Duplex with Detached
New
For Sale
$225,000
217 Wilson Street, Brewer, ME 04412
Multi-Family, Brewer, ME
Property Size1,644 SF
Lot Size0.37 Acres
Price / SF$136.86
Days on Market2
Property Features for 217 Wilson Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Mixed Use
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Basement, Bathroom 2
Parking features
Off Street
Patio and Porch features
Porch
Basement
Unfinished, Walk-Out Access
Lot features
Near Country Club, Open, Wooded, Intown, Near Golf Course, Near Shopping, Near Turnpike/ Interstate, Near Railroad
Standard status
Active
Size
1,644 SF
Lot size
0.37 Acres
Taxes and HOA fees
Tax Year
26
Tax Annual Amount
3225
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Electric (Heating), Other (Heating), Forced Air
Water source
Public
Amenities
enclosed porch
Building Details
Year built
1900
Number of units
2
Flooring type
Vinyl, Carpet
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
Better Homes & Gardens Real Estate/The Masiello Group · Better Homes and Gardens Real Estate
(207) 942-6711
Listed By:
Kimberly Brountas
(207) 745-9588
Added: Sep 15
Last Checked: Sep 16 at 4:06AM
MLS# 1680694
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.
This 1,644-square-foot duplex, built in 1900, sits on a 0.37-acre lot in Brewer. The property includes two bathrooms, an enclosed porch, vinyl siding, replacement windows, vinyl and carpet flooring, and a shingle roof. Separate electrical meters serve the units, while heating is provided through natural gas, electric, and forced-air systems. Public water and public sewer are in place.
A detached garage provides parking, workspace, and storage above. The site also offers off-street parking. Mixed Use zoning and the existing duplex configuration support residential income use, while the property information identifies possible small-business use or an additional apartment subject to municipal approval.
A detached garage provides parking, workspace, and storage above. The site also offers off-street parking. Mixed Use zoning and the existing duplex configuration support residential income use, while the property information identifies possible small-business use or an additional apartment subject to municipal approval.
Key Highlights
- 1,644‑square‑foot duplex on a 0.37‑acre lot
- Mixed Use zoning with possible additional uses subject to municipal approval
- Separate electrical meters for the duplex
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,066
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.70%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
888
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - In-town duplex with separate electrical meters, natural gas heating, and a garage offering storage and workspace.
Where is this duplex located?
The property is located at 217 Wilson Street 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 on a 0.37‑acre lot; Mixed Use zoning with possible additional uses subject to municipal approval; Separate electrical meters for the duplex
