Duplex with Heated Detached
New
For Sale
$328,800
31 Tibbetts St, Brewer, ME 04412
Two apartments have independent furnaces and separately metered electricity.
Property Size1,572 SF
Lot Size0.55 Acres
Price / SF$209.16
Days on Market5
Property Features for 31 Tibbetts St
General Information
Standard status
Active
Size
1,572 SF
Lot size
0.55 Acres
Property subtype
Multi-Family
Site & Location
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Individually Metered Utilities
electricity
Additional Details
Gross Income
$27,600
Tenant in Place
Yes
Building Details
Year Built
1900
Tenancy
Multi
Listed By:
Pouliot Real Estate
(207) 248-6044
Source:
Pouliotrealestate
Added: Oct 23
Changed: Oct 26
Last Checked: Oct 26 at 2:56PM
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 Pouliot Real Estate
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Investment Insights
Based on property information with market context.
This Brewer duplex contains two apartments: an upper-level two-bedroom, one-bathroom unit and a lower-level one-bedroom, one-bathroom unit. The property also includes a detached garage that is insulated, finished, and heated, with 10-foot ceilings and overhead storage. The site encompasses approximately 0.55 acres.
Each apartment has its own furnace and separately metered electricity. Both units are occupied under month-to-month arrangements, and the owner currently pays for heating fuel. The building dates to 1900 and is situated on Tibbetts Street in Brewer, near Bangor, local amenities, shopping, and major commuting routes.
Each apartment has its own furnace and separately metered electricity. Both units are occupied under month-to-month arrangements, and the owner currently pays for heating fuel. The building dates to 1900 and is situated on Tibbetts Street in Brewer, near Bangor, local amenities, shopping, and major commuting routes.
Key Highlights
- Two apartments: one with 2 bedrooms and 1 bathroom, and one with 1 bedroom and 1 bathroom
- Detached garage is insulated, finished, and heated, with 10‑foot ceilings and overhead storage
- Approximately 0.55 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,407
Cap Rate
4.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$288,140
$288.1K
Cap Rate 7%
$205,814
$205.8K
Cap Rate 9%
$160,078
$160.1K
Market Conditions
NOI Build-Up for 1,572 SF
Gross rent
$21.7K $13.80/SF
− Vacancy
−$1.1K −$0.71/SF
EGI
$20.6K $13.09/SF
− OpEx
−$6.2K −$3.93/SF
NOI
$14.4K $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%
$288,140
Cap Rate 7%
$205,814
Cap Rate 9%
$160,078
Alternative Uses
Best Use
Multifamily LT 5
$205.8K
$180.1K – $240.1K
NOI $14,407 @ 7.0% cap · market cap 4.38%
Second Best
Apartment 5plus
$189.3K
$165.6K – $220.8K
NOI $13,250 @ 7.0% cap · market cap 4.03%
Theoretical Best
Office A
$507.7K
$444.3K – $592.3K
NOI $35,540 @ 7.0% cap · market cap 10.81%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
186
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?
Duplex - Two apartments have independent furnaces and separately metered electricity.
Where is this duplex located?
The property is located at 31 Tibbetts St Brewer, ME.
What is the asking price?
The asking price for this property is $328,800.
What are key features of this property?
This property features: Two apartments: one with 2 bedrooms and 1 bathroom, and one with 1 bedroom and 1 bathroom; Detached garage is insulated, finished, and heated, with 10‑foot ceilings and overhead storage; Approximately 0.55 acres
