Building Details

Year Built 2025

Listing Agency: Realty of Maine i***@chezreneeteam.com Show Phone

Listed By: Kortnie Mullins, Renee Hudgens Kortnie Mullins

Source: Lawanaandcompany

Added: Jul 21 Changed: Aug 28 Last Checked: Aug 29 at 12:34PM

Report an Issue

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 Realty of Maine

Investment Insights

Based on property information with market context.

Completed in 2025, this duplex contains 1,896 square feet with two separate residences. Each unit offers 2 bedrooms, 1 full bath, and an open-concept arrangement linking the living room and kitchen. Granite countertops and luxury vinyl tile flooring are provided throughout each unit, while an attached garage and dedicated storage space serve each residence. High-efficiency boilers provide heating.

The property occupies 1.33 acres at 37 Lower Dedham Rd in Holden, Maine. Its two-unit configuration supports owner-occupied living with rental income, multigenerational housing, or an in-law arrangement, as described for the property.

Key Highlights

• 2025 construction with 1,896 square feet
• Two units, each with 2 bedrooms and 1 full bath
• Each unit includes an attached garage and dedicated storage

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

$17,376

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

3.31%

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%

$347,520 $347.5K

Cap Rate 7%

$248,229 $248.2K

Cap Rate 9%

$193,067 $193.1K

Market Conditions

NOI Build-Up for 1,896 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

$26.2K $13.80/SF

− Vacancy

−$1.3K −$0.71/SF

EGI

$24.8K $13.09/SF

− OpEx

−$7.4K −$3.93/SF

NOI

$17.4K $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 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%

$347,520

Cap Rate 7%

$248,229

Cap Rate 9%

$193,067

Alternative Uses

Best Use

Multifamily LT 5

$248.2K

$217.2K – $289.6K (±1% cap)

NOI $17,376 @ 7.0% cap · market cap 3.31%

Second Best

Apartment 5plus

$228.3K

$199.8K – $266.4K (±1% cap)

NOI $15,981 @ 7.0% cap · market cap 3.04%

Theoretical Best

Office A

$612.4K

$535.8K – $714.4K (±1% cap)

NOI $42,865 @ 7.0% cap · market cap 8.16%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Duplexes

Suggested Use

Top Pick HVAC Service Building Supply Auto Repair Shop Pet Grooming Service Storage Facility Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

14

Businesses Nearby

Explore this area Business Placement

Demographics for 04429, ME

4,925

Population

2,963

Households

1.7

Avg Household Size

48

Median Age

42%

College-Educated

98%

High-School Grad

70.6 sq mi

ZIP Area

70

Density / Sq Mi

$92,223

Median Household Income

$52,391

Median Earnings

$1,316

Median Rent

$268,200

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

Similar For Sale Nearby

Retail Building with Second-Floor Space

641 Main Road, Holden, ME 04429

$1,700,000

10,000 SF

View details

Flex Space with Retail Area

641 Main Rd, Holden, ME 04429

$1,700,000

10,000 SF

View details

New Construction Duplex

37 Lower Dedham Road, Holden, ME 04429

$515,000

1,896 SF

View details

Frequently Asked Questions

What type of property is this?

Duplex - Each residence includes an attached garage, dedicated storage, and granite kitchen countertops.

Where is this duplex located?

The property is located at 37 Lower Dedham Rd Holden, ME.

What is the asking price?

The asking price for this property is $525,000.

What are key features of this property?

This property features: 2025 construction with 1,896 square feet; Two units, each with 2 bedrooms and 1 full bath; Each unit includes an attached garage and dedicated storage