Duplex with Two
For Sale
$374,900
Pending
9 Main Street, Corinth, ME 04427
Move-in ready duplex with two completed units, attached heated 1-car garage, and detached 3-car garage on 1.16 acres.
Property Size3,063 SF
Lot Size1.16 Acres
Days on Market377
Property Features for 9 Main Street
General Information
Standard status
Pending
Size
3,063 SF
Total Parking Spaces
4
Lot size
1.16 Acres
Property subtype
Residential / Single Family Residence
Zoning
Rural
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,208
Amenities
yard
deck
laundry
walk-in tile shower
Hot Water, Baseboard
Interior, Walk-Out Access, Finished, Full, Exterior Only, Unfinished
Vinyl, Carpet
1st Floor Bedroom, 1st Floor Primary Bedroom w/Bath, Bathtub, Laundry - 1st Floor, One-Floor Living, Shower
Internet Access Available
Washer, Refrigerator, Gas Range, Dryer, Dishwasher
No
Yes
12
Exterior Only, Interior
3
5
Laundry - 1st Floor, Main Level
1st Floor Bedroom, 1st Floor Primary Bedroom w/Bath, Bathtub, One-Floor Living, Shower
Dishwasher, Dryer, Gas Range, Refrigerator, Washer
2
1.0
3.0
Deck
Metal
Gravel
Vinyl Siding
Building Details
Year Built
1999
Tenancy
Multi
Listing Agency:
NextHome Experience
Listed By:
Jaime Gilbert · License #BA927560,PersonLicenseNumber
(207) 343-1215
Source:
Compass
Added: Aug 28, 2025
Changed: Aug 8
Last Checked: Jul 31 at 11:32AM
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 NextHome Experience
Investment Insights
Based on property information with market context.
This move-in ready duplex is configured as two separate residential units. Unit one offers a main-floor living room, kitchen, master bedroom, and a full bathroom with laundry and walk-in tile shower, plus a finished basement with two additional bedrooms and a second bathroom. Unit two includes a first-floor living room, kitchen, dining area, bedroom, and a full bathroom with laundry, along with a finished basement featuring a bedroom and an office or exercise room.
The property includes an attached heated 1-car garage and a detached 3-car garage for added storage, along with decks and a large open yard. A survey has been completed, and 1.16 acres will convey with the property.
Per the seller’s remarks, the taxes are based on the full 4.7 acres.
The property includes an attached heated 1-car garage and a detached 3-car garage for added storage, along with decks and a large open yard. A survey has been completed, and 1.16 acres will convey with the property.
Per the seller’s remarks, the taxes are based on the full 4.7 acres.
Key Highlights
- Duplex with two completed units for flexible living or rental use
- 1.16‑acre lot with decks and a large open yard
- Attached heated 1‑car garage plus detached 3‑car garage for extra vehicle/storage space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,071
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.49%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$561,420
$561.4K
Cap Rate 7%
$401,014
$401.0K
Cap Rate 9%
$311,900
$311.9K
Market Conditions
NOI Build-Up for 3,063 SF
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.
Gross rent
$42.3K $13.80/SF
− Vacancy
−$2.2K −$0.71/SF
EGI
$40.1K $13.09/SF
− OpEx
−$12.0K −$3.93/SF
NOI
$28.1K $9.16/SF
Area
Penobscot County, ME
Vacancy
5.13%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$561,420
Cap Rate 7%
$401,014
Cap Rate 9%
$311,900
Alternative Uses
Best Use
Multifamily LT 5
$401.0K
$350.9K – $467.9K
NOI $28,071 @ 7.0% cap · market cap 7.49%
Second Best
Apartment 5plus
$368.8K
$322.7K – $430.3K
NOI $25,818 @ 7.0% cap · market cap 6.89%
Theoretical Best
Office A
$989.3K
$865.6K – $1.15M
NOI $69,248 @ 7.0% cap · market cap 18.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
Explore this area
Business Placement
Demographics for 04427, ME
2,900
Population
1,288
Households
2.3
Avg Household Size
41
Median Age
20%
College-Educated
94%
High-School Grad
40.3 sq mi
ZIP Area
72
Density / Sq Mi
$60,612
Median Household Income
$40,776
Median Earnings
$773
Median Rent
$123,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Move-in ready duplex with two completed units, attached heated 1-car garage, and detached 3-car garage on 1.16 acres.
Where is this duplex located?
The property is located at 9 Main Street Corinth, ME.
What is the asking price?
The asking price for this property is $374,900.
What are key features of this property?
This property features: Duplex with two completed units for flexible living or rental use; 1.16‑acre lot with decks and a large open yard; Attached heated 1‑car garage plus detached 3‑car garage for extra vehicle/storage space
