Renovated Duplex with New
12 School Street Brewer, ME 04412
New
For Sale
$229,444
MULTI_FAMILY - Brewer, ME
Property Size1,734 SF
Lot Size0.13 Acres
Price / SF$132.32
Days on Market2
Property Features for 12 School Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
HDR
Bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Basement
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, Hot Water(Heating), Natural Gas
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 Agency:
Better Homes & Gardens Real Estate/The Masiello Group
(207) 942-6711
Listed By:
Scott Basso
(207) 299-5158
Added: Jul 29
Last Checked: Jul 30 at 5:06AM
MLS# 1662518
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 renovated duplex at 12 School Street in Brewer includes hardwood flooring and a brand-new kitchen at the heart of the home. The property has been updated with recent renovations, bringing a fresh, contemporary look to the interior while maintaining the classic character associated with hardwood floors.
Set on a 0.13-acre lot, the duplex falls under HDR zoning. The listing size is 1,734 square feet, supported by the property details provided.
As presented, this duplex offers a straightforward residential income configuration with interior renovations already completed, positioning it for buyers looking for a turn-key property condition.
Set on a 0.13-acre lot, the duplex falls under HDR zoning. The listing size is 1,734 square feet, supported by the property details provided.
As presented, this duplex offers a straightforward residential income configuration with interior renovations already completed, positioning it for buyers looking for a turn-key property condition.
Key Highlights
- Duplex built in 1900 offering one‑floor living
- New kitchen as part of recent updates
- Hardwood floors plus carpet and vinyl flooring throughout
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 |
1,734 SF · lease $13.80/SF/yr · vacancy 5.13% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$227.0K
$198.6K – $264.9K
NOI $15,891 @ 7.0% cap · market cap 6.93%
Second Best
Apartment 5plus
$208.8K
$182.7K – $243.6K
NOI $14,616 @ 7.0% cap · market cap 6.37%
Theoretical Best
Office A
$560.0K
$490.0K – $653.4K
NOI $39,202 @ 7.0% cap · market cap 17.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Duplex in Brewer featuring hardwood flooring and a recently updated kitchen within a renovated residential income property.
Where is this duplex located?
The property is located at 12 School Street Brewer, ME.
What is the asking price?
The asking price for this property is $229,444.
What are key features of this property?
This property features: Duplex built in 1900 offering one‑floor living; New kitchen as part of recent updates; Hardwood floors plus carpet and vinyl flooring throughout
