Building Details

Year Built 1920

Buildings 1

Stories 3

Listed By: Pouliot Real Estate Show Phone

Source: Pouliotrealestate

Added: Oct 19 Last Checked: Oct 20 at 7:52PM

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Investment Insights

Based on property information with market context.

This 1920-built duplex contains two apartments. The first-floor unit has two bedrooms, a full bathroom, and a separate storage room; the upper apartment spans the second and third floors and has three bedrooms. Both units include storage and washer and dryer hookups, and the property also has porches and a landscaped yard with limited outdoor area. The building totals 2,072 square feet and has a newer roof and boiler.

The property sits at the corner of Oak and Cushing Streets in downtown Brunswick, next to Otto Pizza. Four dedicated off-street parking spaces serve the building.

Key Highlights

• Two apartments: a two‑bedroom first‑floor unit and a three‑bedroom unit on the second and third floors
• 2,072 square feet in a building constructed in 1920
• Four dedicated off‑street parking spaces

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$36,615

Cap Rate

5.91%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$732,300 $732.3K

Cap Rate 7%

$523,071 $523.1K

Cap Rate 9%

$406,833 $406.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,072 SF

Gross rent

$55.9K $27.00/SF

− Vacancy

−$3.6K −$1.76/SF

EGI

$52.3K $25.25/SF

− OpEx

−$15.7K −$7.57/SF

NOI

$36.6K $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%

$732,300

Cap Rate 7%

$523,071

Cap Rate 9%

$406,833

Alternative Uses

Best Use

Multifamily LT 5

$523.1K

$457.7K – $610.3K (±1% cap)

NOI $36,615 @ 7.0% cap · market cap 5.91%

Second Best

Apartment 5plus

$486.6K

$425.8K – $567.8K (±1% cap)

NOI $34,065 @ 7.0% cap · market cap 5.49%

Theoretical Best

Office A

$569.5K

$498.3K – $664.4K (±1% cap)

NOI $39,864 @ 7.0% cap · market cap 6.43%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Lease Details

2

Residential units

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

1,345

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two residential units offer separate washer and dryer hookups, porches, and dedicated parking.

Where is this duplex located?

The property is located at 9 Cushing St Brunswick, ME.

What is the asking price?

The asking price for this property is $620,000.

What are key features of this property?

This property features: Two apartments: a two‑bedroom first‑floor unit and a three‑bedroom unit on the second and third floors; 2,072 square feet in a building constructed in 1920; Four dedicated off‑street parking spaces