Multifamily Property on Dead-End
For Sale
$189,000
Pending
127 Union St, Brewer, ME 04412
Residential income property with natural gas heating in a private, low-traffic setting.
Property Size1,164 SF
Days on Market49
Property Features for 127 Union St
General Information
Standard status
Pending
Size
1,164 SF
Property subtype
Multi-Family
Building Details
Year Built
1939
Listed By:
Signature Homes Real Estate Group
(207) 885-0500
Source:
Signaturehomesmaine
Added: Sep 19
Changed: Nov 5
Last Checked: Nov 4 at 1:23PM
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 Signature Homes Real Estate Group
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Investment Insights
Based on property information with market context.
This multifamily property at 127 Union St in Brewer, Maine, contains 1,164 square feet and was built in 1939. The residence includes natural gas heating and sits on a private dead-end street, providing a low-traffic setting. The property was recently rented, supporting its use as a residential income asset.
Key Highlights
- 1,164‑square‑foot multifamily property
- Built in 1939
- Recently rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,811
Cap Rate
5.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$196,220
$196.2K
Cap Rate 7%
$140,157
$140.2K
Cap Rate 9%
$109,011
$109.0K
Market Conditions
NOI Build-Up for 1,164 SF
Gross rent
$18.9K $16.20/SF
− Vacancy
−$1.0K −$0.87/SF
EGI
$17.8K $15.33/SF
− OpEx
−$8.0K −$6.90/SF
NOI
$9.8K $8.43/SF
Area
Penobscot County, ME
Vacancy
5.40%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$196,220
Cap Rate 7%
$140,157
Cap Rate 9%
$109,011
Alternative Uses
Best Use
Apartment 5plus
$140.2K
$122.6K – $163.5K
NOI $9,811 @ 7.0% cap · market cap 5.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$375.9K
$329.0K – $438.6K
NOI $26,316 @ 7.0% cap · market cap 13.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,091
Businesses Nearby
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Business Placement
Demographics for 04412, ME
9,672
Population
4,565
Households
2.1
Avg Household Size
43
Median Age
31%
College-Educated
95%
High-School Grad
15.2 sq mi
ZIP Area
636
Density / Sq Mi
$51,490
Median Household Income
$35,700
Median Earnings
$984
Median Rent
$218,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Multifamily properties in Penobscot County, ME
Properties on Market for Multifamily properties in Penobscot County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Residential income property with natural gas heating in a private, low-traffic setting.
Where is this multifamily property located?
The property is located at 127 Union St Brewer, ME.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: 1,164‑square‑foot multifamily property; Built in 1939; Recently rented
