Two-Unit
For Sale
$460,000
32 Ossipee Trail W, Standish, ME 04084
Multi-Family, Standish, ME
Property Size2,154 SF
Lot Size0.40 Acres
Price / SF$213.56
Days on Market50
Property Features for 32 Ossipee Trail W
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
SCD
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Basement, Bathroom 1
Basement
Full, Unfinished, Sump Pump, Dirt Floor
Lot features
Well Landscaped, Open, Level, Near Town
Standard status
Active
Size
2,154 SF
Lot size
0.40 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
4297
Utilities
Sewer type
Private Sewer, Septic Tank
Heating system
Propane (Heating), Oil, Forced Air
Water source
Public
Building Details
Year built
1960
Number of units
2
Flooring type
Wood, Vinyl
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
Regency Realty Group
(207) 450-7653
Listed By:
Jennifer Allen
(207) 749-6172
Added: Jul 13
Changed: Aug 19
Last Checked: Aug 31 at 6:06AM
MLS# 1668037
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.
Investment Insights
Based on property information with market context.
Built in 1960, this 2,154-square-foot duplex contains two residential units, each configured with two bedrooms and one bathroom. The property has a wood-frame structure with vinyl siding, wood and vinyl flooring, a shingle roof, and a basement. Heating is provided by propane, oil, and forced air systems. The home requires updates and is offered as-is.
The 0.4-acre property is located at 32 Ossipee Trail W in Standish, Maine, near local amenities, schools, outdoor recreation, and Sebago Lake. Public water and private sewer service with a septic tank support the property. Zoning is SCD.
The 0.4-acre property is located at 32 Ossipee Trail W in Standish, Maine, near local amenities, schools, outdoor recreation, and Sebago Lake. Public water and private sewer service with a septic tank support the property. Zoning is SCD.
Key Highlights
- Two‑unit duplex with each residence offering 2 bedrooms and 1 bathroom
- 2,154 square feet on a 0.4‑acre lot
- Built in 1960 with wood‑frame construction and vinyl siding
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$38,064
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.27%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$761,280
$761.3K
Cap Rate 7%
$543,771
$543.8K
Cap Rate 9%
$422,933
$422.9K
Market Conditions
NOI Build-Up for 2,154 SF
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.
Gross rent
$58.2K $27.00/SF
− Vacancy
−$3.8K −$1.76/SF
EGI
$54.4K $25.25/SF
− OpEx
−$16.3K −$7.57/SF
NOI
$38.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$761,280
Cap Rate 7%
$543,771
Cap Rate 9%
$422,933
Alternative Uses
Best Use
Multifamily LT 5
$543.8K
$475.8K – $634.4K
NOI $38,064 @ 7.0% cap · market cap 8.27%
Second Best
Apartment 5plus
$505.9K
$442.7K – $590.2K
NOI $35,413 @ 7.0% cap · market cap 7.70%
Theoretical Best
Office A
$592.0K
$518.0K – $690.7K
NOI $41,442 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
150
Businesses Nearby
Explore this area
Business Placement
Demographics for 04084, ME
8,253
Population
3,710
Households
2.2
Avg Household Size
43
Median Age
38%
College-Educated
96%
High-School Grad
43.8 sq mi
ZIP Area
188
Density / Sq Mi
$103,086
Median Household Income
$38,839
Median Earnings
$972
Median Rent
$334,800
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 residential units offer matching two-bedroom, one-bath layouts with public water and private septic service.
Where is this duplex located?
The property is located at 32 Ossipee Trail W Standish, ME.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: Two‑unit duplex with each residence offering 2 bedrooms and 1 bathroom; 2,154 square feet on a 0.4‑acre lot; Built in 1960 with wood‑frame construction and vinyl siding
