Single-Level Duplex with
For Sale
$299,900
37 Mason Hill Rd, Orrington, ME 04474
Vacant two-unit property with separate living areas, private laundry rooms, and attached garages in a wooded setting.
Property Size2,174 SF
Price / SF$137.95
Days on Market23
Property Features for 37 Mason Hill Rd
General Information
Standard status
Active
Size
2,174 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$3,186
Listing Agency:
EXP Realty
(888) 439-8743
Listed By:
Corey Dunn
(207) 949-2425
Source:
Exprealty
Added: Sep 14
Changed: Oct 3
Last Checked: Oct 5 at 7:40PM
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 EXP Realty
Investment Insights
Based on property information with market context.
This 2,174-square-foot duplex, built in 2003, contains two nearly matching single-level units. Each residence offers two bedrooms, one full bathroom, an open kitchen, dining and living arrangement, a private laundry room, and an attached one-car garage with direct interior access. One unit has updated kitchen finishes, flooring, carpeting, paint, and bathroom details, while the other remains functional and offers room for cosmetic improvements. Both units are currently vacant.
The property occupies approximately 3 private, wooded acres near Brewer Lake and is located at 37 Mason Hill Road in Orrington, with access to Brewer and Bangor. Separate living spaces, garages, and laundry facilities support rental, owner-occupant, or multigenerational use. The two units are substantially similar in layout, providing a straightforward configuration for managing the property as a duplex.
The property occupies approximately 3 private, wooded acres near Brewer Lake and is located at 37 Mason Hill Road in Orrington, with access to Brewer and Bangor. Separate living spaces, garages, and laundry facilities support rental, owner-occupant, or multigenerational use. The two units are substantially similar in layout, providing a straightforward configuration for managing the property as a duplex.
Key Highlights
- 2,174‑square‑foot duplex built in 2003
- Approximately 3 private, wooded acres near Brewer Lake
- Two single‑level units, each with 2 bedrooms and 1 full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,923
Cap Rate
6.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$398,460
$398.5K
Cap Rate 7%
$284,614
$284.6K
Cap Rate 9%
$221,367
$221.4K
Market Conditions
NOI Build-Up for 2,174 SF
Gross rent
$30.0K $13.80/SF
− Vacancy
−$1.5K −$0.71/SF
EGI
$28.5K $13.09/SF
− OpEx
−$8.5K −$3.93/SF
NOI
$19.9K $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 Rate 5%
$398,460
Cap Rate 7%
$284,614
Cap Rate 9%
$221,367
Alternative Uses
Best Use
Multifamily LT 5
$284.6K
$249.0K – $332.1K
NOI $19,923 @ 7.0% cap · market cap 6.64%
Second Best
Apartment 5plus
$261.8K
$229.1K – $305.4K
NOI $18,324 @ 7.0% cap · market cap 6.11%
Theoretical Best
Office A
$702.1K
$614.4K – $819.2K
NOI $49,150 @ 7.0% cap · market cap 16.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
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Business Placement
Demographics for 04474, ME
3,812
Population
1,739
Households
2.2
Avg Household Size
47
Median Age
40%
College-Educated
98%
High-School Grad
25.0 sq mi
ZIP Area
152
Density / Sq Mi
$92,583
Median Household Income
$53,571
Median Earnings
$1,072
Median Rent
$239,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Vacant two-unit property with separate living areas, private laundry rooms, and attached garages in a wooded setting.
Where is this duplex located?
The property is located at 37 Mason Hill Rd Orrington, ME.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 2,174‑square‑foot duplex built in 2003; Approximately 3 private, wooded acres near Brewer Lake; Two single‑level units, each with 2 bedrooms and 1 full bath
