The 2-unit property at 16 Garrison Street is a great opportunity for either owner-occupants or investors. Here are some key highlights and potential benefits:
1. Location: The proximity to Bowdoin College and downtown Brunswick enhances its appeal for student or faculty housing, as well as for buyers who value a short commute to local amenities.
2. Separate Utilities: With each unit having its own heating, hot water, and electrical systems, the setup allows tenants or owners to be responsible for their own utility costs, reducing overhead for property owners.
3. Storage & Laundry: The basement storage space and two washer/dryer hookups make it appealing and convenient for tenants and adds value to the units.
4. Outdoor Space: Both units having back decks overlooking a fenced yard provides appealing outdoor space, a desirable feature for owners and/or tenants.
5. Parking: With off-street parking available as well as an additional garage bay, tenants have ample space for parking—an attractive feature in a location close to downtown.
6. Investment Potential: The option to increase rents to fair market value after cosmetic updates could improve cash flow. Month-to-month leases give flexibility for any renovations or new tenant arrangements.
Overall, the property could be an ideal choice for someone looking to invest in a college-town rental or secure affordable housing close to all that downtown Brunswick has to offer.
Closed
$411,000
16 Garrison Street, Brunswick, ME 04011
6beds
1,794sqft
Multi Family
Built in 1920
-- sqft lot
$424,200 Zestimate®
$229/sqft
$2,474 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: March 03, 2025 at 08:11am
Listed by:
Gallant Real Estate
Bought with:
Dream Home Realty LLC
Source: Maine Listings,MLS#: 1608369
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Baseboard, Hot Water
Cooling
- None
Features
- Bathtub, Shower, Storage
- Flooring: Laminate, Vinyl, Wood
- Basement: Bulkhead,Interior Entry,Full,Unfinished
Interior area
- Total structure area: 1,794
- Total interior livable area: 1,794 sqft
- Finished area above ground: 1,794
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: Common, Paved, 1 - 4 Spaces, Off Street, Detached
- Garage spaces: 1
Features
- Patio & porch: Deck, Porch
Lot
- Size: 9,147 sqft
- Features: Near Public Beach, Near Shopping, Near Town, Near Railroad, Open Lot
Details
- Parcel number: BRUNMU02L090
- Zoning: GR5
- Other equipment: Cable, Internet Access Available
Construction
Type & style
- Home type: MultiFamily
- Architectural style: New Englander,Other
- Property subtype: Multi Family
Materials
- Wood Frame, Vinyl Siding
- Roof: Shingle
Condition
- Year built: 1920
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Utilities On
Community & neighborhood
Location
- Region: Brunswick
Other
Other facts
- Road surface type: Paved
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$424,200
2% more+$8,484
With Zillow Showcase(estimated)$432,684