Two-Unit Residential
1015 Watson Pond Road Rome, ME 04963
For Sale
$419,000
Two-unit home with a 3-bedroom, 2-bath unit and a 2-bedroom, 1-bath unit featuring open living space.
Property Size1,945 SF
Price / SF$215.42
Days on Market17
Property Features for 1015 Watson Pond Road
General Information
Standard status
Active
Size
1,945 SF
Property subtype
Multi-family
Building Details
Year Built
1962
Listing Agency:
Portside Real Estate Group
Listed By:
Linda Schultz
(603) 866-2942
Source:
Profoundrealestate
Added: Jul 13
Changed: Jul 27
Last Checked: Jul 28 at 9:42PM
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 Portside Real Estate Group
Investment Insights
Based on property information with market context.
This two-unit residential property offers two separate homes under one roof. Unit 1 features three bedrooms and two full bathrooms, along with a generous deck. A handicap-accessible ramp provides added convenience to the property. Unit 2 includes two bedrooms and one full bathroom, with a bright, open-concept kitchen and living area.
The home is located near Belgrade Lakes and is just moments from the Long Pond public boat launch and Belgrade’s public beach. It’s also close to golf, local restaurants, and markets, with year-round outdoor recreation options nearby. The property is approximately 20 minutes from Augusta.
Unit 1 is currently owner-occupied, with the second unit available as the remaining residence within the duplex configuration.
The home is located near Belgrade Lakes and is just moments from the Long Pond public boat launch and Belgrade’s public beach. It’s also close to golf, local restaurants, and markets, with year-round outdoor recreation options nearby. The property is approximately 20 minutes from Augusta.
Unit 1 is currently owner-occupied, with the second unit available as the remaining residence within the duplex configuration.
Key Highlights
- Two‑unit home built in 1962 with Unit 1 (3BR/2BA) and Unit 2 (2BR/1BA)
- Unit 1 offers 3 bedrooms and 2 full bathrooms plus a generous deck
- Unit 2 features 2 bedrooms and 1 full bathroom with an open‑concept kitchen and living area
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 authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit home with a 3-bedroom, 2-bath unit and a 2-bedroom, 1-bath unit featuring open living space.
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: Two‑unit home built in 1962 with Unit 1 (3BR/2BA) and Unit 2 (2BR/1BA); Unit 1 offers 3 bedrooms and 2 full bathrooms plus a generous deck; Unit 2 features 2 bedrooms and 1 full bathroom with an open‑concept kitchen and living area
