Duplex with Oversized
For Sale
$799,999
574 River Road, Chelsea, ME 04330
Multi-Family, Chelsea, ME
Property Size2,128 SF
Lot Size2.54 Acres
Price / SF$375.94
Days on Market52
Property Features for 574 River Road
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Zoning
Res
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 3, Bathroom 1
Parking features
Carport
Interior features
1st Floor Bedroom, Shower
Lot features
Open, Level, Rural
Standard status
Active
Size
2,128 SF
Lot size
2.54 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
5516
Utilities
Sewer type
Private Sewer
Heating system
Radiant, Natural Gas, Electric (Heating), Heat Pump (Heating)
Cooling system
Wall Unit(s), Heat Pump
Water source
Private
Building Details
Year built
2021
Floors in Building
1
Number of units
2
Flooring type
Laminate
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Ranch
Listing Agency:
Keller Williams Realty
(207) 879-9800
Listed By:
Tyler Hall
(207) 592-3829
Added: Sep 16
Changed: Nov 2
Last Checked: Nov 6 at 11:06AM
MLS# 1680940
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.
Built in 2021, the 2,128-square-foot duplex contains two residential units: one with three bedrooms and two bathrooms, and another with one bedroom and one bathroom. The ranch-style building rests on a slab and includes radiant heat, heat pump systems, laminate flooring, and private water and sewer service.
A paved driveway leads to an oversized garage equipped with two garage doors, two 9,000-pound lifts, and a four-post lift. The garage also includes a lounge area and equipment associated with its current setup. Additional site improvements include a carport, parking area, and a covered storage structure incorporating two storage containers. The property encompasses 2.54 acres at 574 River Road in Chelsea, Maine.
A paved driveway leads to an oversized garage equipped with two garage doors, two 9,000-pound lifts, and a four-post lift. The garage also includes a lounge area and equipment associated with its current setup. Additional site improvements include a carport, parking area, and a covered storage structure incorporating two storage containers. The property encompasses 2.54 acres at 574 River Road in Chelsea, Maine.
Key Highlights
- Two‑unit duplex with a 3‑bedroom, 2‑bath unit and a 1‑bedroom, 1‑bath unit
- Built in 2021 with 2,128 square feet on a slab
- Oversized garage with two garage doors and two 9,000‑pound lifts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,765
Cap Rate
2.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$475,300
$475.3K
Cap Rate 7%
$339,500
$339.5K
Cap Rate 9%
$264,056
$264.1K
Market Conditions
NOI Build-Up for 2,128 SF
Gross rent
$34.5K $16.20/SF
− Vacancy
−$524 −$0.25/SF
EGI
$33.9K $15.95/SF
− OpEx
−$10.2K −$4.79/SF
NOI
$23.8K $11.17/SF
Area
Kennebec County, ME
Vacancy
1.52%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$475,300
Cap Rate 7%
$339,500
Cap Rate 9%
$264,056
Alternative Uses
Best Use
Multifamily LT 5
$339.5K
$297.1K – $396.1K
NOI $23,765 @ 7.0% cap · market cap 2.97%
Second Best
Apartment 5plus
$296.1K
$259.1K – $345.5K
NOI $20,730 @ 7.0% cap · market cap 2.59%
Theoretical Best
Warehouse
$3.17M
$2.78M – $3.70M
NOI $222,234 @ 7.0% cap · market cap 27.78%
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
68
Businesses Nearby
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Business Placement
Demographics for 04330, ME
26,322
Population
13,017
Households
2
Avg Household Size
44
Median Age
28%
College-Educated
95%
High-School Grad
116.9 sq mi
ZIP Area
225
Density / Sq Mi
$55,158
Median Household Income
$43,177
Median Earnings
$912
Median Rent
$197,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Kennebec County, ME
Properties on Market for Duplexes in Kennebec County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units accompany a lift-equipped garage and covered storage area on a private 2.54-acre property.
Where is this duplex located?
The property is located at 574 River Road Chelsea, ME.
What is the asking price?
The asking price for this property is $799,999.
What are key features of this property?
This property features: Two‑unit duplex with a 3‑bedroom, 2‑bath unit and a 1‑bedroom, 1‑bath unit; Built in 2021 with 2,128 square feet on a slab; Oversized garage with two garage doors and two 9,000‑pound lifts
