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Two-Unit Apartment Building

508 S Main Street, Brewer, ME 04412

For Sale
$89,000

A 0.24-acre parcel contains a fire-damaged structure requiring extensive rehabilitation or redevelopment.

Property Size2,656 SF
Lot Size0.24 Acres
Price / SF$33.51
Days on Market130

Property Features for 508 S Main Street

General Information

Standard status Active
Size 2,656 SF
Lot size 0.24 Acres
Property subtype Multi Family Home
Zoning CB

Property Condition

Severity Major Repairs Needed
Evidence sustained significant damage in a recent fire

Additional Details

Multifamily Units 2

Taxes and HOA fees

Annual Taxes $3,805

Amenities

established perennial gardens
mature lilac trees
storage shed
1st Floor Bedroom
Attic
Bathtub
Shower
Storage

Building Details

Building Size 2,656 SF
Year Built 1900
Buildings 1
Stories 3
Units 2
Listing Agency: NextHome Experience
Listed By: Erika Largay · License ME BA928445
Source: Kiefferrealestate
Added: Jul 7 Changed: Nov 12 Last Checked: Nov 13 at 6:04AM

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 NextHome Experience

Rey
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Investment Insights

Based on property information with market context.

The 2,656-square-foot apartment building dates to 1900 and is configured for two units. A recent fire caused significant damage, and the property requires extensive rehabilitation or redevelopment. It is being sold as is; interior access is not available. The 0.24-acre site is zoned CB.

The property is at 508 S Main Street in Brewer, Maine. Outdoor features include perennial gardens, mature lilac trees, and a storage shed. The remarks identify possible conversion to three units, subject to city and planning board approval.

Key Highlights

  • Two‑unit apartment building on a 0.24‑acre lot
  • 2,656‑square‑foot building constructed in 1900
  • Significant fire damage; extensive rehabilitation or redevelopment required

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

162
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Duplexes in Penobscot County, ME

$169 Jul
$157 Aug
$149 Sep
$146 Oct

Properties on Market for Duplexes in Penobscot County

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Duplex - A 0.24-acre parcel contains a fire-damaged structure requiring extensive rehabilitation or redevelopment.
Where is this duplex located?
The property is located at 508 S Main Street Brewer, ME.
What is the asking price?
The asking price for this property is $89,000.
What are key features of this property?
This property features: Two‑unit apartment building on a 0.24‑acre lot; 2,656‑square‑foot building constructed in 1900; Significant fire damage; extensive rehabilitation or redevelopment required
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