Brewer Maine Turnkey Investment
534 South Main Street Brewer, ME 04412
534 South Main Street, Brewer, ME, 04412
$579,000
For Sale
$579,000
Centrally located 5-unit multi-family property with income potential.
Property Size3,604 SF
Price / SF$160.65
Days on Market164
Property Features for 534 South Main Street
General Information
- Standard status
- Active
- Size
- 3,604 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1850
Listing Agency
NextHome Experience
(207) 343-0143
Listed by
Lewis Morrison
(207) 343-0143
Source
Compass
Added: Feb 7 Updated: Jul 10 at 12:15 pm Checked: Jul 20 at 3:43 am
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
Investment Insights
Based on property information with market context.
This centrally located multi-family property in Brewer, Maine, presents a turnkey investment opportunity. The property features a unit mix of three 1-bedroom apartments and two 2-bedroom apartments, offering rental flexibility and income potential. A large driveway provides ample off-street parking. The building is situated close to local shops, restaurants, and everyday amenities, offering access to surrounding towns while maintaining a desirable neighborhood setting. Rents are currently $1150, $1200, $1450, and $1181, with one unit vacant. Yearly expenses include approximately $4,400 for natural gas, $1,500 for electric, $4,800 for water and sewer, and an estimated $700-$800 for maintenance. The property size is 3,604 square feet.
Key Highlights
- Turnkey 5‑unit multi‑family property with a strong unit mix.
- Excellent rental flexibility and steady income potential.
- Centrally located in Brewer, Maine, close to shops, restaurants, and amenities.
Local Financial Insights For Apartment 5plus
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 | $58.4k | $16.20 |
| − Vacancy | −$3.2k | −$0.87 |
| EGI | $55.2k | $15.33 |
| − OpEx | −$24.9k | −$6.90 |
| NOI | $30.4k | $8.43 |
3,604 SF · lease $16.20/SF/yr · vacancy 5.40% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$434.0K
$379.7K – $506.3K
NOI $30,378 @ 7.0% cap · market cap 5.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.16M
$1.02M – $1.36M
NOI $81,479 @ 7.0% cap · market cap 14.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Centrally located 5-unit multi-family property with income potential.
Where is this apartment building located?
The property is located at 534 South Main Street Brewer, ME.
What is the asking price?
The asking price for this property is $579,000.
What are key features of this property?
This property features: Turnkey 5‑unit multi‑family property with a strong unit mix.; Excellent rental flexibility and steady income potential.; Centrally located in Brewer, Maine, close to shops, restaurants, and amenities.
