Building Details

Year Built 1900

Listing Agency: Keller Williams Realty

Listed By: Karyn MacGrath Show Phone

Source: Aroostookrealestate

Added: Jul 20 Changed: Sep 15 Last Checked: Oct 7 at 3:27PM

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Investment Insights

Based on property information with market context.

This duplex-style farmhouse, built in 1900, provides two distinct living areas within a classic residential setting. The upper level includes a kitchen and separate living space, while the unfinished third floor offers additional flexibility. Original character details include fireplaces in the living room and primary bedroom, French doors, and stained glass accents.

Expansive barns add substantial utility for workshop, storage, homesteading, or hobby-farm purposes. The property overlooks the first green of Turner Highlands Golf Course, with an active orchard across N Parish Rd and western views toward the White Mountains. The layout supports independent living arrangements while retaining shared gathering areas within the home.

Key Highlights

• Duplex configuration with two separate living spaces
• Second‑floor kitchen and living area for independent occupancy
• Unfinished third floor provides additional adaptable space

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$35,152

Cap Rate

6.39%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$703,040 $703.0K

Cap Rate 7%

$502,171 $502.2K

Cap Rate 9%

$390,578 $390.6K

Market Conditions

NOI Build-Up for 3,564 SF

Gross rent

$50.9K $14.28/SF

− Vacancy

−$677 −$0.19/SF

EGI

$50.2K $14.09/SF

− OpEx

−$15.1K −$4.23/SF

NOI

$35.2K $9.86/SF

Area

Androscoggin County, ME

Vacancy

1.33%

Lease Rate

$14.28 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$703,040

Cap Rate 7%

$502,171

Cap Rate 9%

$390,578

Alternative Uses

Best Use

Multifamily LT 5

$502.2K

$439.4K – $585.9K (±1% cap)

NOI $35,152 @ 7.0% cap · market cap 6.39%

Second Best

Apartment 5plus

$477.1K

$417.5K – $556.6K (±1% cap)

NOI $33,398 @ 7.0% cap · market cap 6.07%

Theoretical Best

Warehouse

$6.33M

$5.54M – $7.38M (±1% cap)

NOI $443,095 @ 7.0% cap · market cap 80.56%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Electrical Service Auto Repair Shop Daycare Center Restaurant Shopping Center & Mall

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

11

Businesses Nearby

Explore this area Business Placement

Demographics for 04282, ME

5,817

Population

2,431

Households

2.4

Avg Household Size

43

Median Age

19%

College-Educated

97%

High-School Grad

59.3 sq mi

ZIP Area

98

Density / Sq Mi

$87,981

Median Household Income

$39,625

Median Earnings

$588

Median Rent

$254,400

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Classic farmhouse with separate upper-level living, an unfinished third floor, and expansive barns overlooking a golf course.

Where is this duplex located?

The property is located at 775 N Parish Rd Turner, ME.

What is the asking price?

The asking price for this property is $550,000.

What are key features of this property?

This property features: Duplex configuration with two separate living spaces; Second‑floor kitchen and living area for independent occupancy; Unfinished third floor provides additional adaptable space