$487,500
SOLD NOV 25, 2025

198 Summer St Auburn, ME 04210

-- Bed
3 Baths
3,935 Sq Ft
7,841 Sq Ft Lot

Recently Sold

$124 Per Sq Ft

2% Below List Price

12 Days on Market

Highlights

  • Deck
  • No HOA
  • Baseboard Heating
  • New Englander Architecture
  • Porch
  • Carpet

About This Home

As of November 2025

Spacious 3-Unit Apartment Building - Great Investment Opportunity! 🏡💼 Welcome to this well-cared-for 3-unit apartment building offering roomy 2-bedroom layouts, hardwood floors, and warm, inviting spaces throughout. Each unit has a functional design with large living areas, natural light, and plenty of charm. Two units feature washer and dryer hookups, and two offer efficient Rinnai backup heating systems — perfect for Maine winters! Tenants enjoy the convenience of natural gas heat, ample off-street parking, and individual storage rooms for each unit. The building has been thoughtfully maintained, with a new heating system (approx. 5 years old) and a roof just 7 years old, providing peace of mind for years to come. All three units are currently rented on a month-to-month basis, making this property ideal for both investors and those looking for an owner-occupied opportunity. You'll love the central location — just minutes from shopping malls, hospitals, restaurants, and easy highway access. This property blends practicality with potential, offering comfort for tenants and reliable income for owners. Whether you're adding to your portfolio or searching for your first investment, this multi-unit has the space, updates, and location that make it a smart choice. Don't miss your chance to own a solid property with lasting value!

Last Agent to Sell the Property

Toni Ferraro

Ferraro Realty LLC Brokerage Email: Toni@Ferraro-Realty.com Listed on: 10/10/2025

Last Buyer's Agent

Corki Gray

Keller Williams Realty

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,437

Year Built

  • Built in 1902

Lot Details

  • 7,841 Sq Ft Lot

Home Design

  • New Englander Architecture
  • Shingle Roof

Interior Spaces

  • 3 Full Bathrooms
  • 3,935 Sq Ft Home
  • 3-Story Property
  • Interior Basement Entry

Flooring

  • Carpet
  • Vinyl

Outdoor Features

  • Deck
  • Porch

Utilities

  • No Cooling
  • Heating System Mounted To A Wall or Window
  • Baseboard Heating

Listing and Financial Details

  • Tax Lot 224
  • Assessor Parcel Number AUBN-000260-000000-000224

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $12,000
  • Gross Income $50,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,437

Year Built

Built in 1902

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.18
  • MLS Status: Closed
  • Directions: Turner st to Dennison st. to Summer st. See sign #198
  • Above Grade Finished Sq Ft: 3935.0
  • Architectural Style: New Englander
  • Garage Yn: No
  • Unit Levels: Multi-Level
  • Building Stories: 3
  • Year Built: 1902
  • Attribution Contact: Toni@Ferraro-Realty.com
  • Contract Information:List PriceSqFt: 127.06
  • Property Information:Seasonal: No
  • Water Info:Water View2: No
  • Property Information:Short Sale Continue to Show: No
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Furnished: Unfurnished
  • Has Basement: Bulkhead, Interior Entry
  • Full Bathrooms: 3
  • Fireplace: No
  • Flooring: Carpet, Vinyl, Hardwood
  • Stories: 3

Exterior Features

  • Waterfront: No
  • Patio And Porch Features: Deck, Porch
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Direct Vent Heater
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7840.8
  • Parcel #: AUBN-000260-000000-000224
  • Zoning: T4.2

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 50400.0
  • Annual Operating Expense: 12000.0

Tax Info

  • Tax Annual Amount: 3437.0
  • Tax Lot: 224

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 List to Sale Price per Sq Ft
11/25/2025 11/25/25 Sold $487,500 -2.5% $124 / Sq Ft
10/10/2025 10/10/25 For Sale $500,000 -- $127 / 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 $3,869 $173,900 $35,000 $138,900
2023 $3,517 $154,600 $31,100 $123,500
2022 $2,930 $128,800 $25,900 $102,900
2021 $3,068 $128,800 $25,900 $102,900
2020 $2,985 $125,700 $25,900 $99,800
2019 $2,985 $125,700 $25,900 $99,800
2018 $2,977 $125,700 $25,900 $99,800
2017 $2,911 $126,600 $25,900 $100,700
2016 $2,830 $126,600 $25,900 $100,700
2015 $2,478 $126,600 $25,900 $100,700
2013 -- $126,600 $25,900 $100,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1639969

Maine Listings

APN: AUBN-000260-000000-000224