Townhouse-Style
New
For Sale
$409,900
503 S Main St, Brewer, ME 04412
Each residence spans two levels and has separate heating and electrical service.
Property Size2,232 SF
Price / SF$183.65
Days on Market2
Property Features for 503 S Main St
General Information
Standard status
Active
Size
2,232 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1900
Listed By:
Pouliot Real Estate
(207) 248-6044
Source:
Pouliotrealestate
Added: Oct 19
Last Checked: Oct 19 at 5:41AM
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 Pouliot Real Estate
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Investment Insights
Based on property information with market context.
At 503 S Main St in Brewer, this 2,232-square-foot duplex was built in 1900. Its two townhouse-style units each extend across two floors, with living areas on both levels. Separate heating and electrical service is provided for each residence.
Recent work includes two natural gas heating systems, new electrical throughout, replacement windows, and cosmetic updates.
Recent work includes two natural gas heating systems, new electrical throughout, replacement windows, and cosmetic updates.
Key Highlights
- Two units in a 2,232‑square‑foot duplex
- Each residence has a two‑level layout with living areas on both floors
- Separate heating and electrical service for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,455
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$409,100
$409.1K
Cap Rate 7%
$292,214
$292.2K
Cap Rate 9%
$227,278
$227.3K
Market Conditions
NOI Build-Up for 2,232 SF
Gross rent
$30.8K $13.80/SF
− Vacancy
−$1.6K −$0.71/SF
EGI
$29.2K $13.09/SF
− OpEx
−$8.8K −$3.93/SF
NOI
$20.5K $9.16/SF
Area
Penobscot County, ME
Vacancy
5.13%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$409,100
Cap Rate 7%
$292,214
Cap Rate 9%
$227,278
Alternative Uses
Best Use
Multifamily LT 5
$292.2K
$255.7K – $340.9K
NOI $20,455 @ 7.0% cap · market cap 4.99%
Second Best
Apartment 5plus
$268.8K
$235.2K – $313.6K
NOI $18,813 @ 7.0% cap · market cap 4.59%
Theoretical Best
Office A
$720.9K
$630.8K – $841.0K
NOI $50,461 @ 7.0% cap · market cap 12.31%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
162
Businesses Nearby
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Business Placement
Demographics for 04412, ME
9,672
Population
4,565
Households
2.1
Avg Household Size
43
Median Age
31%
College-Educated
95%
High-School Grad
15.2 sq mi
ZIP Area
636
Density / Sq Mi
$51,490
Median Household Income
$35,700
Median Earnings
$984
Median Rent
$218,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence spans two levels and has separate heating and electrical service.
Where is this duplex located?
The property is located at 503 S Main St Brewer, ME.
What is the asking price?
The asking price for this property is $409,900.
What are key features of this property?
This property features: Two units in a 2,232‑square‑foot duplex; Each residence has a two‑level layout with living areas on both floors; Separate heating and electrical service for each unit
