$230,000
SOLD MAY 30, 2025

101 Mount Vernon Ave Augusta, ME 04330

-- Bed
2 Baths
2,148 Sq Ft
0.29 Acres

Recently Sold

$107 Per Sq Ft

14% Below List Price

25 Days on Market

Highlights

  • No HOA
  • Tile Flooring
  • Baseboard Heating
  • 2 Car Attached Garage

About This Home

As of May 2025

This well-maintained duplex features two spacious 3-bedroom units, both occupied by long-term tenants and generating consistent rental income from day one.Perched on an elevated lot, the property offers a sense of privacy and elevated curb appeal, all while being just minutes from downtown Augusta. With close proximity to the State House, local hospitals, schools, and I-95, the location offers unbeatable convenience and accessibility for tenants. With recent renovations and below market rents, this property presents a prime opportunity for increased cash flow and long-term equity growth, making it a savvy, low-maintenance addition to any portfolio. Whether you're expanding your investments or purchasing your first multi-family, this fully occupied property offers the perfect combination of stability, location, and tremendous growth potential.

Last Agent to Sell the Property

Tyler Stewart

Keller Williams Realty Listed on: 04/23/2025

Keller Williams Realty

Last Buyer's Agent

Mohammed Yaqoob

F.O. Bailey Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,491

Year Built

  • Built in 1898

Lot Details

  • 0.29 Acre Lot
  • Sloped Lot

Parking

  • 2 Car Attached Garage
  • Common or Shared Parking
  • Shared Driveway
  • Off-Street Parking

Home Design

  • Wood Frame Construction
  • Pitched Roof
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2 Full Bathrooms
  • 2,148 Sq Ft Home
  • Multi-Level Property

Flooring

  • Carpet
  • Tile
  • Vinyl

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Location

  • City Lot

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available

Listing and Financial Details

  • Tax Lot 235
  • Assessor Parcel Number AUGU-000035-000235

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $12,423
  • Gross Income $25,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,491

Year Built

Built in 1898

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.29
  • MLS Status: Closed
  • Directions: GPS Friendly
  • Above Grade Finished Sq Ft: 2148.0
  • Architectural Style: Other
  • Garage Yn: Yes
  • Unit Levels: Multi-Level
  • Year Built: 1898
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.29
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 2148.0
  • Property Information:Garage: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Tile2: Yes
  • Floors:Vinyl: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Property Information:Garage Spaces: 2.0
  • Exterior:Vinyl Siding: Yes
  • Driveway:Common2: Yes
  • Basement:Unfinished: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 2
  • Income Expenses Gross Income: 25200.0
  • Income Expenses Operating Expenses: 12423.42
  • Parking:On Site2: Yes
  • Roof:Pitched: Yes
  • Parking:Paved3: Yes
  • Property Information:Short Sale Continue to Show: No
  • Site:RollingSloping: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Property Information 2 Detached Houses on 1 Lot: No
  • Levels:Multi-Level3: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Interior, Full, Unfinished
  • Full Bathrooms: 2
  • Flooring: Vinyl, Tile, Carpet
  • Full Basement: Yes

Exterior Features

  • Lot Features: Rolling/Sloping, Sidewalks, Intown, Near Turnpike/Interstate
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Roof: Pitched, Shingle

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: 5 - 10 Spaces, Paved, Common, On Site, Off Street

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 12632.4
  • Parcel #: AUGU-000035-000235
  • Zoning: RD

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 25200.0
  • Annual Operating Expense: 12423.42

Tax Info

  • Tax Annual Amount: 2491.16
  • Tax Book Number: 10360
  • Tax Lot: 235
  • Tax Map Number: 35
  • Tax Year: 2024

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2025 05/30/25 Sold $230,000 -14.5% $107 / Sq Ft
05/18/2025 05/18/25 Pending -- -- --
04/23/2025 04/23/25 For Sale $269,000 -- $125 / Sq Ft
Source: Maine Listings

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $29 $1,200 $1,200 $0
2023 $28 $1,200 $1,200 $0
2022 $26 $1,200 $1,200 $0
2021 $25 $1,200 $1,200 $0
2020 $25 $1,200 $1,200 $0
2019 $21 $1,000 $1,000 $0
2018 $21 $1,000 $1,000 $0
2017 $20 $1,000 $1,000 $0
2016 $20 $1,000 $1,000 $0
2015 $19 $1,000 $1,000 $0
2014 $19 $1,000 $1,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1619933

Maine Listings

APN: AUGU-000029-000041