Well-Maintained Duplex Income
Orrington, ME 04474 Orrington, ME 04474
Orrington, ME, 04474
$489,000
For Sale
$489,000
COMMERCIAL - Orrington, ME
Property Size1,792 SF
Price / SF$272.88
Days on Market221
Property Features
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Size
- 1,792 SF
Building Details
- Year built
- 2021
Listing agency
Ellsworth, Maine
(207) 667-7423
Listed by
Stacy White
(207) 812-7911
Added: Dec 12, 2025 Updated: Jul 20 at 4:09PM Checked: Jul 21 at 5:06PM
MLS# 1646502
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 two separate units, each with 2 bedrooms and 1 bathroom. The property is described as having efficient heating and is set on a nicely sized lot.
The duplex is located in a well-planned subdivision in Orrington, Maine, with convenient access noted to shopping, the airport, and outdoor recreation.
In addition to the lot, the property includes ownership of an abutting 5.85-acre common area, providing added outdoor space for residents.
The duplex is located in a well-planned subdivision in Orrington, Maine, with convenient access noted to shopping, the airport, and outdoor recreation.
In addition to the lot, the property includes ownership of an abutting 5.85-acre common area, providing added outdoor space for residents.
Key Highlights
- Duplex built in 2021 in Orrington
- Each unit offers 2 bedrooms and 1 bath
- Efficient heating in each unit
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 | $24.7k | $13.80 |
| − Vacancy | −$1.3k | −$0.71 |
| EGI | $23.5k | $13.09 |
| − OpEx | −$7.0k | −$3.93 |
| NOI | $16.4k | $9.16 |
1,792 SF · lease $13.80/SF/yr · vacancy 5.13% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$234.6K
$205.3K – $273.7K
NOI $16,423 @ 7.0% cap · market cap 3.36%
Second Best
Apartment 5plus
$215.8K
$188.8K – $251.8K
NOI $15,105 @ 7.0% cap · market cap 3.09%
Theoretical Best
Office A
$578.8K
$506.4K – $675.2K
NOI $40,514 @ 7.0% cap · market cap 8.29%
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?
Duplex - A maintained duplex with two 2-bedroom, 1-bath units and efficient heating on a nicely sized 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 2021 in Orrington; Each unit offers 2 bedrooms and 1 bath; Efficient heating in each unit
