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    Colonial Duplex with Separate Utilities Title is generated by Realmo AI

    339 Stillwater Avenue, Old Town, ME 04468

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    Picture of Duplexes at 339 Stillwater Avenue, Old Town, ME
    For Sale
    $277,000

    Residential Multi Family, Colonial - Old Town, ME

    Property size:
    2,122 SF
    Lot size:
    1.25 Acres
    Price / SF:
    $130/SF
    Added:
    Jun 3, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 5 at 5:06 pm

    Property Features for 339 Stillwater Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Size
    2,122 SF
    Lot size
    1.25 Acres

    Building Details

    Year built
    1900
    Architectural style
    Colonial

    We can help!

    Listing Contact
    The Young-Fish Team

    Listing agent The Young-Fish Team License #BA917097,PersonLicenseNumber

    Listing office NextHome Experience 57 Washington St., ME

    Listing date Jun 3, 2026

    MLS# 1665404 Listing URL

    Copyright © 2026 NextHome, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Two‑unit duplex built in 1900 in a colonial architectural style
    • Set on approximately 1.25 acres with a large open yard and wooded views
    • Large back deck overlooks the backyard
    • Both units are currently occupied, including one long‑term tenant
    • Separate utilities plus individual washer/dryer setups for each unit
    • Heating includes a newer natural gas boiler for one unit and oil heat for the other, with ample off‑street parking

    Overview

    This Colonial-style duplex on Stillwater Avenue contains two occupied units and total building area of 2,122 square feet. Each unit has its own utilities and an individual washer/dryer setup, supporting tenant convenience and day-to-day independence. The property includes a sizable in-town lot of approximately 1.25 acres, with an open yard and a deck at the rear overlooking the backyard. Off-street parking is also available for both tenants and guests. The mechanical systems are split between the units, with one unit serviced by a newer natural gas boiler and the second unit currently using oil heat.

    The property is located in Old Town, Maine, with convenient access to the University of Maine, shopping, restaurants, and I-95. Both units are currently occupied, including one long-term tenant.

    For buyers seeking a residential income property with established occupancy, this duplex offers a practical, two-unit layout and separate utility arrangements. The combination of in-unit laundry, off-street parking, and an outdoor space that extends beyond a typical in-town multi-family yard can be a useful fit for tenants looking for comfort and straightforward living. The unit with the newer natural gas boiler may also reduce near-term energy system considerations compared to oil-only operations.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $29.3k $13.80
    − Vacancy −$1.5k −$0.71
    EGI $27.8k $13.09
    − OpEx −$8.3k −$3.93
    NOI $19.4k $9.16
    2,122 SF · lease $13.80/SF/yr · vacancy 5.13% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $277.8K
    $243.1K – $324.1K (±1% cap)
    NOI $19,447 @ 7.0% cap · market cap 7.02%
    Second Best
    Apartment 5plus
    $255.5K
    $223.6K – $298.1K (±1% cap)
    NOI $17,886 @ 7.0% cap · market cap 6.46%
    Theoretical Best
    Office A
    $685.3K
    $599.7K – $799.6K (±1% cap)
    NOI $47,974 @ 7.0% cap · market cap 17.32%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Old Town
    County
    Penobscot
    State
    Maine
    Longitude
    -68.6607822
    Latitude
    44.9311513

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    FAQs

    What type of property is this?
    Duplex - Two occupied units with separate utilities, in-town off-street parking, and a large backyard deck and yard.
    Where is this duplex located?
    The property is located at 339 Stillwater Avenue Old Town, ME.
    What is the asking price?
    The asking price for this property is $277,000.
    What are key features of this property?
    This property features: Two‑unit duplex built in 1900 in a colonial architectural style; Set on approximately 1.25 acres with a large open yard and wooded views; Large back deck overlooks the backyard
    (207) 356-1978
    We can help!
    Listing Contact
    The Young-Fish Team
    Real Estate License ID: BA917097,PersonLicenseNumber
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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