124 Brackett Street, Westbrook, ME 04092
MULTI_FAMILY - Other - Westbrook, ME
- Added:
- Jun 26, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 27 at 1:06 pm
Property Features for 124 Brackett Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- 11
- Bathrooms
- 2
- Rooms
- Basement, Bathroom 1, Bathroom 2
- Parking features
- Off Street
- Patio and Porch features
- Porch
- Interior features
- Walk-in Closets, 1st Floor Bedroom, Bathtub, Shower
- Fencing
- Fenced
- Basement
- Unfinished, Full
- Standard status
- Active
- Size
- 2,292 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5637
Utilities
- Sewer type
- Public Sewer
- Heating system
- Oil, Forced Air
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1940
- Number of units
- 2
- Flooring type
- Wood, Vinyl, Tile, Laminate
- Building materials
- Wood Frame, Asbestos, Shingle Siding
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Brandon Gallagher (207) 939-3170
Listing office Waypoint Brokers Collective 190 Middle Street Suite 703, Portland, ME (207) 804-2012
Listing date Jun 26, 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
- Fully leased 2‑family property with two 3‑bedroom, 1‑bath units
- Generates $5,200/month rental income (as stated in remarks)
- Shared laundry in the basement plus off‑street parking
- Interior features include walk‑in closets, 1st‑floor bedroom, bathtub, and shower
- Heating: oil forced air; cooling: window unit(s)
- Built in 1940 with shingle roof, wood frame construction, and shingle siding; fenced yard
Overview
The property is located at 124 Brackett Street in Westbrook, Maine (04092). According to the listing remarks, it is positioned close to shopping, dining, schools, and major commuter routes, supporting its appeal for tenant accessibility.
For buyers seeking a turnkey setup, the building is currently occupied and generating stated rental income of $5,200 per month. The two-unit configuration provides rental diversification within a single asset, while the shared basement laundry and off-street parking are straightforward amenities that can help reduce operational friction. With two spacious apartment layouts already in place, this property is structured for immediate income rather than a lease-up plan.
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 | $61.9k | $27.00 |
| − Vacancy | −$4.0k | −$1.76 |
| EGI | $57.9k | $25.25 |
| − OpEx | −$17.4k | −$7.57 |
| NOI | $40.5k | $17.67 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Westbrook
- County
- Cumberland
- State
- Maine
- Longitude
- -70.367393
- Latitude
- 43.672383
