Two-Story Duplex with Private
40 Belmont Street Brunswick, ME 04011
For Sale
$525,000
Duplex with two separate units, including hardwood floors, skylit cathedral ceilings, and a private backyard on a tree-lined lot.
Property Size1,920 SF
Price / SF$273.44
Days on Market101
Property Features for 40 Belmont Street
General Information
- Standard status
- Active
- Size
- 1,920 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1989
Listing Agency:
Portside Real Estate Group
(207) 756-5135
Listed By:
Brenton Sawyer
(207) 756-5135
Source:
Compass
Added: Apr 15
Changed: Jul 23
Last Checked: Jul 23 at 3:47PM
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 Portside Real Estate Group
Investment Insights
Based on property information with market context.
This duplex offers two distinct residential units with separate living layouts. The first-floor unit includes an open kitchen and living area, one bedroom, a full bath with a shower, and a flexible den or office space. The second-floor unit features hardwood floors, cathedral ceilings with skylights, a full kitchen, a full bath, and a second bedroom or office.
Set on a spacious, tree-lined lot, the property includes a private backyard. The yard could accommodate an accessory dwelling, depending on applicable approvals.
Located in Brunswick’s Douglas Park neighborhood, the property is described as being within walking distance to downtown Brunswick, Bowdoin College, shops, restaurants, and local amenities.
Set on a spacious, tree-lined lot, the property includes a private backyard. The yard could accommodate an accessory dwelling, depending on applicable approvals.
Located in Brunswick’s Douglas Park neighborhood, the property is described as being within walking distance to downtown Brunswick, Bowdoin College, shops, restaurants, and local amenities.
Key Highlights
- Duplex with two separate units on a tree‑lined lot, including a deck and private backyard
- First‑floor unit layout: open kitchen and living area, 1 bedroom, full bath with shower, and flexible den/office plus first‑floor laundry
- Second‑floor unit features hardwood floors and cathedral ceilings with skylights, with a full kitchen, full bath, and 2nd bedroom or office
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 | $51.8k | $27.00 |
| − Vacancy | −$3.4k | −$1.76 |
| EGI | $48.5k | $25.25 |
| − OpEx | −$14.5k | −$7.57 |
| NOI | $33.9k | $17.67 |
1,920 SF · lease $27.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$484.7K
$424.1K – $565.5K
NOI $33,929 @ 7.0% cap · market cap 6.46%
Second Best
Apartment 5plus
$450.9K
$394.6K – $526.1K
NOI $31,566 @ 7.0% cap · market cap 6.01%
Theoretical Best
Office A
$527.7K
$461.8K – $615.7K
NOI $36,940 @ 7.0% cap · market cap 7.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex with two separate units, including hardwood floors, skylit cathedral ceilings, and a private backyard on a tree-lined lot.
Where is this duplex located?
The property is located at 40 Belmont Street Brunswick, ME.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Duplex with two separate units on a tree‑lined lot, including a deck and private backyard; First‑floor unit layout: open kitchen and living area, 1 bedroom, full bath with shower, and flexible den/office plus first‑floor laundry; Second‑floor unit features hardwood floors and cathedral ceilings with skylights, with a full kitchen, full bath, and 2nd bedroom or office
