Building Details

Year built 1900

Number of units 2

Flooring type Carpet, Vinyl

Building materials Wood Frame, Vinyl Siding

Roof type Shingle

Listing Agency: Keller Williams Realty k***@kw.com Show Phone

Listed By: Matthew Boulerice · License #DB922634 Show Phone

Added: Oct 17 Last Checked: Oct 17 at 5:06PM

Report an Issue

MLS# 1684693

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.

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This wood-frame duplex contains 2,232 square feet across two townhouse-style residences, each arranged on two levels. Recent work includes two natural gas heating systems, replacement windows, updated electrical throughout, and cosmetic improvements. Heating and electricity are separately metered by unit. The property was built in 1900 and sits on a 0.26-acre lot in Brewer.

Off-street parking is available, and the building is served by public water and public sewer. CB zoning is designated for the property.

Key Highlights

• Two residences with two‑level layouts
• 2,232 square feet of building area on 0.26 acres
• Two new natural gas heating systems and new windows

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

Is this asking price fair?

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 (±1% cap)

NOI $20,455 @ 7.0% cap · market cap 4.99%

Second Best

Apartment 5plus

$268.8K

$235.2K – $313.6K (±1% cap)

NOI $18,813 @ 7.0% cap · market cap 4.59%

Theoretical Best

Office A

$720.9K

$630.8K – $841.0K (±1% cap)

NOI $50,461 @ 7.0% cap · market cap 12.31%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Duplexes

Suggested Use

Top Pick Grocery & Convenience Store (Bike/Boat/Book/etc) Store Auto Parts Store Carpet & Flooring Store Building Supply HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

162

Businesses Nearby

Explore this area 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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Similar For Sale Nearby

See more

Two-Unit Duplex with Renovated Apartment

73 Parker Street, Brewer, ME 04412

$299,000

2,400 SF

View details

Renovated Duplex with Hardwood Floors

12 School St, Brewer, ME 04412

$224,444

1,734 SF

View details

Two-Unit Duplex With Vacant Unit

103 Chamberlain Street, Brewer, ME 04412

$274,900

1,585 SF

View details

In-Town Duplex with Garage

217 Wilson Street, Brewer, ME 04412

$225,000

1,644 SF

View details

Updated Two-Unit Duplex with Separate Entrances

192 Wilson Street, Brewer, ME 04412

$285,000

1,352 SF

View details

Mixed-Use Property with Wellness Amenities

156 N Main Street, Brewer, ME 04412

$499,900

4,782 SF

View details

River-View Specialty Commercial Property

385 S Main Street, Brewer, ME 04412

$339,000

5,281 SF

View details

Renovated Mixed-Use Property

34 Abbott Street, Brewer, ME 04412

$3,900,000

47,451 SF

View details

Specialty Property with Dual-Floor Access

22 ATLANTIC AVE, Brewer, ME 04412

Contact for pricing

17,938 SF

View details

Frequently Asked Questions

What type of property is this?

Duplex - Each residence has two levels and its own heating and electrical service.

Where is this duplex located?

The property is located at 503 S Main Street 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 residences with two‑level layouts; 2,232 square feet of building area on 0.26 acres; Two new natural gas heating systems and new windows