Two-Unit Duplex with Off-Street
124 Brackett Street, Westbrook, ME 04092
For Sale
$579,000
Multi-Family, Westbrook, ME
Property Size2,292 SF
Lot Size0.12 Acres
Price / SF$252.62
Days on Market123
Property Features for 124 Brackett Street
General Information
Property type
Property subtype
Zoning
Bathrooms
Full bathrooms
Rooms
Parking features
Patio and Porch features
Interior features
Fencing
Basement
Lot features
Standard status
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
off-street parking
shared laundry
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Architectural style
Listing Agency:
Waypoint Brokers Collective
(207) 804-2012
Listed By:
Brandon Gallagher
(207) 939-3170
Added: Jul 12
Changed: Nov 2
Last Checked: Nov 11 at 5:06AM
MLS# 1669075
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.
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Investment Insights
Based on property information with market context.
This 1940 wood-frame duplex at 124 Brackett Street contains 2,292 square feet arranged as two 3-bedroom, 1-bathroom apartments. The units include high ceilings, natural light, generous living areas, oversized galley kitchens, and space for dining or a home office. Interior finishes include tile, wood, vinyl, and laminate flooring, while heating is provided by oil-fired forced air and cooling by window units. Off-street parking and a shared basement laundry area support the two-unit configuration.
The property occupies 0.12 acres in Westbrook, Maine, with public water and public sewer service. Additional exterior features include a porch, fenced areas, and a shingle roof. The property is fully leased and located near shopping, dining, schools, and major commuter routes.
The property occupies 0.12 acres in Westbrook, Maine, with public water and public sewer service. Additional exterior features include a porch, fenced areas, and a shingle roof. The property is fully leased and located near shopping, dining, schools, and major commuter routes.
Key Highlights
- Two 3‑bedroom, 1‑bathroom apartments
- 2,292 square feet on a 0.12‑acre lot
- Fully leased two‑unit property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,503
Cap Rate
7.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$810,060
$810.1K
Cap Rate 7%
$578,614
$578.6K
Cap Rate 9%
$450,033
$450.0K
Market Conditions
NOI Build-Up for 2,292 SF
Gross rent
$61.9K $27.00/SF
− Vacancy
−$4.0K −$1.76/SF
EGI
$57.9K $25.25/SF
− OpEx
−$17.4K −$7.57/SF
NOI
$40.5K $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%
$810,060
Cap Rate 7%
$578,614
Cap Rate 9%
$450,033
Alternative Uses
Best Use
Multifamily LT 5
$578.6K
$506.3K – $675.1K
NOI $40,503 @ 7.0% cap · market cap 7.00%
Second Best
Apartment 5plus
$538.3K
$471.0K – $628.0K
NOI $37,682 @ 7.0% cap · market cap 6.51%
Theoretical Best
Office A
$630.0K
$551.2K – $735.0K
NOI $44,097 @ 7.0% cap · market cap 7.62%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
647
Businesses Nearby
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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
$341,800
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Cumberland County, ME
Properties on Market for Duplexes in Cumberland County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Fully leased duplex with shared basement laundry, porch, and separate residential living spaces.
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 3‑bedroom, 1‑bathroom apartments; 2,292 square feet on a 0.12‑acre lot; Fully leased two‑unit property
