Building Details

Year Built 1920

Listed By: Kathy Gallant Show Phone

Source: Gre207

Added: Sep 28 Changed: Oct 10 Last Checked: Oct 14 at 11:04PM

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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 Kathy Gallant

Investment Insights

Based on property information with market context.

This 2,166-square-foot duplex, built in 1920, contains two separate living quarters. One occupies the first and second floors; the other is entirely on the first floor. Each dwelling has its own driveway, providing separate vehicle access.

The property is at 137 Cobbossee Rd in Monmouth, Maine, just outside the town center and near town amenities.

Key Highlights

• 2,166 square feet of building area
• Built in 1920
• Two separate living quarters, with one across the first and second floors and the other on the first floor

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$24,189

Cap Rate

7.58%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$483,780 $483.8K

Cap Rate 7%

$345,557 $345.6K

Cap Rate 9%

$268,767 $268.8K

Market Conditions

NOI Build-Up for 2,166 SF

Gross rent

$35.1K $16.20/SF

− Vacancy

−$533 −$0.25/SF

EGI

$34.6K $15.95/SF

− OpEx

−$10.4K −$4.79/SF

NOI

$24.2K $11.17/SF

Area

Kennebec County, ME

Vacancy

1.52%

Lease Rate

$16.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$483,780

Cap Rate 7%

$345,557

Cap Rate 9%

$268,767

Alternative Uses

Best Use

Multifamily LT 5

$345.6K

$302.4K – $403.2K (±1% cap)

NOI $24,189 @ 7.0% cap · market cap 7.58%

Second Best

Apartment 5plus

$301.4K

$263.8K – $351.7K (±1% cap)

NOI $21,100 @ 7.0% cap · market cap 6.61%

Theoretical Best

Warehouse

$3.23M

$2.83M – $3.77M (±1% cap)

NOI $226,202 @ 7.0% cap · market cap 70.91%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Building Supply Auto Repair Shop Furniture & Home Goods Garden Center Computer & Electronic Repair Real Estate Agency

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

2

Residential units

Location Intelligence

Trade Area within ½ mile

14

Businesses Nearby

Explore this area Business Placement

Demographics for 04259, ME

3,179

Population

1,890

Households

1.7

Avg Household Size

47

Median Age

36%

College-Educated

97%

High-School Grad

29.0 sq mi

ZIP Area

110

Density / Sq Mi

$94,868

Median Household Income

$38,789

Median Earnings

$1,192

Median Rent

$282,300

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?

Frequently Asked Questions

What type of property is this?

Duplex - Two dwellings have distinct access, with one spanning two floors and the other arranged on a single level.

Where is this duplex located?

The property is located at 137 Cobbossee Rd Monmouth, ME.

What is the asking price?

The asking price for this property is $319,000.

What are key features of this property?

This property features: 2,166 square feet of building area; Built in 1920; Two separate living quarters, with one across the first and second floors and the other on the first floor