Two-Unit Residential Income
56 Yarmouth Road Gray, ME 04039
For Sale
$659,900
Spacious duplex with two separate units, private decks, and a detached heated 2-car garage.
Property Size2,793 SF
Price / SF$236.27
Days on Market24
Property Features for 56 Yarmouth Road
General Information
Standard status
Active
Size
2,793 SF
Property subtype
Multi-family
Building Details
Year Built
1945
Listing Agency:
Landing Real Estate
Listed By:
Matthew DiBiase
(603) 866-2942
Source:
Profoundrealestate
Added: Jul 6
Changed: Jul 27
Last Checked: Jul 29 at 12:33AM
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 Landing Real Estate
Investment Insights
Based on property information with market context.
This two-unit residential income property offers a versatile layout across two levels. The main unit includes 3 bedrooms, including a private primary suite with a jacuzzi tub and office area, plus a family room with cathedral ceilings that opens to a private back deck. The open kitchen provides direct access to the outdoor entertaining area, and the main level is completed with a living room, two additional bedrooms, a full bath, and a half bath. A finished basement provides additional space that may suit a variety of uses.
The second-floor unit features an open-concept kitchen, living, and dining area, along with 2 bedrooms and a full bath. A private second-floor deck overlooks a peaceful backyard.
Additional features include a detached heated 2-car garage with ample storage space above and a large private backyard suitable for outdoor entertaining and everyday enjoyment. The property is conveniently located just minutes from the village center and downtown amenities, shopping, and dining.
The second-floor unit features an open-concept kitchen, living, and dining area, along with 2 bedrooms and a full bath. A private second-floor deck overlooks a peaceful backyard.
Additional features include a detached heated 2-car garage with ample storage space above and a large private backyard suitable for outdoor entertaining and everyday enjoyment. The property is conveniently located just minutes from the village center and downtown amenities, shopping, and dining.
Key Highlights
- Two‑unit duplex (built 1945) with separate spaces for owner‑occupants, multi‑generational living, or investment use.
- Main unit includes 3 bedrooms, including a private primary suite with jacuzzi tub and office area, plus a living room, full bath, and half bath.
- Main unit features a family room with cathedral ceilings and natural light, and direct access from the open kitchen to the outdoor entertaining area and back deck.
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 | $75.4k | $27.00 |
| − Vacancy | −$4.9k | −$1.76 |
| EGI | $70.5k | $25.25 |
| − OpEx | −$21.2k | −$7.57 |
| NOI | $49.4k | $17.67 |
2,793 SF · lease $27.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$705.1K
$617.0K – $822.6K
NOI $49,356 @ 7.0% cap · market cap 7.48%
Second Best
Apartment 5plus
$656.0K
$574.0K – $765.3K
NOI $45,919 @ 7.0% cap · market cap 6.96%
Theoretical Best
Office A
$767.7K
$671.7K – $895.6K
NOI $53,736 @ 7.0% cap · market cap 8.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Spacious duplex with two separate units, private decks, and a detached heated 2-car garage.
Where is this duplex located?
The property is located at 56 Yarmouth Road Gray, ME.
What is the asking price?
The asking price for this property is $659,900.
What are key features of this property?
This property features: Two‑unit duplex (built 1945) with separate spaces for owner‑occupants, multi‑generational living, or investment use.; Main unit includes 3 bedrooms, including a private primary suite with jacuzzi tub and office area, plus a living room, full bath, and half bath.; Main unit features a family room with cathedral ceilings and natural light, and direct access from the open kitchen to the outdoor entertaining area and back deck.
