Duplex with Separate
New
For Sale
$319,000
137 Cobbossee Road, Monmouth, ME 04259
Multi-Family, Monmouth, ME
Property Size2,166 SF
Lot Size2.00 Acres
Price / SF$147.28
Days on Market3
Property Features for 137 Cobbossee Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Resource District
Bathrooms
3
Full bathrooms
3
Rooms
Basement, Bathroom 2, Bathroom 1, Bathroom 3
Patio and Porch features
Patio, Porch
Interior features
Shower, Primary Bedroom w/Bath
Basement
Dirt Floor, Unfinished
Lot features
Open, Level, Near Shopping, Near Town, Suburban
Standard status
Active
Size
2,166 SF
Lot size
2.00 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3981
Utilities
Sewer type
Septic Tank, Private Sewer
Heating system
Propane (Heating)
Water source
Private, Well
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Flooring type
Wood, Vinyl, Carpet
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Contemporary
Listing Agency:
Allied Realty
Listed By:
Aaron Bolster
(207) 474-9553
Added: Oct 15
Changed: Oct 16
Last Checked: Oct 17 at 7:06PM
MLS# 1682040
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.
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Investment Insights
Based on property information with market context.
This 2,166-square-foot duplex sits on 2 acres and has two separate driveways. The 1920-built property includes a basement, three bathrooms, a primary bedroom with a bath, and a shower. Interior finishes include wood, carpet, and vinyl flooring; the exterior is wood frame with vinyl siding. Heating is propane, with a private well and septic system.
Set just outside Monmouth, the property is approximately 30 minutes from Lewiston, Gardiner, and Augusta. Its zoning is Resource District.
Set just outside Monmouth, the property is approximately 30 minutes from Lewiston, Gardiner, and Augusta. Its zoning is Resource District.
Key Highlights
- 2,166‑square‑foot duplex on 2 acres
- Two separate driveways
- Built in 1920
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
NOI $24,189 @ 7.0% cap · market cap 7.58%
Second Best
Apartment 5plus
$301.4K
$263.8K – $351.7K
NOI $21,100 @ 7.0% cap · market cap 6.61%
Theoretical Best
Warehouse
$3.23M
$2.83M – $3.77M
NOI $226,202 @ 7.0% cap · market cap 70.91%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
8
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The property includes two separate driveways, along with a porch and patio.
Where is this duplex located?
The property is located at 137 Cobbossee Road 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‑foot duplex on 2 acres; Two separate driveways; Built in 1920
