Orrington, ME 04474, Orrington, ME 04474
MULTI_FAMILY - Cape Cod - Orrington, ME
Property Features
General Information
Taxes and HOA fees
Utilities
Building Details
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Investment Insights
Based on property information with market context.
The duplex is located in Orrington, ME, about 3 miles from the bridge, and is described as close to a hospital and a university. Utilities include public water, with private sewer through a septic tank system.
With its established two-unit configuration, the property is positioned as an income-producing option in a residential setting under Residential zoning.
Key Highlights
- Two‑unit duplex with first‑floor bedroom and first‑floor primary bedroom with bath
- 1 acre lot with 1,772 SF property size
- Garage with storage plus porch
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 | $24.5k | $13.80 |
| − Vacancy | −$1.3k | −$0.71 |
| EGI | $23.2k | $13.09 |
| − OpEx | −$7.0k | −$3.93 |
| NOI | $16.2k | $9.16 |
Alternative Uses
Property Analytics
Current Use
Lease Details
Location Intelligence
Trade Area within ½ mile
Demographics for 04474, ME
Market
Vacancy Rate% for Multifamily in Northeast region