Furnished Two-Unit
12 Tripoli Avenue, Old Orchard Beach, ME 04064
For Sale
$1,595,000
Separate residences offer distinct bedroom layouts, in-unit laundry, and furnished interiors.
Property Size2,835 SF
Price / SF$562.61
Days on Market88
Property Features for 12 Tripoli Avenue
General Information
Standard status
Size
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Additional Details
Furnished
Sprinkler System
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
off-street parking
large attic space
deck
washer and dryer
shed
1st Floor Bedroom
Attic
Bathtub
Pantry
Shower
Storage
Primary Bedroom w/Bath
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Plowman Realty Group
(207) 282-5000
Listed By:
Meghan Kerry
(207) 590-0836
Source:
Amerorealty
Added: Aug 14
Changed: Nov 8
Last Checked: Nov 8 at 7:25PM
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 Plowman Realty Group
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Investment Insights
Based on property information with market context.
This 2005 duplex contains two furnished residences within 2,835 square feet. The first-floor unit has two bedrooms, one full bathroom, and a washer and dryer. The upper residence spans the second and third floors and includes four bedrooms, three full bathrooms, and its own washer and dryer. Additional features include a spacious deck, attic area, storage shed, full sprinkler system, and off-street parking for both units. The property is described as being in good condition, and Airbnb rentals are allowed.
The property is at 12 Tripoli Avenue in Old Orchard Beach, near the beach and downtown, with shopping, golf, and boating nearby. Zoning is R-3. The lower unit has been rented year-round, while the upper unit has had summer weekly rentals and winter rentals from September through May. Neither unit currently has a lease.
The property is at 12 Tripoli Avenue in Old Orchard Beach, near the beach and downtown, with shopping, golf, and boating nearby. Zoning is R-3. The lower unit has been rented year-round, while the upper unit has had summer weekly rentals and winter rentals from September through May. Neither unit currently has a lease.
Key Highlights
- Two‑unit duplex with 2,835 square feet; built in 2005
- Lower unit: 2 bedrooms, 1 full bathroom, washer and dryer
- Upper unit spans the second and third floors, with 4 bedrooms and 3 full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,992
Cap Rate
3.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$959,840
$959.8K
Cap Rate 7%
$685,600
$685.6K
Cap Rate 9%
$533,244
$533.2K
Market Conditions
NOI Build-Up for 2,835 SF
Gross rent
$72.1K $25.44/SF
− Vacancy
−$3.6K −$1.26/SF
EGI
$68.6K $24.18/SF
− OpEx
−$20.6K −$7.25/SF
NOI
$48.0K $16.93/SF
Area
York County, ME
Vacancy
4.94%
Lease Rate
$25.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$959,840
Cap Rate 7%
$685,600
Cap Rate 9%
$533,244
Alternative Uses
Best Use
Multifamily LT 5
$685.6K
$599.9K – $799.9K
NOI $47,992 @ 7.0% cap · market cap 3.01%
Second Best
Apartment 5plus
$625.9K
$547.7K – $730.2K
NOI $43,813 @ 7.0% cap · market cap 2.75%
Theoretical Best
Office A
$898.7K
$786.4K – $1.05M
NOI $62,908 @ 7.0% cap · market cap 3.94%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
192
Businesses Nearby
Explore this area
Business Placement
Demographics for 04064, ME
8,452
Population
6,783
Households
1.2
Avg Household Size
53
Median Age
40%
College-Educated
96%
High-School Grad
6.7 sq mi
ZIP Area
1,261
Density / Sq Mi
$66,689
Median Household Income
$42,532
Median Earnings
$1,142
Median Rent
$312,700
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in York County, ME
Properties on Market for Duplexes in York County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate residences offer distinct bedroom layouts, in-unit laundry, and furnished interiors.
Where is this duplex located?
The property is located at 12 Tripoli Avenue Old Orchard Beach, ME.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,835 square feet; built in 2005; Lower unit: 2 bedrooms, 1 full bathroom, washer and dryer; Upper unit spans the second and third floors, with 4 bedrooms and 3 full bathrooms
