NOT LISTED FOR SALE

247 Main St Auburn, ME 04210

-- Bed
8 Baths
5,079 Sq Ft
0.25 Acres

Last Sold August 26, 2024

Last sale price $655,000 $129 Per Sq Ft

50 Days on Market

Highlights

  • Property is near public transit
  • No HOA
  • Asbestos
  • Wood Flooring
  • Baseboard Heating
  • 1-minute walk to Rodney Bonney Memorial Park

About This Home

As of August 2024

Fantastic Opportunity in the Heart of Auburn. 8 units with solid rental history.
Building was gutted and remodeled several years ago and has been well maintained and in the same ownership for years. Walking distance to all downtown community festivities and activities. Ample off street parking by permit. Some unit rent increases are in place for June 2024 to better enhance your cash flow. Build your future with a great Auburn Offering!

Last Agent to Sell the Property

Mark Pilot

Better Homes & Gardens Real Estate/The Masiello Group Brokerage Email: markpilot@masiello.com Listed on: 06/19/2024

Better Homes & Gardens Real Estate/The Masiello Group

Last Buyer's Agent

Mark Pilot

Better Homes & Gardens Real Estate/The Masiello Group Brokerage Email: markpilot@masiello.com Listed on: 06/19/2024

Better Homes & Gardens Real Estate/The Masiello Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,024

Year Built

  • Built in 1920

Lot Details

  • 0.25 Acre Lot
  • Level Lot

Parking

  • Gravel Driveway

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Asbestos Siding
  • Asbestos

Interior Spaces

  • 8 Full Bathrooms
  • 5,079 Sq Ft Home
  • Multi-Level Property

Flooring

  • Wood
  • Carpet
  • Vinyl

Unfinished Basement

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

Location

  • Property is near public transit
  • City Lot

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Baseboard Heating

Listing and Financial Details

  • Tax Lot 5
  • Assessor Parcel Number AUBN-000231-000000-000005

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Building Details

  • Operating Expense $22,273
  • Gross Income $91,054

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,024

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.25
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: GPS friendly...Main Street Auburn....near Academy.
  • Above Grade Finished Sq Ft: 5079.0
  • Architectural Style: Multi-Level
  • Garage Yn: No
  • Year Built: 1920
  • Attribution Contact: markpilot@masiello.com
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 133.88
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.25
  • Property Information:Total Baths: 8.0
  • Property Information:SqFt Finished Above Grade: 5079.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Gas:Natural - On Site: Yes
  • Basement:Unfinished: Yes
  • Heat Fuel:Gas Natural: Yes
  • Property Information:Number of Units: 8
  • Income Expenses Gross Income: 91054.0
  • Income Expenses Operating Expenses: 22273.0
  • Style:Multi-Level: Yes
  • Property Information:Short Sale Continue to Show: No
  • Driveway:Gravel: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Exterior:Asbestos: Yes
  • Transportation:Public Transport Access: Yes
  • Advertising Remarks:Advertising Remarks: Fantastic Opportunity in the Heart of Auburn. 8 units with solid rental history. Building was gutted and remodeled several years ago and has been well maintained and in the same ownership for years. Walking distance to all downtown community festivities and activities. Ample off street parking by permit. Some unit rent increases are in place for June 2024 to better enhance your cash flow. Build your future with a great Auburn Offering! Contact Mark Pilot at markpilot@masiello.com
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full, Interior Entry, Unfinished
  • Full Bathrooms: 8
  • Flooring: Wood, Vinyl, Carpet
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Sidewalks, Intown, Near Shopping, Near Public Transit
  • Waterfront: No
  • Construction Type: Asbestos, Wood Frame
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Gravel

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: 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: 10890.0
  • Parcel #: AUBN-000231-000000-000005
  • Zoning: T-4.1

Multi Family

  • Number Of Units Total: 8
  • Annual Gross Income: 91054.0
  • Annual Operating Expense: 22273.0

Tax Info

  • Tax Annual Amount: 6024.0
  • Tax Lot: 5
  • Tax Year: 2023

Range of Values:

--
Value Increase
--
Percent Increase
--
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
08/26/2024 08/26/24 Sold $655,000 -3.7% $129 / Sq Ft
06/30/2024 06/30/24 Pending -- -- --
06/19/2024 06/19/24 For Sale $680,000 0.0% $134 / Sq Ft
05/31/2024 05/31/24 Pending -- -- --
05/10/2024 05/10/24 For Sale $680,000 -- $134 / Sq Ft
Source: Maine Listings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Mark Pilot

    Seller's Agent in 2024

    Mark Pilot

    Better Homes & Gardens Real Estate/The Masiello Group

    (207) 782-8311

    17 in this area

    62 Total Sales

    Mark Pilot
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Map

Source: Maine Listings

MLS Number: 1589229

Maine Listings
Maine Androscoggin County Auburn 04210

247 Main St, Auburn, ME

Not Listed for Sale

MultiFamily

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