Newer Four-Unit
New
For Sale
$1,075,000
1159 Pequawket Trail, Standish, ME 04085
Multi-Family, Standish, ME
Property Size4,896 SF
Lot Size2.50 Acres
Price / SF$219.57
Days on Market4
Property Features for 1159 Pequawket Trail
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Industrial
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Basement, Bathroom 2, Bathroom 4, Bathroom 1
Parking features
Open
Patio and Porch features
Porch
Interior features
Bathtub
Basement
Full
Lot features
Well Landscaped, Open, Level, Rural
Standard status
Active
Size
4,896 SF
Lot size
2.50 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8019
Utilities
Sewer type
Septic Tank, Private Sewer
Heating system
Forced Air, Natural Gas, Heat Pump (Heating)
Cooling system
Heat Pump
Water source
Public
Building Details
Year built
2023
Floors in Building
2
Number of units
4
Flooring type
Vinyl, Carpet
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Colonial, Contemporary
Additional Structures
Outbuilding
Listing Agency:
Keller Williams Realty
(207) 879-9800
Listed By:
Malachi Winslow · License #925500
(207) 740-8577
Added: Sep 9
Changed: Sep 11
Last Checked: Sep 12 at 3:06AM
MLS# 1679924
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 four-unit quadplex contains 4,896 square feet and was built in 2023. Each residence offers two bedrooms, one full bathroom, one half bathroom, separate utility metering, and a combination of carpet and vinyl flooring. Heat pump systems provide heating and cooling, while the building also features wood-frame construction, vinyl siding, shingle roofing, porches, and public water service. The property is currently owner occupied and includes open parking.
Set on 2.5 acres at 1159 Pequawket Trail in Standish, Maine, the property is zoned Industrial and uses a private sewer system with septic tank. A three-car garage constructed in 2017 provides additional on-site functionality. The contemporary and Colonial-style improvements offer a recently built multifamily configuration with four separately metered residences.
Set on 2.5 acres at 1159 Pequawket Trail in Standish, Maine, the property is zoned Industrial and uses a private sewer system with septic tank. A three-car garage constructed in 2017 provides additional on-site functionality. The contemporary and Colonial-style improvements offer a recently built multifamily configuration with four separately metered residences.
Key Highlights
- Four units, each with 2 bedrooms, 1 full bathroom, and 1 half bathroom
- 4,896 square feet on 2.5 acres
- Built in 2023 with wood‑frame construction and vinyl siding
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$86,520
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.05%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,730,400
$1.7M
Cap Rate 7%
$1,236,000
$1.2M
Cap Rate 9%
$961,333
$961.3K
Market Conditions
NOI Build-Up for 4,896 SF
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.
Gross rent
$132.2K $27.00/SF
− Vacancy
−$8.6K −$1.76/SF
EGI
$123.6K $25.25/SF
− OpEx
−$37.1K −$7.57/SF
NOI
$86.5K $17.67/SF
Area
Cumberland County, ME
Vacancy
6.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,730,400
Cap Rate 7%
$1,236,000
Cap Rate 9%
$961,333
Alternative Uses
Best Use
Multifamily LT 5
$1.24M
$1.08M – $1.44M
NOI $86,520 @ 7.0% cap · market cap 8.05%
Second Best
Apartment 5plus
$1.15M
$1.01M – $1.34M
NOI $80,493 @ 7.0% cap · market cap 7.49%
Theoretical Best
Office A
$1.35M
$1.18M – $1.57M
NOI $94,197 @ 7.0% cap · market cap 8.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
25
Businesses Nearby
Explore this area
Business Placement
Demographics for 04085, ME
1,991
Population
1,049
Households
1.9
Avg Household Size
42
Median Age
19%
College-Educated
93%
High-School Grad
15.2 sq mi
ZIP Area
131
Density / Sq Mi
$88,739
Median Household Income
$58,025
Median Earnings
$986
Median Rent
$275,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Quadplex - Contemporary multifamily property with individually metered units and a detached three-car garage.
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 $1,075,000.
What are key features of this property?
This property features: Four units, each with 2 bedrooms, 1 full bathroom, and 1 half bathroom; 4,896 square feet on 2.5 acres; Built in 2023 with wood‑frame construction and vinyl siding
