Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Levant Duplex on Spacious Lot Title is generated by Realmo AI

    447 Pine Tree Road, Levant, ME 04456

    View on Map
    Claim this Listing
    For Sale
    $380,000

    Well-maintained duplex with long-term tenants on 1.82 acres.

    Type:Multi-Family
    Property size:
    2,100 SF
    Lot size:
    1.82 Acres
    Price / SF:
    $180/SF
    Added:
    Mar 18, 2026
    Days on Market:
    77
    Last Refresh:
    Mar 20 at 8:29 pm

    Property Features for 447 Pine Tree Road

    General Information

    Standard status
    Active
    Size
    2,100 SF
    Lot size
    1.82 Acres
    Property subtype
    Multi-Family

    Building Details

    Year Built
    2009

    We can help!

    Listing Contact
    Venise Bard

    Listing agent Venise Bard

    Listing office Better Homes & Gardens Real Estate/The Masiello Group

    Listing date Mar 18, 2026

    Source Compass

    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 Better Homes & Gardens Real Estate/The Masiello Group

    HighLights

    • Duplex built in 2009, ideal for investors or owner‑occupiers
    • Two units: 2‑bedroom and 3‑bedroom, both with long‑term tenants
    • Each unit features radiant heat, open concept kitchen/dining/living area, spacious bedrooms with large closets, and washer/dryer hookups
    • Includes 1.82 acres and assigned storage sheds for each unit
    • Option to purchase with adjacent property sharing a well
    • Septic system designed for four bedrooms, offering expansion potential

    Overview

    Located in Levant, this duplex at 445 Pine Tree Road presents an opportunity for investors or those seeking an owner-occupied property with an in-law suite. Constructed in 2009, the ranch-style duplex is situated on a 1.82-acre lot and is currently fully occupied. It features two units: one with two bedrooms and another with three bedrooms. Both units include radiant heat, an open-concept kitchen, a dining area, and a living room. The bedrooms are spacious and equipped with large closets. Each bathroom has a tub/shower combination and washer/dryer hookups. Additionally, each unit is assigned a storage shed. The units are occupied by long-term tenants. The owner is open to selling both 445 and 447 Pine Tree Road together or separately, noting that they share a well and have private septic systems. The septic design for 445 Pine Tree Road is for four bedrooms. If sold separately from 447 Pine Tree Road, a shared well amendment to the existing deed will be created.

    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 $29.0k $13.80
    − Vacancy −$1.5k −$0.71
    EGI $27.5k $13.09
    − OpEx −$8.2k −$3.93
    NOI $19.2k $9.16
    2,100 SF · lease $13.80/SF/yr · vacancy 5.13% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $274.9K
    $240.6K – $320.8K (±1% cap)
    NOI $19,245 @ 7.0% cap · market cap 5.06%
    Second Best
    Apartment 5plus
    $252.9K
    $221.3K – $295.0K (±1% cap)
    NOI $17,701 @ 7.0% cap · market cap 4.66%
    Theoretical Best
    Office A
    $678.2K
    $593.5K – $791.3K (±1% cap)
    NOI $47,477 @ 7.0% cap · market cap 12.49%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Building Supply Auto Repair Shop HVAC Service Garden Center Pet Grooming Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Levant
    County
    Penobscot
    State
    Maine
    Longitude
    -68.9790023
    Latitude
    44.8590452

    Nearby Similar for Sale

    • $695,000
      4,200 SF

      Levant Ranch Style Duplexes

      Two well-maintained duplexes on 3.67 acres in Levant, Maine.
      445-447 Pine Tree Road, Levant, ME 04456
      View Details
    • $380,000
      2,100 SF

      Levant Duplex: Investor Opportunity

      Well-maintained duplex in Levant, Maine, ideal for investors.
      447 Pine Tree Road, Levant, ME 04456
      View Details
    • $380,000
      2,100 SF

      Levant Duplex on 1.82 Acres

      Well-built, fully occupied ranch duplex on 1.82 acres.
      445 Pine Tree Road, Levant, ME 04456
      View Details

    FAQs

    What type of property is this?
    Duplex - Well-maintained duplex with long-term tenants on 1.82 acres.
    Where is this duplex located?
    The property is located at 447 Pine Tree Road Levant, ME.
    What is the asking price?
    The asking price for this property is $380,000.
    What are key features of this property?
    This property features: Duplex built in 2009, ideal for investors or owner‑occupiers; Two units: **2‑bedroom and 3‑bedroom**, both with long‑term tenants; Each unit features radiant heat, **open concept kitchen/dining/living area**, spacious bedrooms with large closets, and washer/dryer hookups
    (207) 942-6711
    We can help!
    Listing Contact
    Venise Bard
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    447 Pine Tree Road, Levant, ME 04456
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!