Waterfront
For Sale
$475,000
211 State Park Road, Casco, ME 04015
Multi-Family, Casco, ME
Property Size1,456 SF
Lot Size1.17 Acres
Price / SF$326.24
Days on Market49
Property Features for 211 State Park Road
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Zoning
Residential
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bathroom 1, Bathroom 2
Pets allowed
No
Interior features
1st Floor Bedroom, Bathtub, Storage
Basement
Walk-Out Access, Full
Lot features
Level, Wooded, Near Public Beach, Neighborhood
Standard status
Active
Size
1,456 SF
Lot size
1.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2325
Utilities
Sewer type
Shared Septic, Septic Tank, Private Sewer
Heating system
Zoned, Baseboard, Oil, Hot Water(Heating)
Water source
Well, Private
Water front features
Stream
Water front
1
Amenities
water frontage
dock
established path
Building Details
Year built
1965
Floors in Building
1
Number of units
2
Flooring type
Carpet, Laminate
Building materials
Wood Frame, Vinyl Siding
Roof type
Metal
Architectural style
Ranch
Additional Structures
Storage
Listing Agency:
Realty of Maine
(207) 942-6310
Listed By:
Debbi Webber
(207) 329-0210
Added: Sep 5
Changed: Oct 16
Last Checked: Oct 23 at 6:06PM
MLS# 1679486
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.
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Investment Insights
Based on property information with market context.
This 1,456-square-foot ranch-style duplex, built in 1965, contains two separate residences on a 1.17-acre parcel. The first unit includes one bedroom, one full bathroom, a living room, and a kitchen; the second offers two bedrooms, one full bathroom, a living room, and a kitchen. Both units share a full basement. The building has wood-frame construction, vinyl siding, a metal roof, private well water, and private septic service. Heating and hot water are provided through an oil-fired, zoned baseboard system.
The property includes 140 feet of owned frontage on the Crooked River, with direct access from the parcel via an established path suitable for walking or driving. The river provides a route for paddling and boating toward Sebago Lake, with access through Songo Lock to Brandy Pond and Long Lake. Sebago Lake State Park is approximately a 5-minute drive away. Residential zoning applies.
The property includes 140 feet of owned frontage on the Crooked River, with direct access from the parcel via an established path suitable for walking or driving. The river provides a route for paddling and boating toward Sebago Lake, with access through Songo Lock to Brandy Pond and Long Lake. Sebago Lake State Park is approximately a 5-minute drive away. Residential zoning applies.
Key Highlights
- Two‑unit duplex with 1,456 square feet of building area
- 1.17‑acre parcel with 140 feet of owned Crooked River frontage
- Unit mix includes one 1‑bedroom unit and one 2‑bedroom unit
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
11
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with direct Crooked River access and a shared basement.
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 with 1,456 square feet of building area; 1.17‑acre parcel with 140 feet of owned Crooked River frontage; Unit mix includes one 1‑bedroom unit and one 2‑bedroom unit
