2-Unit Duplex on Rural
136 Hodgdon Road, Levant, ME 04456
For Sale
$385,000
Both residences offer open living areas, two bedrooms, and heat pumps for year-round heating and cooling.
Property Size2,048 SF
Lot Size3.10 Acres
Price / SF$187.99
Days on Market131
Property Features for 136 Hodgdon Road
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
NextHome Experience
(207) 573-7400
Listed By:
Karen Day · License ME BA927333
(207) 944-4151
Source:
Amerorealty
Added: Jul 3
Changed: Nov 7
Last Checked: Nov 9 at 9:33PM
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 NextHome Experience
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Investment Insights
Based on property information with market context.
This duplex contains two residences, each with an open kitchen, dining, and living area, two bedrooms, and one full bathroom. The 2,048-square-foot building sits on 3.1 acres and is served by heat pumps and supplemental electric baseboard heat. Zoning is RA.
The property is approximately 20 minutes from Bangor.
The property is approximately 20 minutes from Bangor.
Key Highlights
- Two‑unit duplex totaling 2,048 square feet
- 3.1‑acre parcel with RA zoning
- Each residence has two bedrooms and one full bathroom
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
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
NOI $18,769 @ 7.0% cap · market cap 4.88%
Second Best
Apartment 5plus
$246.6K
$215.8K – $287.7K
NOI $17,262 @ 7.0% cap · market cap 4.48%
Theoretical Best
Office A
$661.4K
$578.8K – $771.7K
NOI $46,301 @ 7.0% cap · market cap 12.03%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
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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
$244,800
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Penobscot County, ME
Properties on Market for Duplexes in Penobscot County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer open living areas, two bedrooms, and heat pumps for year-round heating and cooling.
Where is this duplex located?
The property is located at 136 Hodgdon Road 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 totaling 2,048 square feet; 3.1‑acre parcel with RA zoning; Each residence has two bedrooms and one full bathroom
