Updated Four-Unit
42-44 Cumberland Street, Brunswick, ME 04011
For Sale
$895,000
The varied residential layout has received improvements to major systems, windows, and interior finishes.
Property Size4,620 SF
Price / SF$193.72
Days on Market36
Property Features for 42-44 Cumberland Street
General Information
Standard status
Size
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
River's Edge Realty LLC
(207) 504-9723
Listed By:
Laura Cortez
(207) 841-7394
Source:
Integrityhomesrealestategroup
Added: Oct 5
Changed: Nov 8
Last Checked: Nov 8 at 1:16PM
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 River's Edge Realty LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This four-unit residential property contains two 3-bedroom residences, one 2-bedroom residence, and an oversized 1-bedroom unit. Built in 1900, the 4,620-square-foot building has undergone updates over the past 10 years, including work to major systems, windows, and interior finishes. The property is zoned GR6.
Downtown shops, restaurants, and everyday amenities are within walking distance. The combination of four distinct unit layouts and documented building updates defines the property’s configuration.
Downtown shops, restaurants, and everyday amenities are within walking distance. The combination of four distinct unit layouts and documented building updates defines the property’s configuration.
Key Highlights
- Four residential units: two 3‑bedroom, one 2‑bedroom, and one extra‑large 1‑bedroom
- 4,620‑square‑foot building constructed in 1900
- Updates over the past 10 years include major systems, windows, and interior finishes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,642
Cap Rate
9.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,632,840
$1.6M
Cap Rate 7%
$1,166,314
$1.2M
Cap Rate 9%
$907,133
$907.1K
Market Conditions
NOI Build-Up for 4,620 SF
Gross rent
$124.7K $27.00/SF
− Vacancy
−$8.1K −$1.76/SF
EGI
$116.6K $25.25/SF
− OpEx
−$35.0K −$7.57/SF
NOI
$81.6K $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%
$1,632,840
Cap Rate 7%
$1,166,314
Cap Rate 9%
$907,133
Alternative Uses
Best Use
Multifamily LT 5
$1.17M
$1.02M – $1.36M
NOI $81,642 @ 7.0% cap · market cap 9.12%
Second Best
Apartment 5plus
$1.09M
$949.5K – $1.27M
NOI $75,956 @ 7.0% cap · market cap 8.49%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,887 @ 7.0% cap · market cap 9.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,356
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
Frequently Asked Questions
What type of property is this?
Quadplex - The varied residential layout has received improvements to major systems, windows, and interior finishes.
Where is this quadplex located?
The property is located at 42-44 Cumberland Street Brunswick, ME.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Four residential units: two 3‑bedroom, one 2‑bedroom, and one extra‑large 1‑bedroom; 4,620‑square‑foot building constructed in 1900; Updates over the past 10 years include major systems, windows, and interior finishes
