Two-Home Duplex
1 Rising Tide Dr, York, ME 03909
For Sale
New
$975,000
Two separate residences offer a four-bedroom and a two-bedroom layout, with RT 1-1 zoning.
Property Size2,328 SF
Price / SF$418.81
Days on Market2
Property Features for 1 Rising Tide Dr
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Building Details
Year Built
Buildings
Listing Agency:
Berkshire Hathaway HomeServices Verani Realty
Listed By:
Erica Van Dissel
(207) 475-5334
Source:
Aroostookrealestate
Added: Nov 12
Last Checked: Aug 25 at 4:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices Verani Realty
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Investment Insights
Based on property information with market context.
Built in 2021, this duplex property contains two residences totaling 2,328 square feet. One home has four bedrooms and the other has two. Both feature hardwood floors, custom finishes, heat pumps, and bright, contemporary living areas. The property also includes a private backyard, ample parking, and an outbuilding suited to storage or other uses.
At 1 Rising Tide Drive in York, the property sits just off Route 1. Beaches, restaurants, shopping, golf, and everyday amenities are minutes away, with access to Portsmouth, Portland, and the greater Seacoast. Zoning is RT 1-1.
At 1 Rising Tide Drive in York, the property sits just off Route 1. Beaches, restaurants, shopping, golf, and everyday amenities are minutes away, with access to Portsmouth, Portland, and the greater Seacoast. Zoning is RT 1-1.
Key Highlights
- Two residences: one with 4 bedrooms and one with 2 bedrooms
- 2,328 square feet of building area
- Built in 2021
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,409
Cap Rate
4.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$788,180
$788.2K
Cap Rate 7%
$562,986
$563.0K
Cap Rate 9%
$437,878
$437.9K
Market Conditions
NOI Build-Up for 2,328 SF
Gross rent
$59.2K $25.44/SF
− Vacancy
−$2.9K −$1.26/SF
EGI
$56.3K $24.18/SF
− OpEx
−$16.9K −$7.25/SF
NOI
$39.4K $16.93/SF
Area
York County, ME
Vacancy
4.94%
Lease Rate
$25.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$788,180
Cap Rate 7%
$562,986
Cap Rate 9%
$437,878
Alternative Uses
Best Use
Multifamily LT 5
$563.0K
$492.6K – $656.8K
NOI $39,409 @ 7.0% cap · market cap 4.04%
Second Best
Apartment 5plus
$514.0K
$449.7K – $599.6K
NOI $35,978 @ 7.0% cap · market cap 3.69%
Theoretical Best
Office A
$738.0K
$645.7K – $861.0K
NOI $51,658 @ 7.0% cap · market cap 5.30%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
Explore this area
Business Placement
Demographics for 03909, ME
10,938
Population
7,101
Households
1.5
Avg Household Size
53
Median Age
50%
College-Educated
98%
High-School Grad
35.2 sq mi
ZIP Area
311
Density / Sq Mi
$108,889
Median Household Income
$55,540
Median Earnings
$1,438
Median Rent
$589,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in York County, ME
Properties on Market for Duplexes in York County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer a four-bedroom and a two-bedroom layout, with RT 1-1 zoning.
Where is this duplex located?
The property is located at 1 Rising Tide Dr York, ME.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Two residences: one with 4 bedrooms and one with 2 bedrooms; 2,328 square feet of building area; Built in 2021
