132 North Street Westbrook, ME 04092
MULTI_FAMILY - Westbrook, ME
- Added:
- Jul 7, 2026
- Days on Market:
- 8
- Last Refresh:
- Jul 14 at 9:06 am
Property Features for 132 North Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- 11
- Bathrooms
- 2
- Rooms
- Bathroom 2, Basement, Bathroom 1
- Patio and Porch features
- Porch
- Pets allowed
- No
- Interior features
- Attic, Bathtub, Shower
- Basement
- Full, Unfinished
- Standard status
- Active
- Size
- 1,901 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4196
Utilities
- Sewer type
- Public Sewer
- Heating system
- Hot Water(Heating), Baseboard, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1901
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Laminate, Carpet
- Building materials
- Wood Frame, Shingle Siding
- Roof type
- Fiberglass, Shingle
Listing agent Timothy Flaherty (207) 671-3682
Listing office The Flaherty Group 386 Bridgton Road, Westbrook, ME (207) 221-8585
Listing date Jul 7, 2026
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.
Investment Insights
Based on property information with market context.
The home sits on a lot with a deep back yard that may support expanded parking or recreation. It is described as convenient to downtown Westbrook, Portland, and the lakes region.
The property is being offered for sale as an investment opportunity, and it is stated that it was appraised higher than the asking price.
Key Highlights
- Solid two‑family home with two separate units, each with kitchen, living room, 2 bedrooms, and 1 bath
- First‑floor bath recently updated
- Two 3‑year‑old gas boilers for heating
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.3k | $27.00 |
| − Vacancy | −$3.3k | −$1.76 |
| EGI | $48.0k | $25.25 |
| − OpEx | −$14.4k | −$7.57 |
| NOI | $33.6k | $17.67 |
