Four-Unit Residential Income
1159 Pequawket Trail Standish, ME 04085
1159 Pequawket Trail, Standish, ME, 04085
$1,260,000
For Sale
$1,260,000
Four-unit property built in 2023 with individual utilities, plus a three-bay garage built in 2017.
Property Size4,896 SF
Lot Size2.00 Acres
Price / SF$257.35
Days on Market47
Property Features for 1159 Pequawket Trail
General Information
- Standard status
- Active
- Size
- 4,896 SF
- Lot size
- 2.00 Acres
- Property subtype
- Multi-Family
Building Details
- Year Built
- 2023
Listing agency
Keller Williams Realty
(207) 553-2427
Listed by
Tammy Richard
(207) 553-2427
Source
Compass
Added: Jun 6 Updated: Jul 22 at 1:46AM Checked: Jul 22 at 7:37AM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This four-unit residential income property includes construction completed in 2023 and a separate three-bay garage constructed in 2017. The layout is described as well planned for each unit, and the property is reported to still feel and look new. Firewalls extend to the roof, and the building is equipped with a sprinkler and fire system that is installed and inspected regularly. Each unit has its own foundation, and each unit has its own utilities except for water and sewer, with Lenox gas fired heat pumps providing heat and air conditioning.
The property is described as located in a commercial zone. The seller indicates there is an additional two-acre parcel contiguous to the property and on the same deed, and that discussions with the town have been completed regarding the ability to build on the additional land.
The seller’s stated opportunity centers on low-maintenance, relatively newer construction and the option to add development on the adjoining parcel, subject to town discussions and approvals.
The property is described as located in a commercial zone. The seller indicates there is an additional two-acre parcel contiguous to the property and on the same deed, and that discussions with the town have been completed regarding the ability to build on the additional land.
The seller’s stated opportunity centers on low-maintenance, relatively newer construction and the option to add development on the adjoining parcel, subject to town discussions and approvals.
Key Highlights
- Four‑unit property built in 2023 with a three‑bay garage built in 2017
- Each unit has its own utilities (water and sewer shared) for tenant‑by‑tenant management
- Firewalls extend to the roof, with each unit on its own foundation
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 | $132.2k | $27.00 |
| − Vacancy | −$8.6k | −$1.76 |
| EGI | $123.6k | $25.25 |
| − OpEx | −$37.1k | −$7.57 |
| NOI | $86.5k | $17.67 |
4,896 SF · lease $27.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.24M
$1.08M – $1.44M
NOI $86,520 @ 7.0% cap · market cap 6.87%
Second Best
Apartment 5plus
$1.15M
$1.01M – $1.34M
NOI $80,493 @ 7.0% cap · market cap 6.39%
Theoretical Best
Office A
$1.35M
$1.18M – $1.57M
NOI $94,197 @ 7.0% cap · market cap 7.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four-unit property built in 2023 with individual utilities, plus a three-bay garage built in 2017.
Where is this quadplex located?
The property is located at 1159 Pequawket Trail Standish, ME.
What is the asking price?
The asking price for this property is $1,260,000.
What are key features of this property?
This property features: Four‑unit property built in 2023 with a three‑bay garage built in 2017; Each unit has its own utilities (water and sewer shared) for tenant‑by‑tenant management; Firewalls extend to the roof, with each unit on its own foundation
