Two-Unit Residential Income
81 Parker Street Brewer, ME 04412
81 Parker Street, Brewer, ME, 04412
$275,000
For Sale
$275,000
Two-unit duplex with 3-bedroom, 1-bath layouts, substantially rebuilt in the 1990s.
Property Size1,835 SF
Price / SF$149.86
Days on Market173
Property Features for 81 Parker Street
General Information
- Standard status
- Active
- Size
- 1,835 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1900
Listing agency
NextHome Experience
(207) 951-0747
Listed by
Timothy Bush
(207) 951-0747
Source
Compass
Added: Jan 29 Updated: Jul 21 at 12:30AM Checked: Jul 21 at 12:30AM
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 two-unit residential income property offers two well-laid-out units, each with 3 bedrooms and 1 full bathroom. The home was substantially rebuilt in the 1990s, including major updates to the heating systems, electrical, and insulation, which supports a solid structural foundation.
The property is located in Brewer and is described as being just minutes from shopping, dining, and downtown Brewer/Bangor amenities, providing convenient access to local destinations.
With a generous floor plan in each unit, the layout supports flexibility for a variety of occupancy arrangements. The property is offered for sale as an investor opportunity.
The property is located in Brewer and is described as being just minutes from shopping, dining, and downtown Brewer/Bangor amenities, providing convenient access to local destinations.
With a generous floor plan in each unit, the layout supports flexibility for a variety of occupancy arrangements. The property is offered for sale as an investor opportunity.
Key Highlights
- Two‑unit duplex with each unit featuring 3 bedrooms and 1 full bathroom
- Substantially rebuilt in the 1990s, including major updates to heating systems, electrical, and insulation
- Heating includes hot water and baseboard systems (heating is listed as present)
Local Financial Insights For Multifamily LT 5
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 | $25.3k | $13.80 |
| − Vacancy | −$1.3k | −$0.71 |
| EGI | $24.0k | $13.09 |
| − OpEx | −$7.2k | −$3.93 |
| NOI | $16.8k | $9.16 |
1,835 SF · lease $13.80/SF/yr · vacancy 5.13% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$240.2K
$210.2K – $280.3K
NOI $16,817 @ 7.0% cap · market cap 6.12%
Second Best
Apartment 5plus
$221.0K
$193.3K – $257.8K
NOI $15,467 @ 7.0% cap · market cap 5.62%
Theoretical Best
Office A
$592.7K
$518.6K – $691.4K
NOI $41,486 @ 7.0% cap · market cap 15.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-unit duplex with 3-bedroom, 1-bath layouts, substantially rebuilt in the 1990s.
Where is this duplex located?
The property is located at 81 Parker Street Brewer, ME.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Two‑unit duplex with each unit featuring 3 bedrooms and 1 full bathroom; Substantially rebuilt in the 1990s, including major updates to heating systems, electrical, and insulation; Heating includes hot water and baseboard systems (heating is listed as present)
