4 Spruce St Augusta, ME 04330
Highlights
- Wood Flooring
- No HOA
- Forced Air Heating System
- New Englander Architecture
- Bathtub
- Baseboard Heating
About This Home
As of April 2025Located just one street over from a Maine General building, this beautifully renovated two-unit apartment building offers a fantastic opportunity for both investors and potential owner-occupants. Situated in a prime Augusta neighborhood, this property has been thoughtfully updated and is move-in ready.
The building features two spacious units, both designed with generous living spaces, abundant natural light, and modern finishes. The kitchens and bathrooms have been completely renovated, showcasing brand-new counter tops, stylish cabinetry, and contemporary design elements. Throughout the property, you'll also find updated systems, including plumbing and electrical, ensuring long-term efficiency and reliability.
Off-street parking is available, and each unit has its own separate utilities, making this an ideal setup for tenants or homeowners who appreciate independence and cost control. Whether you're looking to generate consistent rental income or enjoy a home with rental potential, this property is perfect for either scenario. Investors will appreciate the strong rental demand in the area, particularly with its close proximity to Maine General. For those considering owner-occupancy, living in one unit while renting out the other offers a great opportunity to offset living expenses.
The location couldn't be more convenient, making it perfect for healthcare professionals or anyone who works in the area. Additionally, it's just a short drive to downtown Augusta, where you'll find shopping, dining, and other amenities.
Whether you're an investor seeking a lucrative rental property or a homeowner looking to generate additional income, this is an exceptional opportunity.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,418
Year Built
- Built in 1890
Home Design
- 1,932 Sq Ft Home
- New Englander Architecture
- Wood Frame Construction
- Shingle Roof
- Vinyl Siding
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 2 Full Bathrooms
- Bathtub
Unfinished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Parking
- Gravel Driveway
- Off-Street Parking
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Oil
- Baseboard Heating
- Natural Gas Not Available
Additional Features
- Laundry on upper level
- 4,356 Sq Ft Lot
Listing and Financial Details
- Tax Lot 153
- Assessor Parcel Number AUGU-000038-000153
Community Details
Overview
- No Home Owners Association
- 2 Units
Amenities
- Coin Laundry
Building Details
- Operating Expense $8,220
- Gross Income $45,600
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/10/2025 04/10/25 | Sold | $350,000 | +2.9% | $181 / Sq Ft |
| 03/10/2025 03/10/25 | Pending | -- | -- | -- |
| 02/27/2025 02/27/25 | Price Changed | $340,000 | -1.4% | $176 / Sq Ft |
| 01/30/2025 01/30/25 | Price Changed | $345,000 | -1.4% | $179 / Sq Ft |
| 12/08/2024 12/08/24 | For Sale | $350,000 | 0.0% | $181 / Sq Ft |
| 12/07/2024 12/07/24 | Off Market | $350,000 | -- | -- |
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 | $2,637 | $110,800 | $18,800 | $92,000 |
| 2023 | $2,418 | $105,300 | $18,800 | $86,500 |
| 2022 | $2,308 | $105,300 | $18,800 | $86,500 |
| 2021 | $2,205 | $105,300 | $18,800 | $86,500 |
| 2020 | $2,205 | $105,300 | $18,800 | $86,500 |
| 2019 | $2,208 | $105,300 | $18,800 | $86,500 |
| 2018 | $2,177 | $105,300 | $18,800 | $86,500 |
| 2017 | $2,146 | $105,300 | $18,800 | $86,500 |
| 2016 | $2,084 | $105,300 | $18,800 | $86,500 |
| 2015 | $2,043 | $105,300 | $18,800 | $86,500 |
| 2014 | $1,966 | $105,300 | $18,800 | $86,500 |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $343,660 | FHA | |
| Closed | $343,660 | FHA | |
| Previous Owner | $140,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $44,000 | Balloon | |
| Previous Owner | $69,222 | FHA |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $350,000 | None Available | |
| Warranty Deed | $350,000 | None Available | |
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- |
Source: Maine Listings
MLS Number: 1610859
APN: AUGU-000038-000153
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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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