Maintained Duplex Income
Orrington, ME 04474 Orrington, ME 04474
Orrington, ME, 04474
$489,000
For Sale
$489,000
MULTI_FAMILY - Orrington, ME
Property Size2,048 SF
Price / SF$238.77
Days on Market225
Property Features
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Attached
- Bathrooms
- 2
- Standard status
- Active
- Size
- 2,048 SF
Building Details
- Year built
- 2022
Listing agency
Ellsworth, Maine
(207) 667-7423
Listed by
Stacy White
(207) 812-7911
Added: Dec 8, 2025 Updated: Jul 20 at 4:09PM Checked: Jul 21 at 7:06PM
MLS# 1645922
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 beautifully maintained duplex offers a steady income setup with two separate units. Each unit is configured with 2 bedrooms and 1 bath, along with a one-car garage and efficient heating. The property sits on a nicely sized lot within a planned subdivision.
The community includes access to 5.85 acres of common area, providing additional outdoor space. The listing also notes convenient access to shopping, the airport, and outdoor recreation.
The property is presented as having an excellent rental history and functions as a residential income asset in Orrington, Maine.
The community includes access to 5.85 acres of common area, providing additional outdoor space. The listing also notes convenient access to shopping, the airport, and outdoor recreation.
The property is presented as having an excellent rental history and functions as a residential income asset in Orrington, Maine.
Key Highlights
- Duplex built in 2022 in Orrington
- Each unit offers 2 bedrooms, 1 bathroom, and a one‑car garage
- Property described as solid income‑producing with an excellent rental history
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 | $28.3k | $13.80 |
| − Vacancy | −$1.4k | −$0.71 |
| EGI | $26.8k | $13.09 |
| − OpEx | −$8.0k | −$3.93 |
| NOI | $18.8k | $9.16 |
2,048 SF · lease $13.80/SF/yr · vacancy 5.13% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$268.1K
$234.6K – $312.8K
NOI $18,769 @ 7.0% cap · market cap 3.84%
Second Best
Apartment 5plus
$246.6K
$215.8K – $287.7K
NOI $17,262 @ 7.0% cap · market cap 3.53%
Theoretical Best
Office A
$661.4K
$578.8K – $771.7K
NOI $46,301 @ 7.0% cap · market cap 9.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Well-maintained duplex with two 2-bedroom, 1-bath units and one-car garages on a sizable lot.
Where is this duplex located?
The property is located at Orrington, ME.
What is the asking price?
The asking price for this property is $489,000.
What are key features of this property?
This property features: Duplex built in 2022 in Orrington; Each unit offers 2 bedrooms, 1 bathroom, and a one‑car garage; Property described as solid income‑producing with an excellent rental history
