115 Winter St Auburn, ME 04210
Estimated payment $2,345/month
Highlights
- Wood Flooring
- Property is near shops
- 3-minute walk to Pettengill Park
- No HOA
- Baseboard Heating
About This Home
Well-maintained and versatile 2-unit property in a convenient Auburn location, offering strong income potential and additional value-add opportunities. The first-floor unit features 3 bedrooms and 1 full bath, while the second-floor unit offers 2 bedrooms with the potential for a third, making this an attractive setup for both owner-occupants and investors. Each unit has its own boiler, with tenants responsible for their own heat--helping to keep operating costs predictable. Based on current numbers, the property operates around a ~6.8% cap rate, with the potential to reach the high 7% range as rents are brought to market levels. A standout feature is the third-floor space, which is currently being utilized by the owner for additional bedrooms. This area offers flexibility for living space storage, workspace, or potential future expansion (buyers to verify all uses with local code enforcement). Additional highlights include solar panels installed approximately 2 years ago, offering long-term energy savings, and a layout that supports both steady cash flow and future upside. Whether you're looking to owner-occupy and offset your mortgage or add a value-add multi-unit to your portfolio, this property presents a strong opportunity in today's market.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,770
Year Built
- Built in 1920
Home Design
- Shingle Roof
Interior Spaces
- 2 Full Bathrooms
- 2,253 Sq Ft Home
- Multi-Level Property
- Interior Basement Entry
Flooring
- Wood
- Vinyl
Utilities
- No Cooling
- Baseboard Heating
Additional Features
- 4,792 Sq Ft Lot
- Property is near shops
Listing and Financial Details
- Tax Lot 116
- Assessor Parcel Number AUBN-000250-000000-000116
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- Operating Expense $8,733
- Gross Income $34,800
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2025 | $4,770 | $208,500 | $24,100 | $184,400 |
| 2024 | $4,639 | $208,500 | $24,100 | $184,400 |
| 2023 | $4,227 | $185,800 | $21,400 | $164,400 |
| 2022 | $3,540 | $155,600 | $17,800 | $137,800 |
| 2021 | $3,721 | $156,200 | $17,800 | $138,400 |
| 2020 | $3,615 | $152,200 | $17,800 | $134,400 |
| 2019 | $3,615 | $152,200 | $17,800 | $134,400 |
| 2018 | $3,604 | $152,200 | $17,800 | $134,400 |
| 2017 | $3,499 | $152,200 | $17,800 | $134,400 |
| 2016 | $3,402 | $152,200 | $17,800 | $134,400 |
| 2015 | $3,234 | $152,200 | $17,800 | $134,400 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/15/2026 04/15/26 | Pending | -- | -- | -- | |
| 04/08/2026 04/08/26 | For Sale | $369,900 | +163.3% | $164 / Sq Ft | |
| 05/12/2017 05/12/17 | Sold | $140,500 | +0.4% | $62 / Sq Ft | View Prior Sale |
| 02/25/2017 02/25/17 | Pending | -- | -- | -- | |
| 01/19/2017 01/19/17 | For Sale | $139,900 | +14.7% | $61 / Sq Ft | |
| 12/12/2013 12/12/13 | Sold | $122,000 | -21.3% | $49 / Sq Ft | View Prior Sale |
| 11/08/2013 11/08/13 | Pending | -- | -- | -- | |
| 05/08/2013 05/08/13 | For Sale | $155,000 | -- | $62 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $153,750 | Purchase Money Mortgage | |
| Previous Owner | $137,954 | FHA | |
| Previous Owner | $119,790 | FHA |
Source: Maine Listings
MLS Number: 1656930
APN: AUBN-000250-000000-000116
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Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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