Duplex with Attached
New
For Sale
$425,000
228 Emerson Mill Road, Hampden, ME 04444
Multi-Family, Hampden, ME
Property Size2,640 SF
Lot Size2.10 Acres
Price / SF$160.98
Days on Market1
Property Features for 228 Emerson Mill Road
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Zoning
Rural
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Basement, Bathroom 1
Parking features
Off Street, Open, Underground/Basement
Patio and Porch features
Deck
Interior features
Bathtub, Shower, Storage, Primary Bedroom w/Bath
Basement
Daylight, Walk-Out Access, Full, Finished
Lot features
Open, Level, Near Turnpike/ Interstate, Near Town, Rural
Standard status
Active
Size
2,640 SF
Lot size
2.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7441
Utilities
Sewer type
Private Sewer, Septic Tank
Heating system
Hot Water(Heating), Oil, Zoned, Baseboard
Water source
Private, Well
Amenities
back deck
Building Details
Year built
2003
Floors in Building
2
Number of units
2
Flooring type
Tile, Carpet, Laminate, Vinyl
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Ranch
Additional Structures
Storage
Buildings
1
Listing Agency:
Portside Real Estate Group
(207) 607-5965
Listed By:
Brenton Sawyer
(207) 756-5135
Added: Nov 6
Last Checked: Nov 6 at 1:06PM
MLS# 1687049
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.
Built in 2003, this ranch-style duplex contains 2,640 square feet across two residences. Each unit has two bedrooms, 1.5 bathrooms, a family room, an attached one-car garage, and a deck. The property occupies 2.1 acres and has Rural zoning.
Building systems include zoned hot-water baseboard heat fueled by oil. Water is supplied by a private well, and wastewater is handled by a private septic system. The property is in Hampden, with access to I-95 and proximity to Bangor.
Building systems include zoned hot-water baseboard heat fueled by oil. Water is supplied by a private well, and wastewater is handled by a private septic system. The property is in Hampden, with access to I-95 and proximity to Bangor.
Key Highlights
- Two units, each with 2 bedrooms and 1.5 bathrooms
- 2,640 square feet on 2.1 acres
- Attached one‑car garage and deck at each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,194
Cap Rate
5.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$483,880
$483.9K
Cap Rate 7%
$345,629
$345.6K
Cap Rate 9%
$268,822
$268.8K
Market Conditions
NOI Build-Up for 2,640 SF
Gross rent
$36.4K $13.80/SF
− Vacancy
−$1.9K −$0.71/SF
EGI
$34.6K $13.09/SF
− OpEx
−$10.4K −$3.93/SF
NOI
$24.2K $9.16/SF
Area
Penobscot County, ME
Vacancy
5.13%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$483,880
Cap Rate 7%
$345,629
Cap Rate 9%
$268,822
Alternative Uses
Best Use
Multifamily LT 5
$345.6K
$302.4K – $403.2K
NOI $24,194 @ 7.0% cap · market cap 5.69%
Second Best
Apartment 5plus
$317.9K
$278.2K – $370.9K
NOI $22,252 @ 7.0% cap · market cap 5.24%
Theoretical Best
Office A
$852.6K
$746.1K – $994.8K
NOI $59,685 @ 7.0% cap · market cap 14.04%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
9
Businesses Nearby
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Business Placement
Demographics for 04444, ME
9,304
Population
3,936
Households
2.4
Avg Household Size
42
Median Age
46%
College-Educated
98%
High-School Grad
69.0 sq mi
ZIP Area
135
Density / Sq Mi
$102,922
Median Household Income
$52,845
Median Earnings
$1,019
Median Rent
$270,900
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Penobscot County, ME
Properties on Market for Duplexes in Penobscot County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have two bedrooms, a deck, and an attached garage for one vehicle.
Where is this duplex located?
The property is located at 228 Emerson Mill Road Hampden, ME.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1.5 bathrooms; 2,640 square feet on 2.1 acres; Attached one‑car garage and deck at each unit
