Updated Duplex with Attached
5 Ossipee Trail E, Standish, ME 04084
For Sale
$485,000
Multi-Family, Standish, ME
Property Size2,677 SF
Lot Size0.30 Acres
Price / SF$181.17
Days on Market123
Property Features for 5 Ossipee Trail E
General Information
Property type
Property subtype
Zoning
Bathrooms
Full bathrooms
Rooms
Patio and Porch features
Pets allowed
Interior features
Basement
Lot features
Standard status
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Architectural style
Additional Structures
Listing Agency:
Coldwell Banker Realty · Coldwell Banker Real Estate
(207) 725-8522
Listed By:
Jason Norton
(207) 319-5568
Added: Jul 11
Changed: Oct 28
Last Checked: Nov 10 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.
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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 / 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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Lease Details
2
Residential units
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
$334,800
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Cumberland County, ME
Properties on Market for Duplexes in Cumberland County
Vacancy Rate% for Multifamily in Northeast region
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
