Building Details

Year built 1880

Number of units 2

Flooring type Vinyl

Building materials Wood Frame, Vinyl Siding

Roof type Shingle

Listing Agency: Keller Williams Realty k***@kw.com Show Phone

Listed By: Gerald Morin Show Phone

Added: Jul 30 Changed: Sep 12 Last Checked: Sep 16 at 5:06PM

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MLS# 1673979

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 wood-frame duplex, built in 1880, contains approximately 2,500 square feet across two connected living areas. One side includes 5 bedrooms and 2 baths, while the other has 3 bedrooms and 1 bath. A large central storage area links the residences and can accommodate workshop or storage needs. Vinyl flooring, vinyl siding, and a shingle roof are among the property’s existing features.

The property occupies 6.25 acres in Buxton, Maine, with views from the site. Rural zoning applies. Water is supplied privately, and the property has private sewer. Heating includes baseboard systems with propane and oil service.

Key Highlights

• Two connected living areas with 5 bedrooms and 2 baths on one side, plus 3 bedrooms and 1 bath on the other
• 2,500 square feet of property space
• 6.25‑acre lot in Buxton, ME

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

$42,321

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

7.44%

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%

$846,420 $846.4K

Cap Rate 7%

$604,586 $604.6K

Cap Rate 9%

$470,233 $470.2K

Market Conditions

NOI Build-Up for 2,500 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

$63.6K $25.44/SF

− Vacancy

−$3.1K −$1.26/SF

EGI

$60.5K $24.18/SF

− OpEx

−$18.1K −$7.25/SF

NOI

$42.3K $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 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%

$846,420

Cap Rate 7%

$604,586

Cap Rate 9%

$470,233

Alternative Uses

Best Use

Multifamily LT 5

$604.6K

$529.0K – $705.4K (±1% cap)

NOI $42,321 @ 7.0% cap · market cap 7.44%

Second Best

Apartment 5plus

$551.9K

$483.0K – $643.9K (±1% cap)

NOI $38,636 @ 7.0% cap · market cap 6.79%

Theoretical Best

Office A

$792.5K

$693.4K – $924.6K (±1% cap)

NOI $55,474 @ 7.0% cap · market cap 9.75%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick HVAC Service Storage Facility Bakery Big Box & Wholesale Store Cafe & Coffee Shop Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

40

Businesses Nearby

Explore this area Business Placement

Demographics for 04093, ME

8,376

Population

3,906

Households

2.1

Avg Household Size

44

Median Age

31%

College-Educated

97%

High-School Grad

40.5 sq mi

ZIP Area

207

Density / Sq Mi

$85,208

Median Household Income

$53,628

Median Earnings

$1,413

Median Rent

$315,500

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Two connected living areas provide flexible residential income or multigenerational use with substantial shared storage space.

Where is this duplex located?

The property is located at 1306 Long Plains Road Buxton, ME.

What is the asking price?

The asking price for this property is $569,000.

What are key features of this property?

This property features: Two connected living areas with 5 bedrooms and 2 baths on one side, plus 3 bedrooms and 1 bath on the other; 2,500 square feet of property space; 6.25‑acre lot in Buxton, ME