Building Details

Year Built 2018

Listing Agency: NextHome Experience

Listed By: Karen Day · License #BA927333,PersonLicenseNumber Show Phone

Source: Profoundrealestate

Added: Jul 3 Changed: Nov 5 Last Checked: Nov 4 at 4:28PM

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Investment Insights

Based on property information with market context.

Built in 2018, this duplex contains 2,048 square feet across two residential units on 3.1 private acres. Each unit provides an open-plan arrangement connecting the kitchen, dining area, and living room, along with two bedrooms and one full bathroom. Heat pumps supply heating and cooling, with electric baseboard systems available for supplemental warmth.

The property is located at 11 Moline Lane in Levant, approximately 20 minutes from Bangor. Its rural setting offers private acreage while retaining access to the Bangor area. The two-unit configuration supports either continued rental use or an owner-occupied arrangement with a separate residential unit.

Key Highlights

• Two‑unit duplex with 2,048 square feet of total property size
• Built in 2018
• Situated on 3.1 private acres in Levant, ME

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$18,769

Cap Rate

4.88%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$375,380 $375.4K

Cap Rate 7%

$268,129 $268.1K

Cap Rate 9%

$208,544 $208.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,048 SF

Gross rent

$28.3K $13.80/SF

− Vacancy

−$1.4K −$0.71/SF

EGI

$26.8K $13.09/SF

− OpEx

−$8.0K −$3.93/SF

NOI

$18.8K $9.16/SF

Area

Penobscot County, ME

Vacancy

5.13%

Lease Rate

$13.80 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$375,380

Cap Rate 7%

$268,129

Cap Rate 9%

$208,544

Alternative Uses

Best Use

Multifamily LT 5

$268.1K

$234.6K – $312.8K (±1% cap)

NOI $18,769 @ 7.0% cap · market cap 4.88%

Second Best

Apartment 5plus

$246.6K

$215.8K – $287.7K (±1% cap)

NOI $17,262 @ 7.0% cap · market cap 4.48%

Theoretical Best

Office A

$661.4K

$578.8K – $771.7K (±1% cap)

NOI $46,301 @ 7.0% cap · market cap 12.03%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

2

Businesses Nearby

Explore this area Business Placement

Demographics for 04456, ME

2,940

Population

1,299

Households

2.3

Avg Household Size

39

Median Age

19%

College-Educated

95%

High-School Grad

30.1 sq mi

ZIP Area

98

Density / Sq Mi

$75,917

Median Household Income

$41,689

Median Earnings

$1,240

Median Rent

$244,800

Median Home Value

Market

Average Price Trend$/SF for Duplexes in Penobscot County, ME

$169 Jul

$157 Aug

$149 Sep

$146 Oct

Properties on Market for Duplexes in Penobscot County

Jul

Aug

Sep

Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two residential units feature open living areas, modern finishes, and heat-pump systems in a rural setting near Bangor.

Where is this duplex located?

The property is located at 11 Moline Lane Levant, ME.

What is the asking price?

The asking price for this property is $385,000.

What are key features of this property?

This property features: Two‑unit duplex with 2,048 square feet of total property size; Built in 2018; Situated on 3.1 private acres in Levant, ME