3-Unit Apartment Building with
31 Holyoke Street, Brewer, ME 04412
For Sale
New
$449,000
Multi-Family, Brewer, ME
Property Size3,126 SF
Lot Size0.29 Acres
Price / SF$143.63
Days on Market2
Property Features for 31 Holyoke Street
General Information
Property type
Property subtype
Zoning
Bathrooms
Full bathrooms
Rooms
Patio and Porch features
Pets allowed
Interior features
Basement
Appliances
Lot features
Standard status
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Architectural style
Additional Structures
Buildings
Listing Agency:
Adams Real Estate
(207) 990-3929
Listed By:
Dennis Theriault
(207) 992-3112
Added: Nov 12
Last Checked: Nov 13 at 11:06PM
MLS# 1687567
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.
Built in 1900, this 3,126-square-foot triplex contains one 1-bedroom unit, one 2-bedroom unit, and a potential 3-bedroom unit. The City of Brewer has approved the property for three units. Recent work includes a roof, heating systems, windows, fire alarm system, heat pumps, and kitchens in all three apartments. An attached barn provides additional storage or parking space.
The property occupies a 0.29-acre lot on Holyoke Street in Brewer. Public water and public sewer serve the building. Interior features include walk-in closets and storage, with a deck and porch providing outdoor areas.
The property occupies a 0.29-acre lot on Holyoke Street in Brewer. Public water and public sewer serve the building. Interior features include walk-in closets and storage, with a deck and porch providing outdoor areas.
Key Highlights
- City‑approved 3‑unit property
- 3,126‑square‑foot building on a 0.29‑acre lot
- Unit mix: one 1‑bedroom, one 2‑bedroom, and one potential 3‑bedroom apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,648
Cap Rate
6.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$572,960
$573.0K
Cap Rate 7%
$409,257
$409.3K
Cap Rate 9%
$318,311
$318.3K
Market Conditions
NOI Build-Up for 3,126 SF
Gross rent
$43.1K $13.80/SF
− Vacancy
−$2.2K −$0.71/SF
EGI
$40.9K $13.09/SF
− OpEx
−$12.3K −$3.93/SF
NOI
$28.6K $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%
$572,960
Cap Rate 7%
$409,257
Cap Rate 9%
$318,311
Alternative Uses
Best Use
Multifamily LT 5
$409.3K
$358.1K – $477.5K
NOI $28,648 @ 7.0% cap · market cap 6.38%
Second Best
Apartment 5plus
$376.4K
$329.4K – $439.2K
NOI $26,349 @ 7.0% cap · market cap 5.87%
Theoretical Best
Office A
$1.01M
$883.4K – $1.18M
NOI $70,673 @ 7.0% cap · market cap 15.74%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,397
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?
Triplex - City-approved three-unit configuration with an attached barn for additional storage or parking.
Where is this triplex located?
The property is located at 31 Holyoke Street Brewer, ME.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: City‑approved 3‑unit property; 3,126‑square‑foot building on a 0.29‑acre lot; Unit mix: one 1‑bedroom, one 2‑bedroom, and one potential 3‑bedroom apartment
