2-Unit Colonial
33 Sand Pond Road, East Baldwin, ME 04024
For Sale
New
$550,000
Multi-Family, Baldwin, ME
Property Size2,464 SF
Lot Size2.00 Acres
Price / SF$223.21
Days on Market3
Property Features for 33 Sand Pond Road
General Information
Property type
Property subtype
Property condition
Zoning
Bathrooms
Full bathrooms
Rooms
Patio and Porch features
Interior features
Basement
Lot features
Standard status
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Water front features
Water front
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Architectural style
Buildings
Listing Agency:
EXP Realty
(888) 439-8743
Listed By:
Leonard Tracy III
(207) 749-6890
Added: Nov 9
Last Checked: Nov 11 at 12:06AM
MLS# 1684072
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 Colonial-style duplex contains two residences totaling 2,464 square feet on a 2-acre parcel. Each home is configured with three bedrooms and one-and-a-half bathrooms. Exterior features include covered entries, a deck, and gravel parking. The property is listed as under construction, with a 2026 year built. Construction materials include wood framing and vinyl siding; interior finishes include carpet and vinyl flooring. Heating and cooling are provided by heat pumps, with electric heat also listed.
The property is less than 2,500 feet from a residents-only private beach on Sand Pond. Water is supplied by a private well, and the property has a private sewer system. Zoning is designated Res.
The property is less than 2,500 feet from a residents-only private beach on Sand Pond. Water is supplied by a private well, and the property has a private sewer system. Zoning is designated Res.
Key Highlights
- Two residences totaling 2,464 square feet
- Each residence has 3 bedrooms and 1.5 bathrooms
- 2‑acre parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,543
Cap Rate
7.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$870,860
$870.9K
Cap Rate 7%
$622,043
$622.0K
Cap Rate 9%
$483,811
$483.8K
Market Conditions
NOI Build-Up for 2,464 SF
Gross rent
$66.5K $27.00/SF
− Vacancy
−$4.3K −$1.76/SF
EGI
$62.2K $25.25/SF
− OpEx
−$18.7K −$7.57/SF
NOI
$43.5K $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%
$870,860
Cap Rate 7%
$622,043
Cap Rate 9%
$483,811
Alternative Uses
Best Use
Multifamily LT 5
$622.0K
$544.3K – $725.7K
NOI $43,543 @ 7.0% cap · market cap 7.92%
Second Best
Apartment 5plus
$578.7K
$506.4K – $675.2K
NOI $40,510 @ 7.0% cap · market cap 7.37%
Theoretical Best
Office A
$677.2K
$592.6K – $790.1K
NOI $47,406 @ 7.0% cap · market cap 8.62%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
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Business Placement
Demographics for 04024, ME
572
Population
247
Households
2.3
Avg Household Size
49
Median Age
14%
College-Educated
93%
High-School Grad
15.0 sq mi
ZIP Area
38
Density / Sq Mi
$55,833
Median Household Income
$41,181
Median Earnings
$239,400
Median Home Value
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Market
Average Price Trend$/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 - Each residence has three bedrooms, one-and-a-half bathrooms, and its own covered entry.
Where is this duplex located?
The property is located at 33 Sand Pond Road East Baldwin, ME.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two residences totaling 2,464 square feet; Each residence has 3 bedrooms and 1.5 bathrooms; 2‑acre parcel
