Two-Unit Ranch Duplex with
1015 Watson Pond Road Rome, ME 04963
New
1015 Watson Pond Road, Rome, ME, 04963
$419,000
For Sale
$419,000
MULTI_FAMILY - Ranch - Rome, ME
Property Size1,945 SF
Lot Size2.50 Acres
Price / SF$215.42
Days on Market2
Property Features for 1015 Watson Pond Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Zoning
- Rural
- Bathrooms
- 2
- Rooms
- Bathroom 2, Basement, Bathroom 1
- Patio and Porch features
- Deck
- Pets allowed
- No
- Interior features
- 1st Floor Bedroom, Bathtub, Shower
- Basement
- Sump Pump, Unfinished, Full
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- Size
- 1,945 SF
- Lot size
- 2.50 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 1777
Utilities
- Sewer type
- Septic Tank, Private Sewer
- Heating system
- Baseboard, Heat Pump (Heating), Oil, Propane (Heating), Hot Water(Heating)
- Cooling system
- Heat Pump
- Water source
- Well
Building Details
- Year built
- 1962
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Carpet, Wood
- Building materials
- Wood Frame, Wood Siding
- Roof type
- Shingle
- Architectural style
- Ranch
Listing agency
Portside Real Estate Group
(207) 495-3700
Listed by
Linda Schultz
(207) 215-9805
Added: Jul 20 Checked: Jul 21 at 1:06PM
MLS# 1672537
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 ranch-style duplex offers two independent units on a 2.5-acre lot. Unit 1 features three bedrooms and two full bathrooms, along with a generous deck. A handicap-accessible ramp provides convenience and accessibility. Unit 2 includes two bedrooms and one full bathroom, with an open-concept kitchen and living area.
The property is located at 1015 Watson Pond Road in Rome, Maine, near the Long Pond public boat launch and Belgrade’s public beach, with close proximity to recreational amenities in the Belgrade Lakes region. The listing also notes it is about 20 minutes from Augusta.
With its two distinct floorplans, the home is suited to buyers seeking a flexible residential income property or a multi-use configuration within a recreational area.
The property is located at 1015 Watson Pond Road in Rome, Maine, near the Long Pond public boat launch and Belgrade’s public beach, with close proximity to recreational amenities in the Belgrade Lakes region. The listing also notes it is about 20 minutes from Augusta.
With its two distinct floorplans, the home is suited to buyers seeking a flexible residential income property or a multi-use configuration within a recreational area.
Key Highlights
- 2‑unit property with Unit 1 offering 3 bedrooms and 2 full bathrooms, plus Unit 2 with 2 bedrooms and 1 full bathroom
- Deck included, plus 1st floor bedroom and two bathrooms in the overall layout
- Accessibility features include an accessible approach with ramp
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 | $31.5k | $16.20 |
| − Vacancy | −$479 | −$0.25 |
| EGI | $31.0k | $15.95 |
| − OpEx | −$9.3k | −$4.79 |
| NOI | $21.7k | $11.17 |
1,945 SF · lease $16.20/SF/yr · vacancy 1.52% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$310.3K
$271.5K – $362.0K
NOI $21,721 @ 7.0% cap · market cap 5.18%
Second Best
Apartment 5plus
$270.7K
$236.8K – $315.8K
NOI $18,947 @ 7.0% cap · market cap 4.52%
Theoretical Best
Warehouse
$2.90M
$2.54M – $3.39M
NOI $203,123 @ 7.0% cap · market cap 48.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Ranch-style 2-unit duplex with separate bedroom and bath layouts, including a deck and handicap-accessible ramp.
Where is this duplex located?
The property is located at 1015 Watson Pond Road Rome, ME.
What is the asking price?
The asking price for this property is $419,000.
What are key features of this property?
This property features: 2‑unit property with Unit 1 offering 3 bedrooms and 2 full bathrooms, plus Unit 2 with 2 bedrooms and 1 full bathroom; Deck included, plus 1st floor bedroom and two bathrooms in the overall layout; Accessibility features include an accessible approach with ramp
