Duplex with Lake
For Sale
$395,000
18 Cooks Mills Road, Casco, ME 04015
MULTI_FAMILY - Other - Casco, ME
Property Size1,946 SF
Lot Size1.05 Acres
Price / SF$202.98
Days on Market24
Property Features for 18 Cooks Mills Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
village district
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bathroom 2, Bathroom 1
Parking features
Off Street
Patio and Porch features
Porch, Deck
Pets allowed
No
Interior features
In-Law Apartment, 1st Floor Bedroom, Bathtub, Shower
Basement
Full, Unfinished
Lot features
Open, Level, Near Public Beach, Near Town, Neighborhood
Standard status
Active
Size
1,946 SF
Lot size
1.05 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
3162
Utilities
Sewer type
Private Sewer, Septic Tank
Heating system
Baseboard, Electric (Heating)
Water source
Well, Private
Water front features
Lake
Water front
1
Building Details
Year built
1935
Number of units
2
Flooring type
Laminate, Hardwood, Wood
Building materials
Wood Frame, Vinyl Siding
Roof type
Fiberglass, Composition, Shingle
Architectural style
Other
Additional Structures
Outbuilding
Listing Agency:
EXP Realty
(888) 439-8743
Listed By:
Vickie Shane
(207) 590-3403
Added: Jul 13
Changed: Aug 3
Last Checked: Aug 5 at 9:06PM
MLS# 1667862
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.
Investment Insights
Based on property information with market context.
Duplex at 18 Cooks Mills Road in Casco, Maine with classic New Englander architecture, wood-frame construction, and vinyl siding. The home includes an in-law apartment and a 1st floor bedroom, along with laminate, wood, and hardwood flooring. Heating is electric with baseboard units. The property offers a porch and deck, plus off-street parking.
Set on 1.05 acres, the home is described as conveniently located near Sebago Lake and local recreation, with boating and swimming among nearby activities. Water is provided via private well, and wastewater is handled by a private sewer and septic tank. The roof is composition shingle with fiberglass materials, and the home was built in 1935.
This layout supports both owner-occupant living and flexible income use, with interior features including two bathrooms, basement space, and in-unit shower and bathtub.
Set on 1.05 acres, the home is described as conveniently located near Sebago Lake and local recreation, with boating and swimming among nearby activities. Water is provided via private well, and wastewater is handled by a private sewer and septic tank. The roof is composition shingle with fiberglass materials, and the home was built in 1935.
This layout supports both owner-occupant living and flexible income use, with interior features including two bathrooms, basement space, and in-unit shower and bathtub.
Key Highlights
- 1.05‑acre duplex property in Casco, ME
- 1946 SF duplex with classic New Englander architecture
- In‑law apartment plus 1st floor bedroom
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $52.5k | $27.00 |
| − Vacancy | −$3.4k | −$1.76 |
| EGI | $49.1k | $25.25 |
| − OpEx | −$14.7k | −$7.57 |
| NOI | $34.4k | $17.67 |
1,946 SF · lease $27.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$491.3K
$429.9K – $573.2K
NOI $34,389 @ 7.0% cap · market cap 8.71%
Second Best
Apartment 5plus
$457.0K
$399.9K – $533.2K
NOI $31,993 @ 7.0% cap · market cap 8.10%
Theoretical Best
Office A
$534.9K
$468.0K – $624.0K
NOI $37,440 @ 7.0% cap · market cap 9.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
23
Businesses Nearby
Explore this area
Business Placement
Demographics for 04015, ME
3,646
Population
2,982
Households
1.2
Avg Household Size
48
Median Age
32%
College-Educated
91%
High-School Grad
31.3 sq mi
ZIP Area
116
Density / Sq Mi
$64,229
Median Household Income
$43,870
Median Earnings
$1,214
Median Rent
$285,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex with an in-law apartment, lake proximity, electric baseboard heat, and off-street parking.
Where is this duplex located?
The property is located at 18 Cooks Mills Road Casco, ME.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 1.05‑acre duplex property in Casco, ME; 1946 SF duplex with classic New Englander architecture; In‑law apartment plus 1st floor bedroom
