Two-Unit Duplex Near
For Sale
$579,000
124 Brackett Street, Westbrook, ME 04092
Both residences are leased through September 2026, providing existing occupancy for the next owner.
Property Size2,071 SF
Price / SF$279.58
Days on Market219
Property Features for 124 Brackett Street
General Information
Standard status
Active
Size
2,071 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,637
Amenities
Window Unit(s)
Oil, Forced Air
Doghouse, Interior Entry, Full, Unfinished
Laminate, Tile, Vinyl, Wood
1st Floor Bedroom, Bathtub, Fenced, Shower, Walk-in Closets
Yes
2
1st Floor Bedroom, Bathtub, Shower, Walk-In Closet(s)
2.0
Porch
Shingle
Fenced
Building Details
Year Built
1940
Tenancy
Multi
Listing Agency:
Keller Williams Realty
Listed By:
Amy Sheehan · License #SA925115
(207) 214-3763
Source:
Compass
Added: Mar 13
Changed: Oct 16
Last Checked: Oct 16 at 10:49AM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
Located at 124 Brackett Street in Westbrook, Maine, this two-unit duplex contains 2,071 square feet and was constructed in 1940. The property features forced-air heating, wood-frame construction, and a combination shingle and clapboard exterior. Off-street parking adds functional convenience for residents.
Both units are leased to long-term tenants through September 2026. The property is positioned near downtown Westbrook, with shops, restaurants, and other area amenities nearby. Its two-unit configuration and existing leases provide a straightforward residential income property profile for an investor or an owner-occupant.
Both units are leased to long-term tenants through September 2026. The property is positioned near downtown Westbrook, with shops, restaurants, and other area amenities nearby. Its two-unit configuration and existing leases provide a straightforward residential income property profile for an investor or an owner-occupant.
Key Highlights
- Two‑unit duplex containing 2,071 square feet
- Both units leased through Sept 2026
- Constructed in 1940
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,598
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$731,960
$732.0K
Cap Rate 7%
$522,829
$522.8K
Cap Rate 9%
$406,644
$406.6K
Market Conditions
NOI Build-Up for 2,071 SF
Gross rent
$55.9K $27.00/SF
− Vacancy
−$3.6K −$1.76/SF
EGI
$52.3K $25.25/SF
− OpEx
−$15.7K −$7.57/SF
NOI
$36.6K $17.67/SF
Area
Cumberland County, ME
Vacancy
6.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$731,960
Cap Rate 7%
$522,829
Cap Rate 9%
$406,644
Alternative Uses
Best Use
Multifamily LT 5
$522.8K
$457.5K – $610.0K
NOI $36,598 @ 7.0% cap · market cap 6.32%
Second Best
Apartment 5plus
$486.4K
$425.6K – $567.5K
NOI $34,048 @ 7.0% cap · market cap 5.88%
Theoretical Best
Office A
$569.2K
$498.1K – $664.1K
NOI $39,845 @ 7.0% cap · market cap 6.88%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
647
Businesses Nearby
Explore this area
Business Placement
Demographics for 04092, ME
20,400
Population
9,404
Households
2.2
Avg Household Size
40
Median Age
40%
College-Educated
96%
High-School Grad
17.2 sq mi
ZIP Area
1,186
Density / Sq Mi
$85,868
Median Household Income
$49,922
Median Earnings
$1,373
Median Rent
$341,800
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
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are leased through September 2026, providing existing occupancy for the next owner.
Where is this duplex located?
The property is located at 124 Brackett Street Westbrook, ME.
What is the asking price?
The asking price for this property is $579,000.
What are key features of this property?
This property features: Two‑unit duplex containing 2,071 square feet; Both units leased through Sept 2026; Constructed in 1940
