398 Brunswick StreetOld Town, ME 04468
Located at 398 Brunswick St, this well-maintained 1,687-square-foot New Englander features 4 bedrooms and 3 bathrooms. Built in 1940 and situated on a 0.16-acre lot, this turnkey, well-maintained property offers incredible versatility for homebuyers, real estate investors, and those seeking off-campus housing for the University of Maine.
It is move-in ready and the layout offers distinct living spaces set in a residential neighborhood with sidewalk access to surroundings.
Investment & Housing Potential:
For a those looking for an alternative to on-campus housing, this home serves as a quality, low-maintenance option. The 4-bedroom layout allows you to live comfortably with the possibility to rent out the remaining rooms to offset living expenses. The property is currently tenant-occupied (leases until June) and generating a proven 2800 USD per month (currently discounted for a family tenant), offering immediate, turnkey income-generation in a high-demand college rental market. Operating expenses last year were 12,635, with an NOI of ~21,000 USD!
Location, Commute, and Sidewalk Access:
This home offers exceptional proximity to both campus and local amenities. Residents can comfortably navigate the neighborhood by sidewalk. It is an easy .6 mile trip to the Old Town Public Library. Everyday essentials at Walgreens, and popular downtown dining options are similarly nearby as well.
UMaine Commute: Located just 3.4 miles (a 5-to-10-minute drive) from the University of Maine at Orono, avoiding heavy highway traffic.
Highway Access: Immediate access to I-95 (Exits 191 & 193) provides a direct 15-20-minute commute to major employers and shopping in Bangor.
Parking : Features a paved driveway providing ample off-street parking with additional parking along the street permitted. Current tenants have had up to 6 vehicles in the driveway at a time.
- Property Type:
Residential
- Architectural Style:
New Englander
- Bedrooms:
4
- Bathrooms:
3
- Dwelling Size:
1,687 SqFt
- Lot Size:
0.16 Acres
- Lot Description:
- Stories:
- Year Built:
1940
- Interior Features:
Walk-in Closets, 1st Floor Bedroom, 1st Floor Primary Bedroom w/Bath, Attic, Bathtub, Shower, Storage, Primary Bedroom w/Bath
- Exterior Features:
- Parking:
Garage or Parking Spaces: 0
Features: Paved, 1 - 4 Spaces, 5 - 10 Spaces, On Site, On Street
- Area:
- Views:
- Schools:
High School(s): RSU 34
- HOA:
- Senior Community:
- Heating:
Gas Natural, Forced Air
- Cooling:
None
- Appliances:
Washer, Refrigerator, Electric Range, Dryer, Dishwasher
- Fireplace:
Fireplace(s): 0
Features:
- Accessibility:
32 - 36 Inch Doors
- Security Features:
- Foundation:
Block, Granite, Poured Concrete
- Roof:
Flat, Membrane, Pitched, Shingle