Two-Unit Duplex With Vacant
For Sale
$284,900
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$179.75
Days on Market59
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
(603) 866-2942
Source:
Profoundrealestate
Added: Jul 16
Changed: Sep 11
Last Checked: Sep 12 at 10:43AM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,526
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.10%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 5.10%
Second Best
Apartment 5plus
$190.9K
$167.0K – $222.7K
NOI $13,360 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$511.9K
$447.9K – $597.2K
NOI $35,834 @ 7.0% cap · market cap 12.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
654
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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Cap Rate, Value Estimation, Potential NOI and more
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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 - 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 $284,900.
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
