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 Market155
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
(207) 319-5568
Source:
Profoundrealestate
Added: May 27
Changed: Oct 27
Last Checked: Oct 26 at 4:50PM
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
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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 / Yr
$44,011
Cap Rate
9.07%
Suggested Prices Based on Cap Rates
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
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 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.
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Location Intelligence
Trade Area within ½ mile
155
Businesses Nearby
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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
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
