Triplex with Separate
New
For Sale
$750,000
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$364.79
Days on Market4
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
Listed By:
Tiffany Poland
(207) 577-3334
Source:
Brendafontaine
Added: Sep 2
Changed: Sep 5
Last Checked: Sep 5 at 6:44AM
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 Tiffany Poland
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,333
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 4.84%
Second Best
Apartment 5plus
$482.9K
$422.5K – $563.4K
NOI $33,802 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$565.1K
$494.5K – $659.3K
NOI $39,557 @ 7.0% cap · market cap 5.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
421
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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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 $750,000.
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
