Two-Unit Residential Income
11 Tibbetts Street Brewer, ME 04412
For Sale
$269,000
MULTI_FAMILY - Colonial - Brewer, ME
Property Size2,100 SF
Lot Size0.11 Acres
Price / SF$128.10
Days on Market47
Property Features for 11 Tibbetts Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- HDR
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1, Basement
- Patio and Porch features
- Porch
- Basement
- Dirt Floor, Full, Unfinished
- Standard status
- Active
- Size
- 2,100 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3089
Utilities
- Sewer type
- Public Sewer
- Heating system
- Oil, Hot Water(Heating), Baseboard
- Water source
- Public
Building Details
- Year built
- 1900
- Number of units
- 2
- Flooring type
- Vinyl, Wood, Carpet
- Building materials
- Wood Frame, Vinyl Siding
- Roof type
- Shingle
- Architectural style
- Colonial
Listing Agency:
Realty of Maine
(207) 942-6310
Listed By:
Renee Hudgens · License #BR918538
(207) 991-4926
Added: Jun 8
Changed: Jul 9
Last Checked: Jul 24 at 4:06PM
MLS# 1665892
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.
Investment Insights
Based on property information with market context.
This two-unit duplex offers a spacious, well-maintained residential setup with two bedrooms and a full bath in each unit. The first-floor layout includes an updated kitchen, a dining area, and convenient washer/dryer hookups. The second-floor unit features an updated kitchen with an open-concept layout and a bright living space, along with two bedrooms. Recent property improvements include a newer roof and a newer oil tank.
The property is located at 11 Tibbetts Street in Brewer, Maine, within the HDR zoning designation. It is described as being just minutes from I-395, shopping and restaurants, and the Brewer waterfront.
The configuration is well-suited for investors seeking rental income from two separate units or owner-occupants who want to offset housing costs with a second residence. With updated kitchens and in-unit laundry hookups on the first floor, the units are positioned for tenants who value day-to-day convenience while the roof and oil tank upgrades support long-term property stewardship.
The property is located at 11 Tibbetts Street in Brewer, Maine, within the HDR zoning designation. It is described as being just minutes from I-395, shopping and restaurants, and the Brewer waterfront.
The configuration is well-suited for investors seeking rental income from two separate units or owner-occupants who want to offset housing costs with a second residence. With updated kitchens and in-unit laundry hookups on the first floor, the units are positioned for tenants who value day-to-day convenience while the roof and oil tank upgrades support long-term property stewardship.
Key Highlights
- Two‑unit property with Colonial style, built in 1900
- Updated kitchens in both units, with the second‑floor layout featuring an open‑concept living area
- First‑floor unit includes 2 bedrooms, a full bath, dining area, and washer/dryer hookups
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 | $29.0k | $13.80 |
| − Vacancy | −$1.5k | −$0.71 |
| EGI | $27.5k | $13.09 |
| − OpEx | −$8.2k | −$3.93 |
| NOI | $19.2k | $9.16 |
2,100 SF · lease $13.80/SF/yr · vacancy 5.13% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$274.9K
$240.6K – $320.8K
NOI $19,245 @ 7.0% cap · market cap 7.15%
Second Best
Apartment 5plus
$252.9K
$221.3K – $295.0K
NOI $17,701 @ 7.0% cap · market cap 6.58%
Theoretical Best
Office A
$678.2K
$593.5K – $791.3K
NOI $47,477 @ 7.0% cap · market cap 17.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two well-maintained units with updated kitchens and bedrooms, plus newer roof and oil tank for added reliability.
Where is this duplex located?
The property is located at 11 Tibbetts Street Brewer, ME.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: Two‑unit property with Colonial style, built in 1900; Updated kitchens in both units, with the second‑floor layout featuring an open‑concept living area; First‑floor unit includes 2 bedrooms, a full bath, dining area, and washer/dryer hookups
