Duplex with Garage
For Sale
$690,000
56 Durham Road, Brunswick, ME 04011
A separate apartment above the garage adds a second living space to the three-bedroom main residence.
Property Size2,736 SF
Lot Size1.50 Acres
Price / SF$252.19
Days on Market206
Property Features for 56 Durham Road
General Information
Standard status
Active
Size
2,736 SF
Lot size
1.50 Acres
Property subtype
Multi Family Home
Zoning
GM3
Units
Unit Mix
1 x 3BR/1.5BA, 1 x 1BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,760
Amenities
deck
firepit
perennial gardens
Building Details
Building Size
2,736 SF
Year Built
2002
Units
2
Construction
Cape Cod
Listing Agency:
Maine Home Realty
(207) 443-4353
Listed By:
Jonathan Leaver
(207) 891-7593
Source:
Amerorealty
Added: Apr 10
Changed: Oct 31
Last Checked: Oct 31 at 2:25PM
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 Maine Home Realty
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Investment Insights
Based on property information with market context.
Built in 2002, this 2,736-square-foot property combines a three-bedroom, 1.5-bathroom main residence with a separate one-bedroom, one-bathroom apartment above the garage. The layout offers two distinct living spaces, and the property is zoned GM3. A back deck and firepit extend the property's usable space outdoors, alongside perennial gardens on the 1.5-acre lot.
Located at 56 Durham Road in Brunswick, the property is described as minutes from Bowdoin College and downtown shops, with access to Freeport outlets and the Midcoast shoreline.
Located at 56 Durham Road in Brunswick, the property is described as minutes from Bowdoin College and downtown shops, with access to Freeport outlets and the Midcoast shoreline.
Key Highlights
- 2,736 square feet on a 1.5‑acre lot
- Three‑bedroom, 1.5‑bathroom main residence
- Separate one‑bedroom, one‑bathroom apartment above the garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,349
Cap Rate
7.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$966,980
$967.0K
Cap Rate 7%
$690,700
$690.7K
Cap Rate 9%
$537,211
$537.2K
Market Conditions
NOI Build-Up for 2,736 SF
Gross rent
$73.9K $27.00/SF
− Vacancy
−$4.8K −$1.76/SF
EGI
$69.1K $25.25/SF
− OpEx
−$20.7K −$7.57/SF
NOI
$48.3K $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%
$966,980
Cap Rate 7%
$690,700
Cap Rate 9%
$537,211
Alternative Uses
Best Use
Multifamily LT 5
$690.7K
$604.4K – $805.8K
NOI $48,349 @ 7.0% cap · market cap 7.01%
Second Best
Apartment 5plus
$642.6K
$562.3K – $749.7K
NOI $44,981 @ 7.0% cap · market cap 6.52%
Theoretical Best
Office A
$752.0K
$658.0K – $877.3K
NOI $52,639 @ 7.0% cap · market cap 7.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
31
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A separate apartment above the garage adds a second living space to the three-bedroom main residence.
Where is this duplex located?
The property is located at 56 Durham Road Brunswick, ME.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: 2,736 square feet on a 1.5‑acre lot; Three‑bedroom, 1.5‑bathroom main residence; Separate one‑bedroom, one‑bathroom apartment above the garage
