NOT LISTED FOR SALE
-- Bed
7 Baths
3,482 Sq Ft
4,356 Sq Ft Lot

Last Sold August 07, 2023

Last sale price $425,000 $122 Per Sq Ft

8 Days on Market

Highlights

  • New Englander Architecture
  • Shed
  • Baseboard Heating
  • No HOA
  • Forced Air Heating System
  • Level Lot

About This Home

As of August 2023

7-Unit Multi-Family in Auburn for $395,000. This investment opportunity features seven thoughtfully laid-out apartments (Three 1-beds and four 2-room studios) in a central and convenient location. OPEN HOUSES & showings will be MONDAY 3:30-4:30 PM AND TUESDAY 12:00-1:00 PM. Well maintained, the units are entirely rentable as-is, providing an immediate income stream, or they can be renovated to maximize income further. This is an excellent opportunity for stable rental income and long-term growth in a sought-after location with some of the most exponential price trends in the state. The building's layout consists of three units on the first floor, three units on the second floor, and one additional unit on the third floor, making optimal use of the building's size. Tenants enjoy convenient access through two separate entrances—one at the front for five units and another at the back catering to the last two units. The property benefits from its prime location in Auburn's downtown district, with proximity to a wide range of amenities, shops, trendy restaurants, and easy access to public transportation offers an enticing package for potential tenants. OPEN HOUSES & showings will be MONDAY 3:30-4:30 PM AND TUESDAY 12:00-1:00 PM.

Last Agent to Sell the Property

Lauren Jones

F.O. Bailey Real Estate Listed on: 07/13/2023

Last Buyer's Agent

Brent Maurice

Harborview Properties, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,415

Year Built

  • Built in 1878

Lot Details

  • 4,356 Sq Ft Lot
  • Level Lot

Home Design

  • New Englander Architecture
  • Brick Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding
  • Shingle Siding

Interior Spaces

  • 7 Full Bathrooms
  • 3,482 Sq Ft Home
  • 3-Story Property
  • Carpet
  • Laundry on main level

Unfinished Basement

  • Interior and Exterior Basement Entry
  • Dirt Floor

Parking

  • Common or Shared Parking
  • Shared Driveway
  • Paved Parking
  • On-Site Parking

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Oil Water Heater

Additional Features

  • Shed
  • City Lot

Listing and Financial Details

  • Legal Lot and Block 126 / 2
  • Assessor Parcel Number AUBN-000230-000000-000072

Community Details

Overview

  • No Home Owners Association
  • 7 Units

Building Details

  • Operating Expense $24,699
  • Gross Income $76,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,415

Year Built

Built in 1878

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Building is off of Spring St, back entrance is on Drummond Ct.
  • Above Grade Finished Sq Ft: 3482.0
  • Architectural Style: Multi-Level, New Englander
  • Garage Yn: No
  • Building Stories: 3
  • Year Built: 1878
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.1
  • Property Information:Total Baths: 7.0
  • Property Information:SqFt Finished Above Grade: 3482.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Exterior:Shingle Siding: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Forced Air: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Driveway:Common2: Yes
  • Basement:Unfinished: Yes
  • Property Information:Number of Units: 7
  • Foundation Materials:BrickMortar2: Yes
  • Building Info:_pound_ Stories2: 3
  • Income Expenses Gross Income: 76800.0
  • Income Expenses Operating Expenses: 24699.0
  • Parking:On Site2: Yes
  • Style:Multi-Level: Yes
  • Exterior:Wood Siding: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Basement:Dirt Floor: Yes
  • Gas:Natural - At Street: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Water Heater:Oil2: Yes
  • Style:New Englander: Yes
  • Other Structures:Shed: Yes
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Has Basement: Bulkhead, Dirt Floor, Exterior Entry, Interior Entry, Unfinished
  • Full Bathrooms: 7
  • Flooring: Carpet

Exterior Features

  • Lot Features: Level, Sidewalks, Intown
  • Waterfront: No
  • Construction Type: Wood Siding, Shingle Siding, Wood Frame
  • Foundation Details: Brick/Mortar
  • Other Structures: Shed(s)
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Paved, Common, On Site

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level
  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Forced Air, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4356.0
  • Parcel #: AUBN-000230-000000-000072
  • Zoning: T-5.1

Multi Family

  • Number Of Units Total: 7
  • Annual Gross Income: 76800.0
  • Annual Operating Expense: 24699.0

Tax Info

  • Tax Annual Amount: 3415.0
  • Tax Block: 2
  • Tax Book Number: 6908
  • Tax Lot: 126
  • Tax Map Number: 7
  • Tax Year: 2022

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
08/07/2023 08/07/23 Sold $425,000 +7.6% $122 / Sq Ft
07/21/2023 07/21/23 Pending -- -- --
07/13/2023 07/13/23 For Sale $395,000 -- $113 / Sq Ft
Source: Maine Listings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1565224

Maine Listings