Two-Unit Cape Cod
New
For Sale
$329,900
Orrington, ME 04474, Orrington, ME 04474
Multi-Family, Orrington, ME
Property Size1,772 SF
Lot Size0.50 Acres
Price / SF$186.17
Days on Market4
Property Features
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bathroom 2, Bathroom 1
Patio and Porch features
Porch
Interior features
1st Floor Bedroom, 1st Floor Primary Bedroom w/Bath
Basement
Walk-Out Access, Full, Unfinished
Lot features
Open, Level, Rural
Standard status
Active
Size
1,772 SF
Lot size
0.50 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
2330
Utilities
Sewer type
Private Sewer, Septic Tank
Heating system
Baseboard, Forced Air, Hot Water(Heating), Oil
Water source
Public
Amenities
garage
storage
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Flooring type
Vinyl, Linoleum
Building materials
Wood Frame, Vinyl Siding
Roof type
Fiberglass, Shingle
Architectural style
Cape Cod
Listing Agency:
Realty of Maine
Listed By:
Douglas Damon
(207) 942-6310
Added: Oct 29
Last Checked: Nov 1 at 5:06AM
MLS# 1654799
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.
This two-unit Cape Cod duplex contains 1,772 square feet on a 0.5-acre lot. Built in 1900, the wood-frame building has vinyl siding, a porch, and a garage with storage. Interior features include a first-floor bedroom and a first-floor primary bedroom with a bath. Heating is provided by baseboard, forced air, and hot water systems using oil; the property has public water and a private septic system.
The property is in Orrington, 3 miles from a bridge and close to a hospital and university. Residential zoning is listed for the site.
The property is in Orrington, 3 miles from a bridge and close to a hospital and university. Residential zoning is listed for the site.
Key Highlights
- Two‑unit duplex with 1,772 square feet of building area
- 0.5‑acre lot in Orrington
- Built in 1900; Cape Cod architectural style
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,239
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$324,780
$324.8K
Cap Rate 7%
$231,986
$232.0K
Cap Rate 9%
$180,433
$180.4K
Market Conditions
NOI Build-Up for 1,772 SF
Gross rent
$24.5K $13.80/SF
− Vacancy
−$1.3K −$0.71/SF
EGI
$23.2K $13.09/SF
− OpEx
−$7.0K −$3.93/SF
NOI
$16.2K $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 Rate 5%
$324,780
Cap Rate 7%
$231,986
Cap Rate 9%
$180,433
Alternative Uses
Best Use
Multifamily LT 5
$232.0K
$203.0K – $270.7K
NOI $16,239 @ 7.0% cap · market cap 4.92%
Second Best
Apartment 5plus
$213.4K
$186.7K – $248.9K
NOI $14,936 @ 7.0% cap · market cap 4.53%
Theoretical Best
Office A
$572.3K
$500.8K – $667.7K
NOI $40,061 @ 7.0% cap · market cap 12.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
32
Businesses Nearby
Explore this area
Business Placement
Demographics for 04474, ME
3,812
Population
1,739
Households
2.2
Avg Household Size
47
Median Age
40%
College-Educated
98%
High-School Grad
25.0 sq mi
ZIP Area
152
Density / Sq Mi
$92,583
Median Household Income
$53,571
Median Earnings
$1,072
Median Rent
$239,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The property includes a garage with storage and a first-floor bedroom with an adjoining bath.
Where is this duplex located?
The property is located at Orrington, ME.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,772 square feet of building area; 0.5‑acre lot in Orrington; Built in 1900; Cape Cod architectural style
