Post-and-Beam Duplex with
New
For Sale
$1,195,000
9 Conifer Ridge Road, Cumberland, ME 04110
Multi-Family, Cumberland, ME
Property Size3,769 SF
Lot Size0.88 Acres
Price / SF$317.06
Days on Market5
Property Features for 9 Conifer Ridge Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
LDR
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 3, Bathroom 2
Parking features
Open
Patio and Porch features
Patio
Interior features
In-Law Apartment
Basement
Crawl Space
Lot features
Near Country Club, Well Landscaped, Wooded, Near Golf Course, Near Public Beach, Near Turnpike/ Interstate, Near Town, Neighborhood
Standard status
Active
Size
3,769 SF
Lot size
0.88 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
15051
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Electric (Heating), Heat Pump (Heating), Baseboard, Wood Stove, Wood, Natural Gas
Cooling system
Heat Pump
Water source
Public
Building Details
Year built
1986
Number of units
2
Flooring type
Tile, Carpet, Wood
Building materials
Wood Frame, Shingle Siding, Wood Siding
Roof type
Shingle
Architectural style
Colonial
Listing Agency:
Legacy Properties Sotheby's International Realty
(207) 780-8900
Listed By:
Kristina Keaney
(207) 756-0475
Added: Sep 9
Changed: Sep 12
Last Checked: Sep 13 at 7:06AM
MLS# 1679854
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 duplex property combines a three-bedroom main residence with a loft and two bathrooms alongside a separate one-bedroom, one-bath accessory dwelling unit. The ADU sits above the attached two-car garage and has its own entrance plus an open kitchen, dining, and living arrangement. Overall, the property contains 3,769 square feet on 0.88 acres, with wood-frame construction, shingle and wood siding, wood and tile flooring, and a shingle roof.
Interior character includes hand-hewn timbers, mortise-and-tenon joinery, reclaimed barn wood, and a 26-foot central cathedral ceiling. The former artist’s studio provides additional flexible space, while the main residence opens toward a stone patio and landscaped grounds. Public water and public sewer serve the property, which is located at 9 Conifer Ridge Road in Cumberland, Maine.
Interior character includes hand-hewn timbers, mortise-and-tenon joinery, reclaimed barn wood, and a 26-foot central cathedral ceiling. The former artist’s studio provides additional flexible space, while the main residence opens toward a stone patio and landscaped grounds. Public water and public sewer serve the property, which is located at 9 Conifer Ridge Road in Cumberland, Maine.
Key Highlights
- 3,769‑square‑foot duplex property on 0.88 acres
- Main residence includes 3 bedrooms, a loft, and 2 baths
- 1‑bedroom, 1‑bath ADU above an attached two‑car garage
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
$66,604
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
5.57%
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%
$1,332,080
$1.3M
Cap Rate 7%
$951,486
$951.5K
Cap Rate 9%
$740,044
$740.0K
Market Conditions
NOI Build-Up for 3,769 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
$101.8K $27.00/SF
− Vacancy
−$6.6K −$1.76/SF
EGI
$95.1K $25.25/SF
− OpEx
−$28.5K −$7.57/SF
NOI
$66.6K $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 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%
$1,332,080
Cap Rate 7%
$951,486
Cap Rate 9%
$740,044
Alternative Uses
Best Use
Multifamily LT 5
$951.5K
$832.6K – $1.11M
NOI $66,604 @ 7.0% cap · market cap 5.57%
Second Best
Apartment 5plus
$885.2K
$774.6K – $1.03M
NOI $61,965 @ 7.0% cap · market cap 5.19%
Theoretical Best
Office A
$1.04M
$906.4K – $1.21M
NOI $72,514 @ 7.0% cap · market cap 6.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
85
Businesses Nearby
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Business Placement
Demographics for 04110, ME
1,752
Population
706
Households
2.5
Avg Household Size
52
Median Age
75%
College-Educated
100%
High-School Grad
2.3 sq mi
ZIP Area
762
Density / Sq Mi
$187,857
Median Household Income
$53,558
Median Earnings
$1,718
Median Rent
$954,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Private-entry accessory dwelling complements the main residence and attached garage.
Where is this duplex located?
The property is located at 9 Conifer Ridge Road Cumberland, ME.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: 3,769‑square‑foot duplex property on 0.88 acres; Main residence includes 3 bedrooms, a loft, and 2 baths; 1‑bedroom, 1‑bath ADU above an attached two‑car garage
