Two-Unit Duplex with Private
New
For Sale
$569,500
24 Columbia Avenue, Brunswick, ME 04011
Multi-Family, Brunswick, ME
Property Size2,106 SF
Lot Size0.22 Acres
Price / SF$270.42
Days on Market4
Property Features for 24 Columbia Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
GR9
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bathroom 1, Bathroom 2
Patio and Porch features
Porch, Deck
Interior features
1st Floor Bedroom
Lot features
Open, Level, Sidewalks, Intown, Near Town, Neighborhood
Standard status
Active
Size
2,106 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
26
Tax Annual Amount
6467
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Oil, Hot Water(Heating)
Water source
Public
Amenities
private porch
shared storage area
Building Details
Year built
1921
Number of units
2
Flooring type
Hardwood, Tile
Building materials
Wood Frame, Shingle Siding
Roof type
Shingle
Architectural style
Federal
Additional Structures
Outbuilding
Listing Agency:
Portside Real Estate Group
(207) 607-5965
Listed By:
Sarah Singer Ellen Domingos
(207) 485-9955
Added: Oct 19
Last Checked: Oct 22 at 1:06AM
MLS# 1681361
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.
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Investment Insights
Based on property information with market context.
This Federal-style duplex, built in 1921, contains two 2-bedroom, 1-bathroom units and 2,106 square feet of living area. Each residence has a private porch, and both can use a large shared storage area. Hardwood and tile flooring are present, with baseboard hot-water heating fueled by oil. The property received a new shingle roof in 2025 and is served by public water and sewer.
The 0.22-acre property is in Brunswick, near Bowdoin College and downtown, where restaurants, cafés, shops, and parks are located. GR9 zoning is reported for the property.
The 0.22-acre property is in Brunswick, near Bowdoin College and downtown, where restaurants, cafés, shops, and parks are located. GR9 zoning is reported for the property.
Key Highlights
- Two 2‑bedroom, 1‑bathroom units
- 2,106 square feet of living area on a 0.22‑acre lot
- Private porch for each unit, plus shared storage
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 - Both residences include two bedrooms, one bathroom, and access to shared storage.
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 2‑bedroom, 1‑bathroom units; 2,106 square feet of living area on a 0.22‑acre lot; Private porch for each unit, plus shared storage
