11 Tibbetts Street, Brewer, ME 04412
MULTI_FAMILY - Colonial - Brewer, ME
- Added:
- Jun 8, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 9 at 2:06 pm
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
- Unfinished, Dirt Floor, Full
- 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
- Hot Water(Heating), Baseboard, Oil
- 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 agent Renee Hudgens License #918538 (207) 991-4926
Listing office Realty of Maine 458 Main Street, Bangor, ME (207) 942-6310
Listing date Jun 8, 2026
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.
HighLights
- Two‑unit property with Colonial architectural style, built in 1900
- First‑floor unit has an updated kitchen, dining area, 2 bedrooms, full bath, and washer/dryer hookups
- Second‑floor unit includes an updated kitchen with open‑concept layout, bright living space, and 2 bedrooms
- Recent improvements reported: newer roof and newer oil tank
- Utilities include public water and public sewer
- Heating system includes oil and hot water (baseboard)
Overview
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.
Local 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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Brewer
- County
- Penobscot
- State
- Maine
- Longitude
- -68.778323
- Latitude
- 44.775535
