Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Brewer Maine Multi-Family Investment Title is generated by Realmo AI

    534 South Main Street, Brewer, ME 04412

    View on Map
    Claim this Listing
    For Sale
    $579,000

    Residential Multi Family, Other - Brewer, ME

    Lot size:
    0.58 Acres
    Added:
    Mar 3, 2026
    Days on Market:
    77
    Last Refresh:
    May 19 at 2:06 pm

    Property Features for 534 South Main Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bathrooms
    5
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5
    Standard status
    Active
    Lot size
    0.58 Acres

    Building Details

    Year built
    1850
    Architectural style
    Other

    We can help!

    Listing Contact
    The Morrison Group

    Listing agent The Morrison Group License #BA923725,PersonLicenseNumber

    Listing office NextHome Experience 57 Washington St., ME

    Listing date Mar 3, 2026

    MLS# 1653195 Listing URL

    Copyright © 2026 NextHome, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Turnkey 5‑unit multi‑family property with a strong unit mix (three 1‑bedroom, two 2‑bedroom apartments).
    • Excellent rental flexibility and steady income potential.
    • Centrally located in Brewer, Maine, close to local shops, restaurants, and everyday amenities.
    • Large driveway with ample off‑street parking.
    • Current rents total $4981 with one vacant unit.
    • Easy access to surrounding towns while maintaining a desirable neighborhood setting.

    Overview

    This centrally located multi-family property in Brewer, Maine, presents a turnkey investment opportunity. The property features five units, including three 1-bedroom apartments and two 2-bedroom apartments, offering rental flexibility and income potential. A large driveway provides ample off-street parking. The building is situated close to local shops, restaurants, and everyday amenities, offering access to surrounding towns while maintaining a neighborhood setting. The property is located at 534 South Main Street, Brewer, ME 04412 and sits on a 0.58-acre lot. The property's yearly expenses include approximately $4,400 for natural gas, $1,500 for electricity, and $4,800 for water and sewer. Estimated maintenance costs range from $700 to $800. Current rents are $1150, $1200, $1450, and $1181, with one unit currently vacant.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brewer
    County
    Penobscot
    State
    Maine
    Longitude
    -68.7797546
    Latitude
    44.7708244

    Nearby Similar for Sale

    • $924,900
      6,530 SF

      Commercial Property in Brewer, Maine

      Functional commercial property suitable for contractors, trades, or service businesses.
      19 Sparks Avenue, Brewer, ME 04412
      View Details
    • $525,000
      3,726 SF

      Commercial Property in Brewer, Maine

      Mixed-use commercial property for sale in Brewer, Maine.
      583 S Main Street, Brewer, ME 04412
      View Details
    • $575,000
      4,782 SF

      Unique Brewer Mixed-Use Property

      Distinctive Mansard-style property with endless possibilities in Brewer, Maine.
      156 N Main Street, Brewer, ME 04412
      View Details
    • $525,000
      5,510 SF

      Commercial Property in Brewer, Maine

      Commercial property for sale in Brewer, Maine, with CB zoning.
      483 S Main Street, Brewer, ME 04457
      View Details
    • $260,000
      1,734 SF

      Charming Duplex in Central Location

      Duplex with hardwood floors, new kitchen, ideal for investors.
      12 School Street, Brewer, ME 04412
      View Details
    • $299,000

      Updated Duplex in Convenient Location

      Updated two-unit property in Brewer, ideal for investors or homeowners.
      192 Wilson Street, Brewer, ME 04412
      View Details
    • $944,900
      6,530 SF

      Commercial Property in Brewer, Maine

      Functional commercial property suitable for contractors and service-based businesses.
      19 Sparks Ave, Brewer, ME 04412
      View Details
    • $589,000
      3,604 SF

      Brewer Maine Turnkey Investment Opportunity

      Centrally located 5-unit multi-family property with income potential.
      534 South Main Street, Brewer, ME 04412
      View Details
    • $375,000

      Mixed-Use Property in Brewer, Maine

      Multifamily property with commercial space, ideal for investors.
      99 State Street, Brewer, ME 04412
      View Details
    • $450,000
      2,333 SF

      MULTI_FAMILY - Colonial - Brewer, ME

      185 Elm Street, Brewer, ME 04412
      View Details

    FAQs

    What type of property is this?
    Apartment building - Turnkey 5-unit property with strong rental income potential.
    Where is this apartment building located?
    The property is located at 534 South Main Street Brewer, ME.
    What is the asking price?
    The asking price for this property is $579,000.
    What are key features of this property?
    This property features: Turnkey 5‑unit multi‑family property with a strong unit mix (three 1‑bedroom, two 2‑bedroom apartments).; Excellent rental flexibility and steady income potential.; Centrally located in Brewer, Maine, close to local shops, restaurants, and everyday amenities.
    (207) 343-0143
    We can help!
    Listing Contact
    The Morrison Group
    Real Estate License ID: BA923725,PersonLicenseNumber
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    534 South Main Street, Brewer, ME 04412
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!