Lake-View
26 Jamesport Road, Casco, ME 04015
For Sale
$385,000
Two residences offer separate electrical service, heating systems, and driveways.
Property Size1,800 SF
Price / SF$213.89
Days on Market129
Property Features for 26 Jamesport Road
General Information
Standard status
Size
Property subtype
Zoning
Property Condition
Severity
Evidence
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Utilities to Site
Taxes and HOA fees
Annual Taxes
Amenities
shared beach
private dock area
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Plowman Realty Group
(207) 776-2130
Listed By:
Kiana N Kane David M. Kane
(207) 831-0106
Source:
Amerorealty
Added: Jul 5
Changed: Nov 7
Last Checked: Nov 9 at 7:21PM
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 Plowman Realty Group
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Investment Insights
Based on property information with market context.
This 1,800-square-foot duplex, built in 1975, contains two distinct residences: a two-story, two-bedroom unit with one full bath and a single-level, one-bedroom unit. Each residence has its own electrical service, heating system, and driveway. The property requires work.
Set on the shores of Big Sebago Lake, the property has lake views from nearly every window, access to 200 feet of shared beach, and a private dock area. The zoning designation is R.
Set on the shores of Big Sebago Lake, the property has lake views from nearly every window, access to 200 feet of shared beach, and a private dock area. The zoning designation is R.
Key Highlights
- Two residences: a two‑bedroom, one‑bath unit and a one‑bedroom unit
- 1,800 square feet; built in 1975
- 200 feet of shared beach on Big Sebago Lake
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,809
Cap Rate
8.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$636,180
$636.2K
Cap Rate 7%
$454,414
$454.4K
Cap Rate 9%
$353,433
$353.4K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$48.6K $27.00/SF
− Vacancy
−$3.2K −$1.76/SF
EGI
$45.4K $25.25/SF
− OpEx
−$13.6K −$7.57/SF
NOI
$31.8K $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%
$636,180
Cap Rate 7%
$454,414
Cap Rate 9%
$353,433
Alternative Uses
Best Use
Multifamily LT 5
$454.4K
$397.6K – $530.2K
NOI $31,809 @ 7.0% cap · market cap 8.26%
Second Best
Apartment 5plus
$422.8K
$369.9K – $493.2K
NOI $29,593 @ 7.0% cap · market cap 7.69%
Theoretical Best
Office A
$494.7K
$432.9K – $577.2K
NOI $34,631 @ 7.0% cap · market cap 9.00%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
26
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
$285,200
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Cumberland County, ME
Properties on Market for Duplexes in Cumberland County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer separate electrical service, heating systems, and driveways.
Where is this duplex located?
The property is located at 26 Jamesport Road Casco, ME.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Two residences: a two‑bedroom, one‑bath unit and a one‑bedroom unit; 1,800 square feet; built in 1975; 200 feet of shared beach on Big Sebago Lake
