Triplex with Separate
For Sale
$699,000
34 Bowker Street, Brunswick, ME 04011
Three-unit residential property with paved parking, public utilities, and a backyard near Brunswick’s downtown and Bowdoin College.
Property Size2,056 SF
Price / SF$339.98
Days on Market81
Property Features for 34 Bowker Street
General Information
Standard status
Active
Size
2,056 SF
Property subtype
Multi-family
Additional Details
Utilities to Site
Yes
Multifamily Units
3
Amenities
spacious backyard
Cape Cod
Building Details
Year Built
1900
Listing Agency:
Fontaine Family - The Real Estate Leader
Listed By:
Tiffany Poland
(207) 577-3334
Source:
Brendafontaine
Added: Aug 8
Changed: Oct 27
Last Checked: Oct 26 at 4:49PM
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 Fontaine Family - The Real Estate Leader
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Investment Insights
Based on property information with market context.
Built in 1900, this three-unit residential property contains 2,056 square feet with a total of 5 bedrooms and 3 full baths. Each unit is separately equipped with heating systems, hot water tanks, oil tanks, and electrical panels. The property includes paved parking and a spacious backyard, with public water and sewer serving the building.
Two units are vacant, while the third is occupied and generating rental income. The property is near Bowdoin College and Downtown Brunswick, providing a residential income configuration with separate utility-related components for each unit.
Two units are vacant, while the third is occupied and generating rental income. The property is near Bowdoin College and Downtown Brunswick, providing a residential income configuration with separate utility-related components for each unit.
Key Highlights
- 3‑unit property with 5 bedrooms and 3 full baths
- 2,056 square feet across the residential property
- Separate heating systems, hot water tanks, oil tanks, and electrical panels for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,333
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$726,660
$726.7K
Cap Rate 7%
$519,043
$519.0K
Cap Rate 9%
$403,700
$403.7K
Market Conditions
NOI Build-Up for 2,056 SF
Gross rent
$55.5K $27.00/SF
− Vacancy
−$3.6K −$1.76/SF
EGI
$51.9K $25.25/SF
− OpEx
−$15.6K −$7.57/SF
NOI
$36.3K $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%
$726,660
Cap Rate 7%
$519,043
Cap Rate 9%
$403,700
Alternative Uses
Best Use
Multifamily LT 5
$519.0K
$454.2K – $605.6K
NOI $36,333 @ 7.0% cap · market cap 5.20%
Second Best
Apartment 5plus
$482.9K
$422.5K – $563.4K
NOI $33,802 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$565.1K
$494.5K – $659.3K
NOI $39,557 @ 7.0% cap · market cap 5.66%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
421
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?
Triplex - Three-unit residential property with paved parking, public utilities, and a backyard near Brunswick’s downtown and Bowdoin College.
Where is this triplex located?
The property is located at 34 Bowker Street Brunswick, ME.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 3‑unit property with 5 bedrooms and 3 full baths; 2,056 square feet across the residential property; Separate heating systems, hot water tanks, oil tanks, and electrical panels for each unit
