Updated Duplex with Attached
For Sale
$485,000
5 Ossipee Trail E, Standish, ME 04084
Multi-Family, Standish, ME
Property Size2,677 SF
Lot Size0.30 Acres
Price / SF$181.17
Days on Market78
Property Features for 5 Ossipee Trail E
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
SCD
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Basement
Patio and Porch features
Deck, Porch
Pets allowed
No
Interior features
Bathtub, Shower, Storage
Basement
Unfinished, Dirt Floor, Full
Lot features
Level, Intown, Near Shopping, Near Town, Suburban
Standard status
Active
Size
2,677 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
3916
Utilities
Sewer type
Private Sewer
Heating system
Baseboard, Heat Pump (Heating), Oil, Electric (Heating), Hot Water(Heating)
Cooling system
Heat Pump
Water source
Public
Amenities
attached barn
off-street parking
outdoor deck
enclosed porch
washer and dryer
Building Details
Year built
1800
Floors in Building
2
Number of units
2
Flooring type
Carpet, Wood, Laminate
Building materials
Wood Frame, Clapboard, Wood Siding
Roof type
Shingle
Architectural style
Colonial
Additional Structures
Storage
Listing Agency:
Coldwell Banker Realty · Coldwell Banker Real Estate
(207) 725-8522
Listed By:
Jason Norton
(207) 319-5568
Added: Jul 11
Changed: Sep 24
Last Checked: Sep 26 at 11:06AM
MLS# 1668520
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This Colonial duplex at 5 Ossipee Trail E contains 2,677 square feet on a 0.3-acre parcel. The property includes two distinct units, each with two bedrooms and one-and-a-half bathrooms, along with an attached barn that adds substantial storage or workshop capacity. Off-street parking serves residents and guests.
Major system work includes new electrical panels for both units, a new oil tank, a new septic tank baffle, and a new chimney liner and cap. Interior improvements include fresh paint, updated light fixtures, outlets, and switches. Unit 5 also has a new deck, waterproof luxury vinyl plank flooring in the entry, a bathroom exhaust fan, over-the-range microwave, washer and dryer, and closet organization system. Unit 9 includes a refinished enclosed porch interior.
The property is zoned SCD and sits along the Route 25 corridor, with access to Hannaford, Greater Portland, and Sebago Lake.
Major system work includes new electrical panels for both units, a new oil tank, a new septic tank baffle, and a new chimney liner and cap. Interior improvements include fresh paint, updated light fixtures, outlets, and switches. Unit 5 also has a new deck, waterproof luxury vinyl plank flooring in the entry, a bathroom exhaust fan, over-the-range microwave, washer and dryer, and closet organization system. Unit 9 includes a refinished enclosed porch interior.
The property is zoned SCD and sits along the Route 25 corridor, with access to Hannaford, Greater Portland, and Sebago Lake.
Key Highlights
- 2,677 square feet on a 0.3‑acre parcel
- Two units, each with 2 bedrooms and 1.5 bathrooms
- Attached barn provides storage or workshop space
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
Lease Details
2
Residential units
Yes
Highway access
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer refreshed interiors, off-street parking, and flexible storage or workshop space.
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: 2,677 square feet on a 0.3‑acre parcel; Two units, each with 2 bedrooms and 1.5 bathrooms; Attached barn provides storage or workshop space
