5-Unit Apartment
For Sale
$585,000
127-129 Brunswick Ave, Gardiner, ME 04345
Fully occupied multifamily property with five rented units and an established tenant base.
Property Size4,596 SF
Price / SF$127.28
Days on Market49
Property Features for 127-129 Brunswick Ave
General Information
Standard status
Active
Size
4,596 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
5
Building Details
Year Built
1880
Tenancy
Multi
Listed By:
Doug Schauf · License #BA917314
(207) 838-5593
Source:
Makemaineyourhome
Added: Sep 14
Changed: Oct 31
Last Checked: Nov 1 at 5:46AM
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 Doug Schauf
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Investment Insights
Based on property information with market context.
This 4,596-square-foot apartment building contains five units and was built in 1880. All units are currently rented, providing an established occupancy profile for a multifamily owner.
Located at 127-129 Brunswick Avenue in Gardiner, the property is minutes from downtown and nearby shops, restaurants, services, parks, and the Kennebec River. The five-unit configuration offers a clear residential income property format in a central Gardiner setting.
Located at 127-129 Brunswick Avenue in Gardiner, the property is minutes from downtown and nearby shops, restaurants, services, parks, and the Kennebec River. The five-unit configuration offers a clear residential income property format in a central Gardiner setting.
Key Highlights
- Five‑unit apartment building with all units currently rented
- 4,596 square feet of building area
- Built in 1880
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,772
Cap Rate
7.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$895,440
$895.4K
Cap Rate 7%
$639,600
$639.6K
Cap Rate 9%
$497,467
$497.5K
Market Conditions
NOI Build-Up for 4,596 SF
Gross rent
$82.7K $18.00/SF
− Vacancy
−$1.3K −$0.29/SF
EGI
$81.4K $17.71/SF
− OpEx
−$36.6K −$7.97/SF
NOI
$44.8K $9.74/SF
Area
Kennebec County, ME
Vacancy
1.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$895,440
Cap Rate 7%
$639,600
Cap Rate 9%
$497,467
Alternative Uses
Best Use
Apartment 5plus
$639.6K
$559.7K – $746.2K
NOI $44,772 @ 7.0% cap · market cap 7.65%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$6.86M
$6.00M – $8.00M
NOI $479,975 @ 7.0% cap · market cap 82.05%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
5
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
415
Businesses Nearby
Explore this area
Business Placement
Demographics for 04345, ME
12,052
Population
5,562
Households
2.2
Avg Household Size
43
Median Age
29%
College-Educated
97%
High-School Grad
71.7 sq mi
ZIP Area
168
Density / Sq Mi
$68,844
Median Household Income
$42,559
Median Earnings
$956
Median Rent
$208,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied multifamily property with five rented units and an established tenant base.
Where is this apartment building located?
The property is located at 127-129 Brunswick Ave Gardiner, ME.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Five‑unit apartment building with all units currently rented; 4,596 square feet of building area; Built in 1880
