Duplex with Two-Car
For Sale
$205,000
205 Riverside Drive, Eddington, ME 04428
Two separate residences occupy one lot with garage storage and parking available to either residence.
Property Size1,000 SF
Days on Market122
Property Features for 205 Riverside Drive
General Information
Standard status
Active
Size
1,000 SF
Total Parking Spaces
2
Property subtype
Commercial
Additional Details
Multifamily Units
2
Building Details
Building Size
1,000 SF
Year Built
1989
Listing Agency:
NextHome Experience
(207) 974-9885
Listed By:
Wendy Currier · License #BA909590,PersonLicenseNumber
(207) 974-9885
Source:
Startpoint
Added: Apr 7
Changed: Jul 31
Last Checked: Aug 5 at 1:31PM
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 NextHome Experience
Investment Insights
Based on property information with market context.
This duplex property includes two distinct dwellings on a single lot: a tiny house and a mobile home. The separate living spaces provide distinct residential accommodations within one property. A two-car garage features storage and parking for either residence. The property was built in 1989 and is located at 205 Riverside Drive in Eddington, Maine.
Key Highlights
- Two distinct dwellings: a tiny house and a mobile home
- Separate living spaces on a single lot
- Two car garage with storage and parking for either residence
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 | $13.8k | $13.80 |
| − Vacancy | −$708 | −$0.71 |
| EGI | $13.1k | $13.09 |
| − OpEx | −$3.9k | −$3.93 |
| NOI | $9.2k | $9.16 |
1,000 SF · lease $13.80/SF/yr · vacancy 5.13% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$130.9K
$114.6K – $152.7K
NOI $9,164 @ 7.0% cap · market cap 4.47%
Second Best
Apartment 5plus
$120.4K
$105.4K – $140.5K
NOI $8,429 @ 7.0% cap · market cap 4.11%
Theoretical Best
Office A
$323.0K
$282.6K – $376.8K
NOI $22,608 @ 7.0% cap · market cap 11.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
51
Businesses Nearby
Explore this area
Business Placement
Demographics for 04428, ME
3,034
Population
1,526
Households
2
Avg Household Size
47
Median Age
28%
College-Educated
92%
High-School Grad
59.5 sq mi
ZIP Area
51
Density / Sq Mi
$74,784
Median Household Income
$38,696
Median Earnings
$1,140
Median Rent
$213,700
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 - Two separate residences occupy one lot with garage storage and parking available to either residence.
Where is this duplex located?
The property is located at 205 Riverside Drive Eddington, ME.
What is the asking price?
The asking price for this property is $205,000.
What are key features of this property?
This property features: Two distinct dwellings: a tiny house and a mobile home; Separate living spaces on a single lot; Two car garage with storage and parking for either residence
