Two-Unit Duplex with
For Sale
$569,500
24 Columbia Avenue, Brunswick, ME 04011
Each residence offers two bedrooms, one bathroom, and a private porch.
Property Size2,106 SF
Price / SF$270.42
Days on Market34
Property Features for 24 Columbia Avenue
General Information
Standard status
Active
Size
2,106 SF
Property subtype
Multi-family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
private porch
shared storage area
Building Details
Year Built
1921
Listing Agency:
Portside Real Estate Group
Listed By:
Sarah Singer Ellen Domingos
(207) 485-9955
Source:
Greatislandrealty
Added: Sep 21
Changed: Oct 23
Last Checked: Oct 23 at 10:43AM
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 Portside Real Estate Group
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Investment Insights
Based on property information with market context.
Built in 1921, this duplex contains two 2-bedroom, 1-bathroom residences with a combined 2,106 square feet. Hardwood floors run through the units, and each has its own private porch. A large shared storage area provides additional space for residents’ belongings. The roof was replaced in 2025.
The property is in Brunswick near Bowdoin College, downtown, shops, restaurants, cafés, and parks.
The property is in Brunswick near Bowdoin College, downtown, shops, restaurants, cafés, and parks.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 2,106 square feet across the duplex
- Private porch for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,216
Cap Rate
6.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$744,320
$744.3K
Cap Rate 7%
$531,657
$531.7K
Cap Rate 9%
$413,511
$413.5K
Market Conditions
NOI Build-Up for 2,106 SF
Gross rent
$56.9K $27.00/SF
− Vacancy
−$3.7K −$1.76/SF
EGI
$53.2K $25.25/SF
− OpEx
−$15.9K −$7.57/SF
NOI
$37.2K $17.67/SF
Area
Cumberland County, ME
Vacancy
6.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$744,320
Cap Rate 7%
$531,657
Cap Rate 9%
$413,511
Alternative Uses
Best Use
Multifamily LT 5
$531.7K
$465.2K – $620.3K
NOI $37,216 @ 7.0% cap · market cap 6.53%
Second Best
Apartment 5plus
$494.6K
$432.8K – $577.1K
NOI $34,624 @ 7.0% cap · market cap 6.08%
Theoretical Best
Office A
$578.8K
$506.5K – $675.3K
NOI $40,518 @ 7.0% cap · market cap 7.11%
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
516
Businesses Nearby
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Business Placement
Demographics for 04011, ME
21,756
Population
9,440
Households
2.3
Avg Household Size
44
Median Age
52%
College-Educated
96%
High-School Grad
46.8 sq mi
ZIP Area
465
Density / Sq Mi
$74,102
Median Household Income
$40,075
Median Earnings
$1,341
Median Rent
$343,600
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 - Each residence offers two bedrooms, one bathroom, and a private porch.
Where is this duplex located?
The property is located at 24 Columbia Avenue Brunswick, ME.
What is the asking price?
The asking price for this property is $569,500.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; 2,106 square feet across the duplex; Private porch for each residence
