Four-unit building offering a minimum 10% cap rate. One 1 br, Three 2br units. This well-maintained property boasts four units. Priced right to ensure steady cash flow for investors and owner-occupied. Nestled in a desirable location, tenants enjoy easy access to amenities, schools, and transportation, enhancing rental demand. The property's prime location also positions it for potential value appreciation, adding to its investment appeal. Whether you're a seasoned investor or new to real estate, this easy-to-maintain building has new heat pumps, two remodeled apartments, and a fresh exterior paint job. 107 State St presents an excellent opportunity to secure a high-performing asset without much needed work upon closing. Don't miss out on this chance to elevate your investment portfolio. Schedule a viewing today!
Closed
$420,000
107 State Street, Brewer, ME 04412
7beds
2,937sqft
Multi Family
Built in 1900
-- sqft lot
$442,200 Zestimate®
$143/sqft
$1,643 Estimated rent
Home value
$442,200
$296,000 - $659,000
$1,643/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: January 16, 2025 at 07:06pm
Listed by:
Keller Williams Realty
Bought with:
ERA Dawson-Bradford Co.
Source: Maine Listings,MLS#: 1578082
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Heat Pump
Cooling
- Heat Pump
Features
- Bathtub
- Flooring: Carpet, Laminate, Vinyl
- Basement: Bulkhead,Exterior Entry,Full,Unfinished,Brick/Mortar
Interior area
- Total structure area: 2,937
- Total interior livable area: 2,937 sqft
- Finished area above ground: 2,937
- Finished area below ground: 0
Property
Parking
- Parking features: Gravel, 5 - 10 Spaces, Off Street
Features
- Levels: Multi/Split
Lot
- Size: 8,712 sqft
- Features: City Lot, Near Shopping, Neighborhood, Level
Details
- Additional structures: Shed(s)
- Zoning: HDR
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Wood Frame, Aluminum Siding, Vinyl Siding, Wood Siding
- Foundation: Brick/Mortar
- Roof: Metal
Condition
- Year built: 1900
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Utilities On
Community & neighborhood
Location
- Region: Brewer
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 6/21/2024 | Sold | $420,000+1.2%$143/sqft |
Source:  Maine Listings #1578082 | ||
| 5/9/2024 | Pending sale | $415,000$141/sqft |
Source: Maine Listings #1578082 | ||
| 4/30/2024 | Price change | $415,000-2.4%$141/sqft |
Source: Maine Listings #1578082 | ||
| 4/22/2024 | Listed for sale | $425,000$145/sqft |
Source: Maine Listings #1578082 | ||
| 4/9/2024 | Contingent | $425,000$145/sqft |
Source: Maine Listings #1578082 | ||
Public tax history
Tax history is unavailable.
Neighborhood: 04412
Nearby schools
GreatSchools rating
- 7/10Brewer Community SchoolGrades: PK-8Distance: 1.3 mi
- 4/10Brewer High SchoolGrades: 9-12Distance: 0.1 mi
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