Riverfront Duplex with
For Sale
$475,000
211 State Park Road, Casco, ME 04015
Two residential units provide separate living areas and kitchens with shared basement space.
Property Size1,456 SF
Lot Size1.17 Acres
Price / SF$326.24
Days on Market69
Property Features for 211 State Park Road
General Information
Standard status
Active
Size
1,456 SF
Lot size
1.17 Acres
Property subtype
Multi-family
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Amenities
water frontage
dock
full basement
Building Details
Year Built
1965
Buildings
1
Listing Agency:
Realty of Maine
Listed By:
Debbi Webber
(207) 329-0210
Source:
Greatislandrealty
Added: Aug 16
Changed: Oct 21
Last Checked: Oct 23 at 10:06AM
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 Realty of Maine
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Investment Insights
Based on property information with market context.
This 1,456-square-foot duplex, built in 1965, includes two residential units on 1.17 acres. The first unit has one bedroom, one full bath, a living room, and a kitchen. The second offers two bedrooms, one full bath, a living room, and a kitchen. Both units share a full basement, while heat and hot water are included in the rent. Hot water for both apartments is supplied through the furnace.
The property includes 140 feet of owned frontage on the Crooked River, with direct access via an established path suitable for walking or driving. A dock provides access for paddling and boating, with routes toward Sebago Lake and through Songo Lock to Brandy Pond and Long Lake. Sebago Lake State Park is approximately a 5-minute drive away. The property is located at 211 State Park Rd in Casco, Maine.
The property includes 140 feet of owned frontage on the Crooked River, with direct access via an established path suitable for walking or driving. A dock provides access for paddling and boating, with routes toward Sebago Lake and through Songo Lock to Brandy Pond and Long Lake. Sebago Lake State Park is approximately a 5-minute drive away. The property is located at 211 State Park Rd in Casco, Maine.
Key Highlights
- Two‑unit duplex on 1.17 acres with 1,456 SF of building area
- 140 feet of owned water frontage on the Crooked River
- Unit 1 includes 1 bedroom, 1 full bath, living room, and kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,730
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$514,600
$514.6K
Cap Rate 7%
$367,571
$367.6K
Cap Rate 9%
$285,889
$285.9K
Market Conditions
NOI Build-Up for 1,456 SF
Gross rent
$39.3K $27.00/SF
− Vacancy
−$2.6K −$1.76/SF
EGI
$36.8K $25.25/SF
− OpEx
−$11.0K −$7.57/SF
NOI
$25.7K $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%
$514,600
Cap Rate 7%
$367,571
Cap Rate 9%
$285,889
Alternative Uses
Best Use
Multifamily LT 5
$367.6K
$321.6K – $428.8K
NOI $25,730 @ 7.0% cap · market cap 5.42%
Second Best
Apartment 5plus
$342.0K
$299.2K – $399.0K
NOI $23,938 @ 7.0% cap · market cap 5.04%
Theoretical Best
Office A
$400.2K
$350.2K – $466.9K
NOI $28,013 @ 7.0% cap · market cap 5.90%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units provide separate living areas and kitchens with shared basement space.
Where is this duplex located?
The property is located at 211 State Park Road Casco, ME.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Two‑unit duplex on 1.17 acres with 1,456 SF of building area; 140 feet of owned water frontage on the Crooked River; Unit 1 includes 1 bedroom, 1 full bath, living room, and kitchen
