Building Details

Year Built 1964

Construction ranch-style

Listed By: Kathy Gallant Show Phone

Source: Gre207

Added: Aug 21 Changed: Oct 14 Last Checked: Oct 16 at 8:37AM

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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

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Investment Insights

Based on property information with market context.

This duplex property combines a ranch-style home with an accessory dwelling unit positioned above the garage. The attached garage includes a half bath and a kitchen area, while an in-ground pool adds an additional on-site amenity. Separate septic systems serve the main house and apartment, and the heating systems are separated as well. The property also includes a substantial outbuilding and shed that may support additional rental arrangements, subject to applicable requirements.

Located at 150 Ossipee Trl E in Standish, Maine, the property includes six acres of land. Built in 1964, the residence offers a multi-unit layout with distinct spaces for occupancy, household use, or rental purposes as permitted.

Key Highlights

• Duplex with ranch‑style home and ADU above the garage
• 6 acres of land convey with the property
• Separate septic tanks serve the house and apartment

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$37,216

Cap Rate

5.65%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$744,320 $744.3K

Cap Rate 7%

$531,657 $531.7K

Cap Rate 9%

$413,511 $413.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,106 SF

Gross rent

$56.9K $27.00/SF

− Vacancy

−$3.7K −$1.76/SF

EGI

$53.2K $25.25/SF

− OpEx

−$15.9K −$7.57/SF

NOI

$37.2K $17.67/SF

Area

Cumberland County, ME

Vacancy

6.50%

Lease Rate

$27.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$744,320

Cap Rate 7%

$531,657

Cap Rate 9%

$413,511

Alternative Uses

Best Use

Multifamily LT 5

$531.7K

$465.2K – $620.3K (±1% cap)

NOI $37,216 @ 7.0% cap · market cap 5.65%

Second Best

Apartment 5plus

$494.6K

$432.8K – $577.1K (±1% cap)

NOI $34,624 @ 7.0% cap · market cap 5.25%

Theoretical Best

Office A

$578.8K

$506.5K – $675.3K (±1% cap)

NOI $40,518 @ 7.0% cap · market cap 6.15%

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 HVAC Service (Bike/Boat/Book/etc) Store Barber Shop Computer & Electronic Repair Veterinary Clinic

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

101

Businesses Nearby

Explore this area Business Placement

Demographics for 04084, ME

8,253

Population

3,710

Households

2.2

Avg Household Size

43

Median Age

38%

College-Educated

96%

High-School Grad

43.8 sq mi

ZIP Area

188

Density / Sq Mi

$103,086

Median Household Income

$38,839

Median Earnings

$972

Median Rent

$334,800

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Ranch-style duplex configuration with an ADU, attached garage, separate heating, and six acres of land.

Where is this duplex located?

The property is located at 150 Ossipee Trl E Standish, ME.

What is the asking price?

The asking price for this property is $659,000.

What are key features of this property?

This property features: Duplex with ranch‑style home and ADU above the garage; 6 acres of land convey with the property; Separate septic tanks serve the house and apartment