Two-Unit Residential Income
34 Brown Street Kennebunk, ME 04043
New
For Sale
$549,900
MULTI_FAMILY - Colonial - Kennebunk, ME
Property Size2,342 SF
Lot Size0.84 Acres
Price / SF$234.80
Days on Market2
Property Features for 34 Brown Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
VR
Bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Basement
Patio and Porch features
Porch, Deck
Basement
Unfinished, Sump Pump
Standard status
Active
Size
2,342 SF
Lot size
0.84 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5892
Utilities
Sewer type
Public Sewer
Heating system
Oil, Baseboard, Hot Water(Heating)
Water source
Public
Building Details
Year built
1880
Number of units
2
Flooring type
Vinyl, Carpet
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Colonial
Listing Agency:
Keller Williams Realty
(207) 879-9800
Listed By:
Jason Dube
(207) 590-6027
Added: Jul 27
Changed: Jul 28
Last Checked: Jul 28 at 4:06AM
MLS# 1673634
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.
Investment Insights
Based on property information with market context.
This two-unit residential income property is located in Kennebunk and includes a spacious backyard featuring a large gardening area, a gazebo, and a barn for additional storage. The property was previously configured as a three-unit home, and buyers are encouraged to consult with the Town of Kennebunk Code Enforcement Department regarding the possibility of restoring the third unit. The property is being sold as is.
The listing remarks indicate the home is within walking distance to downtown Kennebunk, with nearby access to restaurants, shops, parks, the farmers market, ice skating, and bowling. Southern Maine’s beaches, golf courses, and boating are described as a short drive away.
Zoning is listed as VR. Lot size is 0.84 acres and the property size is 2,342 square feet.
The listing remarks indicate the home is within walking distance to downtown Kennebunk, with nearby access to restaurants, shops, parks, the farmers market, ice skating, and bowling. Southern Maine’s beaches, golf courses, and boating are described as a short drive away.
Zoning is listed as VR. Lot size is 0.84 acres and the property size is 2,342 square feet.
Key Highlights
- Colonial 2‑unit property with wood‑frame construction and vinyl siding
- Built in 1880; roof is shingle
- Public water and public sewer available
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $59.6k | $25.44 |
| − Vacancy | −$2.9k | −$1.26 |
| EGI | $56.6k | $24.18 |
| − OpEx | −$17.0k | −$7.25 |
| NOI | $39.6k | $16.93 |
2,342 SF · lease $25.44/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$566.4K
$495.6K – $660.8K
NOI $39,646 @ 7.0% cap · market cap 7.21%
Second Best
Apartment 5plus
$517.1K
$452.4K – $603.2K
NOI $36,194 @ 7.0% cap · market cap 6.58%
Theoretical Best
Office A
$742.4K
$649.6K – $866.1K
NOI $51,968 @ 7.0% cap · market cap 9.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - In Kennebunk, this two-unit residential income property includes a spacious backyard with barn storage.
Where is this duplex located?
The property is located at 34 Brown Street Kennebunk, ME.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Colonial 2‑unit property with wood‑frame construction and vinyl siding; Built in 1880; roof is shingle; Public water and public sewer available
