2-Unit Duplex with
New
For Sale
$630,000
3 Federal Street, Brunswick, ME 04011
The first floor has refreshed interior finishes, complemented by a garage and fenced outdoor space.
Property Size2,760 SF
Price / SF$228.26
Days on Market5
Property Features for 3 Federal Street
General Information
Standard status
Active
Size
2,760 SF
Total Parking Spaces
2
Property subtype
Multi-family
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
1916
Listing Agency:
Keller Williams Realty
Listed By:
Sarah Boothby
(207) 233-3801
Source:
Greatislandrealty
Added: Oct 20
Changed: Oct 23
Last Checked: Oct 23 at 6:25AM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
This 2,760-square-foot duplex contains two apartments, each with two bedrooms. The first-floor unit has new sheetrock and refinished wood flooring. A two-car garage and fenced backyard are also part of the property, which was built in 1916.
The building sits one block from downtown Brunswick. Shopping, a hospital, and Bowdoin College are nearby, with Route 1 and I-95 a short distance away.
The building sits one block from downtown Brunswick. Shopping, a hospital, and Bowdoin College are nearby, with Route 1 and I-95 a short distance away.
Key Highlights
- Two apartments, each configured with 2 bedrooms
- 2,760‑square‑foot building constructed in 1916
- First‑floor unit updated with new sheetrock and refinished wood floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,773
Cap Rate
7.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$975,460
$975.5K
Cap Rate 7%
$696,757
$696.8K
Cap Rate 9%
$541,922
$541.9K
Market Conditions
NOI Build-Up for 2,760 SF
Gross rent
$74.5K $27.00/SF
− Vacancy
−$4.8K −$1.76/SF
EGI
$69.7K $25.25/SF
− OpEx
−$20.9K −$7.57/SF
NOI
$48.8K $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%
$975,460
Cap Rate 7%
$696,757
Cap Rate 9%
$541,922
Alternative Uses
Best Use
Multifamily LT 5
$696.8K
$609.7K – $812.9K
NOI $48,773 @ 7.0% cap · market cap 7.74%
Second Best
Apartment 5plus
$648.2K
$567.2K – $756.3K
NOI $45,376 @ 7.0% cap · market cap 7.20%
Theoretical Best
Office A
$758.6K
$663.8K – $885.0K
NOI $53,101 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,327
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 - The first floor has refreshed interior finishes, complemented by a garage and fenced outdoor space.
Where is this duplex located?
The property is located at 3 Federal Street Brunswick, ME.
What is the asking price?
The asking price for this property is $630,000.
What are key features of this property?
This property features: Two apartments, each configured with 2 bedrooms; 2,760‑square‑foot building constructed in 1916; First‑floor unit updated with new sheetrock and refinished wood floors
