Two-Unit Residential
56 Yarmouth Road, Gray, ME 04039
New
MULTI_FAMILY - Colonial - Gray, ME
Property size:
2,793 SFLot size:
0.75 AcresPrice / SF:
$243/SF- Added:
- Jun 12, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 14 at 1:06 pm
Property Features for 56 Yarmouth Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Village Center
- Bathrooms
- 2
- Rooms
- Bathroom 2, Basement, Bathroom 1
- Parking features
- Heated
- Patio and Porch features
- Porch, Deck
- Interior features
- 1st Floor Primary Bedroom w/Bath, Storage
- Basement
- Finished, Full, Unfinished
- Standard status
- Active
- Size
- 2,793 SF
- Lot size
- 0.75 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5506
Utilities
- Sewer type
- Public Sewer
- Heating system
- Propane (Heating), Baseboard, Hot Water(Heating), Oil
- Water source
- Public
Building Details
- Year built
- 1945
- Number of units
- 2
- Flooring type
- Tile, Wood, Carpet
- Building materials
- Wood Frame, Vinyl Siding
- Roof type
- Shingle
- Architectural style
- Colonial
- Additional Structures
- Storage
Listing agent Matthew DiBiase (207) 775-7653
Listing office Landing Real Estate 780 Broadway, Portland, ME (207) 775-7653
Listing date Jun 12, 2026
MLS# 1664311
Listing URL
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.
HighLights
- Two‑unit property with main unit (3 bedrooms) plus a second‑floor unit (2 bedrooms).
- Main unit includes a private primary suite with jacuzzi tub and office area, plus a family room with cathedral ceilings.
- Main unit opens to a private back deck from the family room and outdoor entertaining area via the kitchen.
- Second‑floor unit offers open‑concept kitchen, living, and dining, with 2 bedrooms and a full bath, plus private deck access.
- Finished basement provides potential for additional living space, home office, gym, or recreation.
- Detached heated 2‑car garage with ample storage space above; public water and public sewer; roof is shingle; year built 1945.
Overview
This two-unit duplex offers a spacious main residence plus a second-floor unit designed for flexible living arrangements. The main unit includes three bedrooms, highlighted by a private primary suite with a jacuzzi tub and office area. A family room with cathedral ceilings and abundant natural light opens to a private back deck, and the open kitchen provides direct access to the outdoor entertaining area. In addition to the living room, the main unit has two additional bedrooms, a full bath, and a half bath, with a finished basement offering potential for added living space, a home office, gym, or recreation.
The second-floor unit features an open-concept kitchen, living, and dining area, along with two bedrooms and a full bath. It also has access to a private second-floor deck overlooking the peaceful backyard. A detached, heated two-car garage includes ample storage space above, and the property sits on a large private backyard.
Located just minutes from the village center, the property provides convenient access to downtown amenities, shopping, and dining. The layout can support an owner-occupant configuration, multi-generational living, or a separate living arrangement for both units, with outdoor space and the option to utilize the finished basement for additional functionality.
The second-floor unit features an open-concept kitchen, living, and dining area, along with two bedrooms and a full bath. It also has access to a private second-floor deck overlooking the peaceful backyard. A detached, heated two-car garage includes ample storage space above, and the property sits on a large private backyard.
Located just minutes from the village center, the property provides convenient access to downtown amenities, shopping, and dining. The layout can support an owner-occupant configuration, multi-generational living, or a separate living arrangement for both units, with outdoor space and the option to utilize the finished basement for additional functionality.
Local 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 7.26%
Second Best
Apartment 5plus
$656.0K
$574.0K – $765.3K
NOI $45,919 @ 7.0% cap · market cap 6.75%
Theoretical Best
Office A
$767.7K
$671.7K – $895.6K
NOI $53,736 @ 7.0% cap · market cap 7.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Gray
- County
- Cumberland
- State
- Maine
- Longitude
- -70.319885
- Latitude
- 43.885884
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Versatile two-unit home with decks, finished basement potential, and a heated detached two-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 $679,900.
What are key features of this property?
This property features: Two‑unit property with main unit (3 bedrooms) plus a second‑floor unit (2 bedrooms).; Main unit includes a private primary suite with jacuzzi tub and office area, plus a family room with cathedral ceilings.; Main unit opens to a private back deck from the family room and outdoor entertaining area via the kitchen.
