Two-Unit Duplex with Renovated
New
For Sale
$299,000
73 Parker Street, Brewer, ME 04412
Multi-Family, Brewer, ME
Property Size2,400 SF
Lot Size0.21 Acres
Price / SF$124.58
Days on Market1
Property Features for 73 Parker Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
res
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Basement
Patio and Porch features
Porch
Interior features
1st Floor Bedroom
Basement
Unfinished, Full
Lot features
Open, Level, Near Golf Course, Near Shopping, Near Turnpike/ Interstate, Near Town
Standard status
Active
Size
2,400 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3741
Utilities
Sewer type
Public Sewer
Heating system
Other (Heating), Steam, Natural Gas
Water source
Public
Water front features
Stream
Building Details
Year built
1900
Number of units
2
Flooring type
Wood, Carpet, Laminate, Vinyl
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Colonial
Additional Structures
Outbuilding
Listing Agency:
Landing Real Estate
(207) 775-7653
Listed By:
Andrew Lord
(207) 749-8198
Added: Oct 5
Last Checked: Oct 5 at 6:06PM
MLS# 1682908
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 2,400-square-foot duplex contains two residences on a 0.21-acre lot. The first-floor apartment has three bedrooms, a living room, an eat-in kitchen, and a private laundry room. The other apartment has one bedroom with a walk-in closet, an eat-in kitchen, and a living room; it was renovated down to the studs. Interior paint has been refreshed, heat pump water heaters were recently installed, and the furnace dates to 2020.
The property has a driveway with off-street parking and a grassy yard fenced on three sides. The Brewer River Walk and downtown Bangor are nearby. The building was constructed in 1900 and has a Colonial style, wood-frame construction, vinyl siding, and a porch.
The property has a driveway with off-street parking and a grassy yard fenced on three sides. The Brewer River Walk and downtown Bangor are nearby. The building was constructed in 1900 and has a Colonial style, wood-frame construction, vinyl siding, and a porch.
Key Highlights
- Two‑unit duplex with 2,400 square feet of building area
- First‑floor residence has three bedrooms; the other apartment has one bedroom
- 0.21‑acre lot with off‑street parking and a grassy yard fenced on three sides
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,995
Cap Rate
7.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$439,900
$439.9K
Cap Rate 7%
$314,214
$314.2K
Cap Rate 9%
$244,389
$244.4K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$33.1K $13.80/SF
− Vacancy
−$1.7K −$0.71/SF
EGI
$31.4K $13.09/SF
− OpEx
−$9.4K −$3.93/SF
NOI
$22.0K $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%
$439,900
Cap Rate 7%
$314,214
Cap Rate 9%
$244,389
Alternative Uses
Best Use
Multifamily LT 5
$314.2K
$274.9K – $366.6K
NOI $21,995 @ 7.0% cap · market cap 7.36%
Second Best
Apartment 5plus
$289.0K
$252.9K – $337.2K
NOI $20,229 @ 7.0% cap · market cap 6.77%
Theoretical Best
Office A
$775.1K
$678.2K – $904.3K
NOI $54,259 @ 7.0% cap · market cap 18.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,545
Businesses Nearby
Explore this area
Business Placement
Demographics for 04412, ME
9,672
Population
4,565
Households
2.1
Avg Household Size
43
Median Age
31%
College-Educated
95%
High-School Grad
15.2 sq mi
ZIP Area
636
Density / Sq Mi
$51,490
Median Household Income
$35,700
Median Earnings
$984
Median Rent
$218,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - One residence occupies the first floor; the renovated apartment includes an eat-in kitchen and a walk-in closet.
Where is this duplex located?
The property is located at 73 Parker Street Brewer, ME.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,400 square feet of building area; First‑floor residence has three bedrooms; the other apartment has one bedroom; 0.21‑acre lot with off‑street parking and a grassy yard fenced on three sides
