Duplex with Heated Detached
New
For Sale
$328,800
31 Tibbetts Street, Brewer, ME 04412
Multi-Family, Brewer, ME
Property Size1,572 SF
Lot Size0.55 Acres
Price / SF$209.16
Days on Market4
Property Features for 31 Tibbetts Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MDR-1
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Basement
Parking features
Heated
Patio and Porch features
Porch
Basement
Unfinished
Lot features
Open, Intown, Near Shopping, Near Turnpike/ Interstate, Near Town, Neighborhood
Standard status
Active
Size
1,572 SF
Lot size
0.55 Acres
Additional Details
Tenant in Place
Yes
Individually Metered Utilities
electricity
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3992
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Propane (Heating)
Water source
Public
Amenities
detached garage
Building Details
Year built
1900
Number of units
2
Flooring type
Vinyl
Building materials
Wood Frame, Wood Siding
Roof type
Shingle
Architectural style
Colonial
Buildings
1
Listing Agency:
CENTURY 21 Queen City Real Estate · Century 21 Real Estate
(207) 942-4618
Listed By:
Dakota Bates-Moody
(207) 431-3497
Added: Oct 21
Changed: Oct 23
Last Checked: Oct 24 at 6:06AM
MLS# 1685192
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 1,572-square-foot duplex on 0.55 acres contains two apartments: an upstairs unit with two bedrooms and one bathroom, and a downstairs unit with one bedroom and one bathroom. Each has its own furnace and separately metered electricity. The detached garage is insulated, finished, heated, and has 10-foot ceilings plus overhead storage. The property was built in 1900 and has a porch, forced-air propane heat, public water, and public sewer.
Set at the end of a dead-end street in Brewer, the property has a yard and off-street parking. Bangor, Brewer amenities, shopping, and major commuting routes are described as nearby. Both apartments are occupied on month-to-month arrangements.
Set at the end of a dead-end street in Brewer, the property has a yard and off-street parking. Bangor, Brewer amenities, shopping, and major commuting routes are described as nearby. Both apartments are occupied on month-to-month arrangements.
Key Highlights
- Two apartments: one with 2 bedrooms and 1 bathroom; one with 1 bedroom and 1 bathroom
- 1,572 square feet of building area on 0.55 acres
- Detached garage is insulated, finished, and heated, with 10‑foot ceilings and overhead storage
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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Property Analytics
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Lease Details
2
Residential units
100%
Occupancy
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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Cap Rate, Value Estimation, Potential NOI and more
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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 individual furnaces and separately metered electricity, with public water and sewer service.
Where is this duplex located?
The property is located at 31 Tibbetts Street 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; one with 1 bedroom and 1 bathroom; 1,572 square feet of building area on 0.55 acres; Detached garage is insulated, finished, and heated, with 10‑foot ceilings and overhead storage
