Remodeled Two-Unit
For Sale
$325,000
92 State Street, Brewer, ME 04412
Two furnished residences are vacant, allowing the next owner to determine how each unit will be occupied.
Property Size2,010 SF
Price / SF$161.69
Days on Market116
Property Features for 92 State Street
General Information
Standard status
Active
Size
2,010 SF
Property subtype
Multi Family Home
Zoning
RES
Units
Unit Mix
1 x 3BR, 1 x 2BR
Multifamily Units
2
Additional Details
Furnished
Yes
Taxes and HOA fees
Annual Taxes
$3,762
Building Details
Building Size
2,010 SF
Year Built
1900
Stories
2
Units
2
Listing Agency:
NextHome Experience
(207) 573-7400
Listed By:
Sarah Ryan · License #BA915441,PersonLicenseNumber
(207) 240-2093
Source:
Amerorealty
Added: Jul 10
Changed: Oct 31
Last Checked: Oct 31 at 2:20PM
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
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Investment Insights
Based on property information with market context.
This duplex contains two furnished residences: one with three bedrooms and the other with two. The property measures 2,010 square feet and was built in 1900. Its zoning is RES, and both units are currently vacant.
Located at 92 State Street in Brewer, Maine, the property is within the town and near shopping, restaurants, schools, and other local amenities.
Located at 92 State Street in Brewer, Maine, the property is within the town and near shopping, restaurants, schools, and other local amenities.
Key Highlights
- Two‑unit duplex with 2,010 square feet
- Unit mix includes one three‑bedroom residence and one two‑bedroom residence
- Both furnished units are vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,421
Cap Rate
5.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$368,420
$368.4K
Cap Rate 7%
$263,157
$263.2K
Cap Rate 9%
$204,678
$204.7K
Market Conditions
NOI Build-Up for 2,010 SF
Gross rent
$27.7K $13.80/SF
− Vacancy
−$1.4K −$0.71/SF
EGI
$26.3K $13.09/SF
− OpEx
−$7.9K −$3.93/SF
NOI
$18.4K $9.16/SF
Area
Penobscot County, ME
Vacancy
5.13%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$368,420
Cap Rate 7%
$263,157
Cap Rate 9%
$204,678
Alternative Uses
Best Use
Multifamily LT 5
$263.2K
$230.3K – $307.0K
NOI $18,421 @ 7.0% cap · market cap 5.67%
Second Best
Apartment 5plus
$242.0K
$211.8K – $282.4K
NOI $16,942 @ 7.0% cap · market cap 5.21%
Theoretical Best
Office A
$649.2K
$568.0K – $757.4K
NOI $45,442 @ 7.0% cap · market cap 13.98%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,186
Businesses Nearby
Explore this area
Business Placement
Demographics for 04412, ME
9,672
Population
4,565
Households
2.1
Avg Household Size
43
Median Age
31%
College-Educated
95%
High-School Grad
15.2 sq mi
ZIP Area
636
Density / Sq Mi
$51,490
Median Household Income
$35,700
Median Earnings
$984
Median Rent
$218,100
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 furnished residences are vacant, allowing the next owner to determine how each unit will be occupied.
Where is this duplex located?
The property is located at 92 State Street Brewer, ME.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,010 square feet; Unit mix includes one three‑bedroom residence and one two‑bedroom residence; Both furnished units are vacant
