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    New Englander Duplex Investment Title is generated by Realmo AI

    18 Cooks Mills Road, Casco, ME 04015

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    Claim this Listing
    New
    For Sale
    $410,000

    MULTI_FAMILY - Other - Casco, ME

    Property size:
    1,946 SF
    Lot size:
    1.05 Acres
    Price / SF:
    $210/SF
    Added:
    Jun 19, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 21 at 5:06 pm

    Property Features for 18 Cooks Mills Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    village district
    Bathrooms
    2
    Rooms
    Bathroom 2, Bathroom 1, Basement
    Parking features
    Off Street
    Patio and Porch features
    Deck, Porch
    Pets allowed
    No
    Interior features
    In-Law Apartment, 1st Floor Bedroom, Bathtub, Shower
    Basement
    Unfinished, Full
    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
    Electric (Heating), Baseboard
    Water source
    Private, Well
    Water front features
    Lake
    Water front
    1

    Building Details

    Year built
    1935
    Number of units
    2
    Flooring type
    Wood, Laminate, Hardwood
    Building materials
    Wood Frame, Vinyl Siding
    Roof type
    Composition, Fiberglass, Shingle
    Architectural style
    Other
    Additional Structures
    Outbuilding

    We can help!

    Listing Contact
    Vickie Shane

    Listing agent Vickie Shane

    Listing office EXP Realty 41 Hutchins Drive Building 3, Rangeley, ME

    Listing date Jun 19, 2026

    MLS# 1667862 Listing URL

    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.

    HighLights

    • Classic New Englander‑style home with in‑law apartment and a 1st‑floor bedroom
    • Year built 1935 with wood‑frame construction and vinyl siding
    • Private well water and private sewer with septic tank
    • Electric baseboard heating plus wood, laminate, and hardwood flooring
    • Off‑street parking with deck and porch
    • Composition, fiberglass, shingle roof

    Overview

    This for-sale duplex features classic New Englander architecture and a total building size of 1,946 square feet. The property sits on approximately 1.05 acres, offering outdoor space associated with a self-contained residential income asset.

    The home is located at 18 Cooks Mills Road in Casco, Maine, with convenient access to the Portland area and surrounding amenities. The public remarks also note proximity to Sebago Lake recreation, including boating, swimming, and hiking trails, which can be a practical draw for occupants seeking access to local outdoor activities. An open house is scheduled for 6/19/26 from 3:00 PM to 6:00 PM.

    Designed to appeal to either owner-occupants or investors, this duplex configuration can support flexible living and leasing scenarios. Buyers who are looking for a straightforward residential income property with a traditional New Englander look may find the size and lot configuration workable for an owner’s long-term use, while still retaining the ability to operate as a duplex investment. The property is listed under village district zoning.

    Local 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 (±1% cap)
    NOI $34,389 @ 7.0% cap · market cap 8.39%
    Second Best
    Apartment 5plus
    $457.0K
    $399.9K – $533.2K (±1% cap)
    NOI $31,993 @ 7.0% cap · market cap 7.80%
    Theoretical Best
    Office A
    $534.9K
    $468.0K – $624.0K (±1% cap)
    NOI $37,440 @ 7.0% cap · market cap 9.13%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Spa & Massage Center Building Supply Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Furniture & Home Goods

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Casco
    County
    Cumberland
    State
    Maine
    Longitude
    -70.558923
    Latitude
    43.985218

    FAQs

    What type of property is this?
    Duplex - Versatile New Englander-style duplex set on just over an acre with convenient access to major amenities.
    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 $410,000.
    What are key features of this property?
    This property features: Classic New Englander‑style home with in‑law apartment and a 1st‑floor bedroom; Year built 1935 with wood‑frame construction and vinyl siding; Private well water and private sewer with septic tank
    More about this property
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