Updated Duplex with Attached
For Sale
$485,000
5 Ossipee Trail E, Standish, ME 04084
Two-bedroom, 1.5-bath units with an expansive attached barn and ample off-street parking.
Property Size2,677 SF
Price / SF$181.17
Days on Market104
Property Features for 5 Ossipee Trail E
General Information
Standard status
Active
Size
2,677 SF
Property subtype
Multi-family
Building Details
Year Built
1800
Listing Agency:
Coldwell Banker Realty
Listed By:
Jason Norton
(603) 866-2942
Source:
Profoundrealestate
Added: Jun 1
Changed: Sep 11
Last Checked: Sep 12 at 11:03AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
Welcome to 5 Ossipee Trail E, an updated duplex with two distinct residential units. Each unit features two bedrooms and one-and-a-half bathrooms. Interiors have been refreshed with new paint and new lighting and electrical finishes, including light fixtures, outlets, and switches. Unit 5 includes a new outdoor deck, waterproof luxury vinyl plank flooring in the entryway, a new bathroom exhaust fan, a new over-the-range microwave, a new washer and dryer, and a custom closet organization system. Unit 9 offers a refinished enclosed porch interior.
The property also includes an expansive attached barn that can support storage needs or a workshop-style setup. Off-street parking is available for residents and guests.
Recent capital improvements include brand-new electrical panels for both units, a new oil tank, a new septic tank baffle, and a new chimney liner and cap, supporting a well-maintained foundation for either renting or owner-occupancy.
The property also includes an expansive attached barn that can support storage needs or a workshop-style setup. Off-street parking is available for residents and guests.
Recent capital improvements include brand-new electrical panels for both units, a new oil tank, a new septic tank baffle, and a new chimney liner and cap, supporting a well-maintained foundation for either renting or owner-occupancy.
Key Highlights
- Updated duplex with two distinct units, each offering 2 bedrooms and 1.5 bathrooms
- Expansive attached barn for storage or workshop potential
- Off‑street parking for residents and guests
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
$44,011
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
9.07%
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%
$880,220
$880.2K
Cap Rate 7%
$628,729
$628.7K
Cap Rate 9%
$489,011
$489.0K
Market Conditions
NOI Build-Up for 2,677 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
$85.1K $31.80/SF
− Vacancy
−$5.1K −$1.91/SF
EGI
$80.0K $29.89/SF
− OpEx
−$36.0K −$13.45/SF
NOI
$44.0K $16.44/SF
Area
Cumberland County, ME
Vacancy
6.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
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%
$880,220
Cap Rate 7%
$628,729
Cap Rate 9%
$489,011
Alternative Uses
Best Use
Multifamily LT 5
$675.8K
$591.3K – $788.5K
NOI $47,307 @ 7.0% cap · market cap 9.75%
Second Best
Apartment 5plus
$628.7K
$550.1K – $733.5K
NOI $44,011 @ 7.0% cap · market cap 9.07%
Theoretical Best
Office A
$735.8K
$643.8K – $858.4K
NOI $51,504 @ 7.0% cap · market cap 10.62%
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
155
Businesses Nearby
Explore this area
Business Placement
Demographics for 04084, ME
8,253
Population
3,710
Households
2.2
Avg Household Size
43
Median Age
38%
College-Educated
96%
High-School Grad
43.8 sq mi
ZIP Area
188
Density / Sq Mi
$103,086
Median Household Income
$38,839
Median Earnings
$972
Median Rent
$334,800
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 - Two-bedroom, 1.5-bath units with an expansive attached barn and ample off-street parking.
Where is this duplex located?
The property is located at 5 Ossipee Trail E Standish, ME.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Updated duplex with two distinct units, each offering 2 bedrooms and 1.5 bathrooms; Expansive attached barn for storage or workshop potential; Off‑street parking for residents and guests
