Apartment
For Sale
$585,000
127-129 Brunswick Avenue, Gardiner, ME 04345
Multi-Family, Gardiner, ME
Property Size4,596 SF
Lot Size0.22 Acres
Price / SF$127.28
Days on Market51
Property Features for 127-129 Brunswick Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 2, Bathroom 1, Basement, Bathroom 6, Bathroom 3, Bathroom 4, Bathroom 5
Basement
Partial, Unfinished
Lot features
Level, Sidewalks, Intown, Near Shopping
Standard status
Active
Size
4,596 SF
Lot size
0.22 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2027
Tax Annual Amount
4447
Utilities
Sewer type
Public Sewer
Heating system
Propane (Heating), Forced Air
Water source
Public
Building Details
Year built
1880
Number of units
6
Flooring type
Carpet, Vinyl, Wood
Building materials
Wood Frame, Wood Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
Tim Dunham Realty
(207) 729-7297
Listed By:
Bonnie Hollander
(207) 380-9599
Added: Sep 12
Changed: Oct 29
Last Checked: Nov 1 at 12:06PM
MLS# 1680365
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.
The apartment building contains 4,596 square feet on a 0.22-acre parcel. Built in 1880, it has wood-frame construction with wood siding and a shingle roof. Interior flooring includes vinyl, wood, and carpet, and the heating system uses propane with forced air. The property also includes a basement and multiple bathrooms.
At 127-129 Brunswick Avenue in Gardiner, the property is described as minutes from downtown, with shops, restaurants, services, parks, and the Kennebec River nearby.
At 127-129 Brunswick Avenue in Gardiner, the property is described as minutes from downtown, with shops, restaurants, services, parks, and the Kennebec River nearby.
Key Highlights
- 4,596‑square‑foot apartment building
- 0.22‑acre parcel
- 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
100%
Occupancy
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 - The property is served by public water and public sewer.
Where is this apartment building located?
The property is located at 127-129 Brunswick Avenue 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: 4,596‑square‑foot apartment building; 0.22‑acre parcel; Built in 1880
