Two-Unit Duplex With Vacant
For Sale
$274,900
103 Chamberlain Street, Brewer, ME 04412
Duplex with one vacant 1-bedroom unit and one occupied 2-bedroom unit generating rental income.
Property Size1,585 SF
Price / SF$173.44
Days on Market124
Property Features for 103 Chamberlain Street
General Information
Standard status
Active
Size
1,585 SF
Property subtype
Multi-family
Additional Details
Multifamily Units
2
Building Details
Year Built
1900
Listing Agency:
NextHome Experience
Listed By:
Sarah Ryan · License #BA915441,PersonLicenseNumber
(707) 843-3879
Source:
Profoundrealestate
Added: Jun 26
Changed: Oct 27
Last Checked: Oct 26 at 4:34PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NextHome Experience
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Investment Insights
Based on property information with market context.
This two-unit duplex at 103 Chamberlain Street includes a vacant 1-bedroom, 1-bath unit and a currently occupied 2-bedroom, 1-bath unit. The layout provides flexibility for an owner-occupant scenario or continued rental income from the occupied unit.
Located in Brewer, the property offers convenient access to shopping, restaurants, schools, and local amenities, supporting practical daily living for tenants.
With one unit ready for immediate occupancy and the other producing rental income, this duplex can fit buyers seeking a straightforward two-family setup in Brewer.
Located in Brewer, the property offers convenient access to shopping, restaurants, schools, and local amenities, supporting practical daily living for tenants.
With one unit ready for immediate occupancy and the other producing rental income, this duplex can fit buyers seeking a straightforward two-family setup in Brewer.
Key Highlights
- Duplex at 103 Chamberlain Street, Brewer with two units
- Vacant unit: 1‑bedroom, 1‑bath ready for an owner‑occupant or new tenant
- Occupied unit: 2‑bedroom, 1‑bath generating rental income
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,526
Cap Rate
5.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$290,520
$290.5K
Cap Rate 7%
$207,514
$207.5K
Cap Rate 9%
$161,400
$161.4K
Market Conditions
NOI Build-Up for 1,585 SF
Gross rent
$21.9K $13.80/SF
− Vacancy
−$1.1K −$0.71/SF
EGI
$20.8K $13.09/SF
− OpEx
−$6.2K −$3.93/SF
NOI
$14.5K $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%
$290,520
Cap Rate 7%
$207,514
Cap Rate 9%
$161,400
Alternative Uses
Best Use
Multifamily LT 5
$207.5K
$181.6K – $242.1K
NOI $14,526 @ 7.0% cap · market cap 5.28%
Second Best
Apartment 5plus
$190.9K
$167.0K – $222.7K
NOI $13,360 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$511.9K
$447.9K – $597.2K
NOI $35,834 @ 7.0% cap · market cap 13.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
654
Businesses Nearby
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Duplex with one vacant 1-bedroom unit and one occupied 2-bedroom unit generating rental income.
Where is this duplex located?
The property is located at 103 Chamberlain Street Brewer, ME.
What is the asking price?
The asking price for this property is $274,900.
What are key features of this property?
This property features: Duplex at 103 Chamberlain Street, Brewer with two units; Vacant unit: 1‑bedroom, 1‑bath ready for an owner‑occupant or new tenant; Occupied unit: 2‑bedroom, 1‑bath generating rental income
