Fully Rented Duplex
Orrington, ME 04474 Orrington, ME 04474
Orrington, ME, 04474
$1,399,000
For Sale
$1,399,000
COMMERCIAL - Orrington, ME
Property Size5,600 SF
Price / SF$249.82
Days on Market173
Property Features
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Size
- 5,600 SF
Building Details
- Year built
- 2020
Listing agency
Ellsworth, Maine
(207) 667-7423
Listed by
Stacy White
(207) 812-7911
Added: Jan 29 Updated: Jul 20 at 4:09PM Checked: Jul 21 at 12:06PM
MLS# 1646477
Copyright © 2026 Better Homes and Gardens-The Masiello Group. 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 offering is a portfolio of three fully rented duplexes in Orrington, Maine. The units are configured with 2 bedrooms and 1 bathroom each, and feature efficient heating. The property is described as exceptionally maintained and situated on a generous lot within a thoughtfully designed subdivision.
Of the six total units, four include garages, while the remaining two come with storage sheds. Ownership also includes a 5.85-acre common area, providing additional outdoor space. The property is positioned in a quiet Orrington neighborhood with easy access to shopping, the airport, and outdoor recreation.
Overall, the asset presents a turnkey income-producing multifamily setup with consistent unit layouts across the duplexes and practical on-site storage for residents.
Of the six total units, four include garages, while the remaining two come with storage sheds. Ownership also includes a 5.85-acre common area, providing additional outdoor space. The property is positioned in a quiet Orrington neighborhood with easy access to shopping, the airport, and outdoor recreation.
Overall, the asset presents a turnkey income-producing multifamily setup with consistent unit layouts across the duplexes and practical on-site storage for residents.
Key Highlights
- Three duplexes built in 2020, with all units fully rented
- Six total units; each unit features 2 bedrooms and 1 bathroom
- Efficient heating included in each unit
Local Financial Insights For Apartment 5plus
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 | $90.7k | $16.20 |
| − Vacancy | −$4.9k | −$0.87 |
| EGI | $85.8k | $15.33 |
| − OpEx | −$38.6k | −$6.90 |
| NOI | $47.2k | $8.43 |
5,600 SF · lease $16.20/SF/yr · vacancy 5.40% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$674.3K
$590.0K – $786.7K
NOI $47,202 @ 7.0% cap · market cap 3.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.81M
$1.58M – $2.11M
NOI $126,605 @ 7.0% cap · market cap 9.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Three duplexes with 2-bedroom, 1-bath units and efficient heating, with garages for most units and storage sheds for the remainder.
Where is this apartment building located?
The property is located at Orrington, ME.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Three duplexes built in 2020, with all units fully rented; Six total units; each unit features 2 bedrooms and 1 bathroom; Efficient heating included in each unit
