Updated Two-Unit Duplex with Separate
For Sale
$285,000
192 Wilson Street, Brewer, ME 04412
Updated two-unit duplex featuring separate entrances and dedicated parking for each unit.
Property Size1,352 SF
Price / SF$210.80
Days on Market261
Property Features for 192 Wilson Street
General Information
Standard status
Active
Size
1,352 SF
Property subtype
Multi-family
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR
Multifamily Units
2
Building Details
Year Built
1910
Buildings
1
Listing Agency:
NextHome Experience
Listed By:
Timothy Bush
(603) 866-2942
Source:
Profoundrealestate
Added: Jan 17
Changed: Oct 4
Last Checked: Oct 4 at 10:13AM
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 NextHome Experience
Investment Insights
Based on property information with market context.
Updated two-unit duplex with separate entrances and dedicated parking, described as move-in or rent-ready. The first-floor unit includes one bedroom and one bath with a spacious layout and natural light. The upstairs unit is configured with two bedrooms and is presented as efficient with strong rental appeal. Both units have received thoughtful updates, supporting low-maintenance ownership from day one. A manageable yard adds outdoor space while keeping day-to-day upkeep practical.
The property is located at 192 Wilson Street in Brewer, ME 04412. The surrounding area is described as convenient to schools, shopping, downtown Brewer, and Bangor’s waterfront.
Built in 1910 and offered at 1,352 SF, this duplex is designed to support flexible living or leasing, depending on how you want to use the two units.
The property is located at 192 Wilson Street in Brewer, ME 04412. The surrounding area is described as convenient to schools, shopping, downtown Brewer, and Bangor’s waterfront.
Built in 1910 and offered at 1,352 SF, this duplex is designed to support flexible living or leasing, depending on how you want to use the two units.
Key Highlights
- Two‑unit duplex with separate entrances
- First‑floor unit: one bedroom and one bath
- Upstairs unit: two bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,390
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$247,800
$247.8K
Cap Rate 7%
$177,000
$177.0K
Cap Rate 9%
$137,667
$137.7K
Market Conditions
NOI Build-Up for 1,352 SF
Gross rent
$18.7K $13.80/SF
− Vacancy
−$957 −$0.71/SF
EGI
$17.7K $13.09/SF
− OpEx
−$5.3K −$3.93/SF
NOI
$12.4K $9.16/SF
Area
Penobscot County, ME
Vacancy
5.13%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$247,800
Cap Rate 7%
$177,000
Cap Rate 9%
$137,667
Alternative Uses
Best Use
Multifamily LT 5
$177.0K
$154.9K – $206.5K
NOI $12,390 @ 7.0% cap · market cap 4.35%
Second Best
Apartment 5plus
$162.8K
$142.5K – $189.9K
NOI $11,396 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$436.7K
$382.1K – $509.4K
NOI $30,566 @ 7.0% cap · market cap 10.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,091
Businesses Nearby
Explore this area
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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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Updated two-unit duplex featuring separate entrances and dedicated parking for each unit.
Where is this duplex located?
The property is located at 192 Wilson Street Brewer, ME.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Two‑unit duplex with separate entrances; First‑floor unit: one bedroom and one bath; Upstairs unit: two bedrooms
