18 Crosby St Augusta, ME 04330
Estimated payment $5,963/month
Highlights
- 0.71 Acre Lot
- Wood Flooring
- Forced Air Heating System
- Colonial Architecture
- No HOA
- Baseboard Heating
About This Home
3-Building Portfolio Investment Opportunity -in Augusta, Maine. Included in the Offering:
• 51 State Street - 3 Units
• 18 Crosby Street - 4 Units (Adjacent to 51 State Street)
• 84-90 Mt. Vernon Avenue - 5 Units (Includes an adjacent lot)
With State Street and Crosby Street side-by-side, investors benefit from operational efficiencies, simplified management, and strong rental positioning. Property Highlights:
12 total residential units across three buildings. 51 State Street includes a single-car, extra-long garage (roof needs replacement - value-add opportunity). 84-90 Mt. Vernon Avenue features an adjacent lot, offering expansion, parking, or future development potential. Portfolio sale allows for economies of scale and increased cash flow potential. This is an excellent opportunity for investors seeking to expand an existing portfolio or enter the Augusta market with immediate footprint and upside. Financial Overview 9.5% Cap Rate based on revenues and expenses provided by the property manager. Figures reflect performance as of February 1, 2026. Financials available upon execution of NDA. For additional information or to request financials, reach out today and explore the possibilities this Augusta portfolio has to offer. Showing by appointment only. Drive-by welcome prior to requesting a showing. please conduct drive-by only (do not walk the property).
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,548
Year Built
- Built in 1800
Lot Details
- 0.71 Acre Lot
Parking
- 1 Car Garage
Home Design
- Colonial Architecture
- Shingle Roof
Interior Spaces
- 12 Full Bathrooms
- 3,424 Sq Ft Home
- 3-Story Property
Flooring
- Wood
- Vinyl
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Mounted To A Wall or Window
- Baseboard Heating
- Hot Water Heating System
Listing and Financial Details
- Tax Lot 227
- Assessor Parcel Number AUGU-000034-000227
Community Details
Overview
- No Home Owners Association
- 12 Units
Building Details
- Operating Expense $60,516
- Gross Income $161,400
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 |
|---|---|---|---|---|
| 2024 | $3,461 | $145,400 | $29,800 | $115,600 |
| 2023 | $3,338 | $145,400 | $29,800 | $115,600 |
| 2022 | $3,187 | $145,400 | $29,800 | $115,600 |
| 2021 | $3,045 | $145,400 | $29,800 | $115,600 |
| 2020 | $3,045 | $145,400 | $29,800 | $115,600 |
| 2019 | $3,049 | $145,400 | $29,800 | $115,600 |
| 2018 | $3,049 | $145,400 | $29,800 | $115,600 |
| 2017 | $2,963 | $145,400 | $29,800 | $115,600 |
| 2016 | $2,877 | $145,400 | $29,800 | $115,600 |
| 2015 | $2,821 | $145,400 | $29,800 | $115,600 |
| 2014 | $2,715 | $145,400 | $29,800 | $115,600 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/17/2026 02/17/26 | For Sale | $1,100,000 | +1275.0% | $321 / Sq Ft | |
| 12/15/2014 12/15/14 | Sold | $80,000 | -42.9% | $23 / Sq Ft | View Prior Sale |
| 12/02/2014 12/02/14 | Pending | -- | -- | -- | |
| 01/12/2012 01/12/12 | For Sale | $140,000 | -- | $41 / Sq Ft |
Source: Maine Listings
MLS Number: 1652054
APN: AUGU 00034-00227-00000
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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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