Updated Duplex with Three-Bay
For Sale
$469,000
Pending
7 Spring St, Brunswick, ME 04011
Two renovated units include a newly installed heat pump and attached garage space.
Property Size1,658 SF
Days on Market49
Property Features for 7 Spring St
General Information
Standard status
Pending
Size
1,658 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
heat pump
garage
Building Details
Year Built
1890
Listed By:
Kathy Gallant
(207) 841-7569
Source:
Gre207
Added: Sep 9
Changed: Oct 26
Last Checked: Oct 26 at 3:59PM
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 Kathy Gallant
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Investment Insights
Based on property information with market context.
This 1,658-square-foot duplex, built in 1890, contains two renovated residential units with updated living areas. A newly installed heat pump provides heating and cooling, while ample parking and an attached three-bay garage add practical utility for vehicles, storage, hobbies, or workshop use.
Located at 7 Spring St in Brunswick, the property offers access to Maine Street restaurants, cafes, shops, cultural attractions, and year-round community events. Bowdoin College is nearby, and the coast and other Midcoast Maine recreational destinations are a short drive away.
Located at 7 Spring St in Brunswick, the property offers access to Maine Street restaurants, cafes, shops, cultural attractions, and year-round community events. Bowdoin College is nearby, and the coast and other Midcoast Maine recreational destinations are a short drive away.
Key Highlights
- Two‑unit duplex with 1,658 square feet
- Both units have been renovated
- Newly installed heat pump
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,299
Cap Rate
6.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$585,980
$586.0K
Cap Rate 7%
$418,557
$418.6K
Cap Rate 9%
$325,544
$325.5K
Market Conditions
NOI Build-Up for 1,658 SF
Gross rent
$44.8K $27.00/SF
− Vacancy
−$2.9K −$1.76/SF
EGI
$41.9K $25.25/SF
− OpEx
−$12.6K −$7.57/SF
NOI
$29.3K $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%
$585,980
Cap Rate 7%
$418,557
Cap Rate 9%
$325,544
Alternative Uses
Best Use
Multifamily LT 5
$418.6K
$366.2K – $488.3K
NOI $29,299 @ 7.0% cap · market cap 6.25%
Second Best
Apartment 5plus
$389.4K
$340.7K – $454.3K
NOI $27,259 @ 7.0% cap · market cap 5.81%
Theoretical Best
Office A
$455.7K
$398.7K – $531.7K
NOI $31,899 @ 7.0% cap · market cap 6.80%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,320
Businesses Nearby
Explore this area
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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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 - Two renovated units include a newly installed heat pump and attached garage space.
Where is this duplex located?
The property is located at 7 Spring St Brunswick, ME.
What is the asking price?
The asking price for this property is $469,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,658 square feet; Both units have been renovated; Newly installed heat pump
