Renovated Duplex with Hardwood
For Sale
$224,444
12 School St, Brewer, ME 04412
Two-unit residential property featuring updated kitchen finishes and hardwood flooring throughout.
Property Size1,734 SF
Price / SF$129.44
Days on Market68
Property Features for 12 School St
General Information
Standard status
Active
Size
1,734 SF
Property subtype
Multi-Family
Building Details
Year Built
1900
Listing Agency:
Better Homes & Gardens Real Estate/The Masiello Group
Listed By:
Scott Basso
(207) 299-5158
Source:
Lawanaandcompany
Added: Aug 9
Changed: Oct 9
Last Checked: Oct 14 at 11:49PM
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 Better Homes & Gardens Real Estate/The Masiello Group
Investment Insights
Based on property information with market context.
This duplex offers 1,734 square feet of residential space in a two-unit configuration. Built in 1900, the property retains hardwood flooring that adds character across the interior. The kitchen has been newly updated, bringing refreshed finishes and functionality to the central living area.
Recent renovation work provides a more contemporary interior while preserving the building’s established residential character. The property is located at 12 School St in Brewer, Maine, with a 04412 ZIP code.
Recent renovation work provides a more contemporary interior while preserving the building’s established residential character. The property is located at 12 School St in Brewer, Maine, with a 04412 ZIP code.
Key Highlights
- Duplex with 1,734 square feet of residential space
- Built in 1900
- Hardwood flooring throughout the interior
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,891
Cap Rate
7.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$317,820
$317.8K
Cap Rate 7%
$227,014
$227.0K
Cap Rate 9%
$176,567
$176.6K
Market Conditions
NOI Build-Up for 1,734 SF
Gross rent
$23.9K $13.80/SF
− Vacancy
−$1.2K −$0.71/SF
EGI
$22.7K $13.09/SF
− OpEx
−$6.8K −$3.93/SF
NOI
$15.9K $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%
$317,820
Cap Rate 7%
$227,014
Cap Rate 9%
$176,567
Alternative Uses
Best Use
Multifamily LT 5
$227.0K
$198.6K – $264.9K
NOI $15,891 @ 7.0% cap · market cap 7.08%
Second Best
Apartment 5plus
$208.8K
$182.7K – $243.6K
NOI $14,616 @ 7.0% cap · market cap 6.51%
Theoretical Best
Office A
$560.0K
$490.0K – $653.4K
NOI $39,202 @ 7.0% cap · market cap 17.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,120
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property featuring updated kitchen finishes and hardwood flooring throughout.
Where is this duplex located?
The property is located at 12 School St Brewer, ME.
What is the asking price?
The asking price for this property is $224,444.
What are key features of this property?
This property features: Duplex with 1,734 square feet of residential space; Built in 1900; Hardwood flooring throughout the interior
