12 School Street, Brewer, ME 04412
MULTI_FAMILY - Brewer, ME
- Added:
- Jun 20, 2026
- Days on Market:
- 18
- Last Refresh:
- Jul 7 at 2:06 am
Property Features for 12 School Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- HDR
- Bathrooms
- 2
- Rooms
- Basement, Bathroom 1, Bathroom 2
- Patio and Porch features
- Porch
- Interior features
- One-Floor Living
- Basement
- Partial, Unfinished
- Standard status
- Active
- Size
- 1,734 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3138
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard, Natural Gas, Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1900
- Number of units
- 2
- Flooring type
- Carpet, Wood, Vinyl
- Building materials
- Wood Frame, Asbestos
- Roof type
- Shingle, Metal
Listing agent Scott Basso (207) 299-5158
Listing office Better Homes & Gardens Real Estate/The Masiello Group 1162 Union Street, Bedford, ME (207) 942-6711
Listing date Jun 20, 2026
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.
HighLights
- Duplex built in 1900 with one‑floor living
- New kitchen reported in recent renovations
- Hardwood floors plus carpet, wood, and vinyl flooring
- Heating includes natural gas hot water and baseboard heat
- Public water and public sewer service
- Roof includes shingle and metal; wood frame construction with asbestos
Overview
Located in Brewer, Maine, the property is described as being in a central location. It sits on a 0.13-acre lot and has a total building area of 1,734 square feet. The property is listed under HDR zoning, which may be relevant to how the asset is utilized and managed by a prospective buyer.
For tenants and operators, a duplex can support diversified household configurations compared to a single-family home, and updates like new kitchen components can reduce near-term maintenance concerns tied to visible interior finishes. For buyers, the combination of hardwood floors and the newly completed kitchen work provides a clear, tangible improvement set within a duplex format. As with any residential income purchase, prospective buyers are encouraged to review the full scope of the renovations and duplex layout to confirm it aligns with their operating plans.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $23.9k | $13.80 |
| − Vacancy | −$1.2k | −$0.71 |
| EGI | $22.7k | $13.09 |
| − OpEx | −$6.8k | −$3.93 |
| NOI | $15.9k | $9.16 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Brewer
- County
- Penobscot
- State
- Maine
- Longitude
- -68.766644
- Latitude
- 44.792841
