Levant Duplex on Spacious
447 Pine Tree Road Levant, ME 04456
447 Pine Tree Road, Levant, ME, 04456
$380,000
For Sale
$380,000
Well-maintained duplex with long-term tenants on 1.82 acres.
Property Size2,100 SF
Lot Size1.82 Acres
Price / SF$180.95
Days on Market120
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
Listing Agency
Better Homes & Gardens Real Estate/The Masiello Group
(207) 942-6711
Listed by
Venise Bard
(207) 942-6711
Source
Compass
Added: Mar 20 Checked: Jul 15 at 10:44 pm
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
Investment Insights
Based on property information with market context.
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.
Key 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
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
NOI $19,245 @ 7.0% cap · market cap 5.06%
Second Best
Apartment 5plus
$252.9K
$221.3K – $295.0K
NOI $17,701 @ 7.0% cap · market cap 4.66%
Theoretical Best
Office A
$678.2K
$593.5K – $791.3K
NOI $47,477 @ 7.0% cap · market cap 12.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
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
