Building Details

Building Size 1,800 SF

Year Built 1987

Stories 3

Units 2

Listing Agency: Signature Homes Real Estate Group i***@libbystarnsteam.com

Listed By: Tiffany Libby Pamela Starnes Show Phone

Source: Hayesrealestate

Added: Aug 4 Changed: Oct 29 Last Checked: Oct 29 at 2:55PM

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Investment Insights

Based on property information with market context.

This duplex contains two units, each with 900 square feet. Both feature two bedrooms and a full bathroom upstairs, with an open main-level kitchen, dining area, and living room, plus a half bath. A one-car garage for each unit is located in the basement. The property was built in 1987 and is zoned RR.

Set on 2.7 acres in Raymond, the property offers on-site parking and outdoor space. Sebago Lake, restaurants, and other amenities are a short drive away.

Key Highlights

• Two‑unit duplex totaling 1,800 square feet
• Each unit has two bedrooms and one full bathroom
• Open main‑level kitchen, dining area, and living room; half bath also included

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$31,809

Cap Rate

6.99%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$636,180 $636.2K

Cap Rate 7%

$454,414 $454.4K

Cap Rate 9%

$353,433 $353.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,800 SF

Gross rent

$48.6K $27.00/SF

− Vacancy

−$3.2K −$1.76/SF

EGI

$45.4K $25.25/SF

− OpEx

−$13.6K −$7.57/SF

NOI

$31.8K $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%

$636,180

Cap Rate 7%

$454,414

Cap Rate 9%

$353,433

Alternative Uses

Best Use

Multifamily LT 5

$454.4K

$397.6K – $530.2K (±1% cap)

NOI $31,809 @ 7.0% cap · market cap 6.99%

Second Best

Apartment 5plus

$422.8K

$369.9K – $493.2K (±1% cap)

NOI $29,593 @ 7.0% cap · market cap 6.50%

Theoretical Best

Office A

$494.7K

$432.9K – $577.2K (±1% cap)

NOI $34,631 @ 7.0% cap · market cap 7.61%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

20

Businesses Nearby

Explore this area Business Placement

Demographics for 04071, ME

4,915

Population

4,004

Households

1.2

Avg Household Size

49

Median Age

50%

College-Educated

100%

High-School Grad

37.0 sq mi

ZIP Area

133

Density / Sq Mi

$86,932

Median Household Income

$60,200

Median Earnings

$1,385

Median Rent

$368,300

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Frequently Asked Questions

What type of property is this?

Duplex - Each residence has a two-bedroom upper level, an open main floor, and a basement garage.

Where is this duplex located?

The property is located at 168 Webbs Mills Road Raymond, ME.

What is the asking price?

The asking price for this property is $455,000.

What are key features of this property?

This property features: Two‑unit duplex totaling 1,800 square feet; Each unit has two bedrooms and one full bathroom; Open main‑level kitchen, dining area, and living room; half bath also included