Two-Unit Residential Income
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:
- Jul 7, 2026
- Days on Market:
- 3
- Last Refresh:
- Jul 9 at 3:06 am
Property Features for 56 Yarmouth Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- MD
- Bathrooms
- 2
- Rooms
- Basement, Bathroom 1, Bathroom 2
- Parking features
- Heated
- Patio and Porch features
- Porch, Deck
- Interior features
- 1st Floor Primary Bedroom w/Bath, Storage
- Basement
- Full, Finished, 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
- Baseboard, Hot Water(Heating), Oil, Propane (Heating)
- Water source
- Public
Building Details
- Year built
- 1945
- Number of units
- 2
- Flooring type
- Wood, Carpet, Tile
- 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 Jul 7, 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, including 1st floor primary bedroom with private bath
- Main unit includes a family room with cathedral ceilings and a deck; kitchen has direct access to the outdoor entertaining area
- Second‑floor unit offers an open‑concept kitchen, living, and dining area, plus 2 bedrooms and 1 full bath
- Finished basement can support additional living space, home office, gym, or recreation
- Detached heated 2‑car garage with ample storage above, plus deck and porch
- Built in 1945; wood frame with vinyl siding, shingle roof, public water and public sewer
Overview
This two-unit duplex offers a versatile layout spread across a main unit and a second-floor unit. The main unit includes three bedrooms, highlighted by a private primary suite with a jacuzzi tub and an office area, plus a cathedral-ceiling family room with abundant natural light that opens to a private back deck. The open kitchen also provides direct access to the outdoor entertaining area, and the main unit is completed by a living room, two additional bedrooms, a full bath, and a half bath. A finished basement adds further usable space for a variety of needs, including living space, a home office, a gym, or recreation. The second-floor unit features an open-concept kitchen, living, and dining area, along with two bedrooms and a full bath, plus access to a private second-floor deck overlooking the backyard.
Set on a large private lot, the property includes a detached two-car garage that is heated, with ample storage space above. Open houses are scheduled for Saturday and Sunday from 10:00 AM to 12:00 PM.
The configuration supports practical scenarios for an owner-occupant or multi-generational household seeking separation while keeping shared property access and outdoor space. It also suits buyers looking for a two-unit residential setup with dedicated decks, multiple baths, and additional finished basement space for flexible day-to-day use.
Set on a large private lot, the property includes a detached two-car garage that is heated, with ample storage space above. Open houses are scheduled for Saturday and Sunday from 10:00 AM to 12:00 PM.
The configuration supports practical scenarios for an owner-occupant or multi-generational household seeking separation while keeping shared property access and outdoor space. It also suits buyers looking for a two-unit residential setup with dedicated decks, multiple baths, and additional finished basement space for flexible day-to-day use.
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 - Two spacious units with private outdoor decks and a heated two-car garage, offering flexible living or rental configurations.
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, including 1st floor primary bedroom with private bath; Main unit includes a family room with cathedral ceilings and a deck; kitchen has direct access to the outdoor entertaining area; Second‑floor unit offers an open‑concept kitchen, living, and dining area, plus 2 bedrooms and 1 full bath
