Duplex with Enclosed
For Sale
$225,000
217 Wilson St, Brewer, ME 04412
In-town duplex with separate electric meters, replacement windows, natural gas, and a garage offering parking and workspace.
Property Size1,644 SF
Price / SF$136.86
Days on Market50
Property Features for 217 Wilson St
General Information
Standard status
Active
Size
1,644 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
enclosed porch
garage
Building Details
Year Built
1900
Listed By:
Signature Homes Real Estate Group
(207) 885-0500
Source:
Signaturehomesmaine
Added: Sep 16
Changed: Nov 2
Last Checked: Nov 3 at 5:48AM
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.
Built in 1900, this 1,644-square-foot duplex provides two residential units on a large lot in Brewer. The property includes an enclosed porch, replacement windows, vinyl siding, and natural gas service. Separate electrical meters support distinct unit operations.
An oversized garage adds covered parking, workspace, and storage above. Additional parking is available on the property. The layout and site may also support consideration of a small business or a third apartment, subject to municipal approval.
An oversized garage adds covered parking, workspace, and storage above. Additional parking is available on the property. The layout and site may also support consideration of a small business or a third apartment, subject to municipal approval.
Key Highlights
- 1,644‑square‑foot duplex built in 1900
- Large lot with additional parking
- Separate electrical meters for the two units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,066
Cap Rate
6.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$301,320
$301.3K
Cap Rate 7%
$215,229
$215.2K
Cap Rate 9%
$167,400
$167.4K
Market Conditions
NOI Build-Up for 1,644 SF
Gross rent
$22.7K $13.80/SF
− Vacancy
−$1.2K −$0.71/SF
EGI
$21.5K $13.09/SF
− OpEx
−$6.5K −$3.93/SF
NOI
$15.1K $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%
$301,320
Cap Rate 7%
$215,229
Cap Rate 9%
$167,400
Alternative Uses
Best Use
Multifamily LT 5
$215.2K
$188.3K – $251.1K
NOI $15,066 @ 7.0% cap · market cap 6.70%
Second Best
Apartment 5plus
$198.0K
$173.2K – $231.0K
NOI $13,857 @ 7.0% cap · market cap 6.16%
Theoretical Best
Office A
$531.0K
$464.6K – $619.5K
NOI $37,168 @ 7.0% cap · market cap 16.52%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
888
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - In-town duplex with separate electric meters, replacement windows, natural gas, and a garage offering parking and workspace.
Where is this duplex located?
The property is located at 217 Wilson St Brewer, ME.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 1,644‑square‑foot duplex built in 1900; Large lot with additional parking; Separate electrical meters for the two units
