mi
$94,284
Median Household Income
$55,646
Median Earnings
$1,321
Median Rent
$333,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-story residential income property with separate townhouse units, private outdoor space, and a detached garage.
Where is this duplex located?
The property is located at 8 Sugar Maple Gray, ME.
What is the asking price?
The asking price for this property is $542,300.
What are key features of this property?
This property features: Two townhouse units totaling 2,352+/- SF GLA; Left unit: 4RMs, 2BR, 1BTH, 1,008+/-SF; Right unit: 5RMs, 3BR, 2BTH, 1,344+/-SF
