$295,000
UNDER CONTRACT

41 State St Augusta, ME 04330

Estimated payment $1,892/month

Total Views 2,837
-- Bed
3 Baths
3,080 Sq Ft
$96 Price per Sq Ft

Highlights

  • Colonial Architecture
  • No HOA
  • 2 Car Garage
  • Wood Flooring
  • Porch
  • Heating System Mounted To A Wall or Window

About This Home

This 3-unit property needs some rehab work but offers strong upside for the right buyer. The structure has good bones, with solid framing, siding, new roof and a layout well-suited for renovation. Features: Three separate units with functional layouts. Original details ready to be restored. Full basement for mechanicals. Large yard space with potential for increasing the appeal to both tenants and owner occupied. Ideal for investors with a solid cash flow and good ROI. Good opportunity for a owner, contractors, or buyers looking to renovate and build equity.

Listing Agent

Tony Donovan

Spectrum Real Estate Listed on: 03/21/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,650

Year Built

  • Built in 1825

Parking

  • 2 Car Garage

Home Design

  • Colonial Architecture
  • New Englander Architecture
  • Shingle Roof
  • Metal Roof

Interior Spaces

  • 3 Full Bathrooms
  • 3,080 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Carpet
  • Vinyl

Utilities

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

Additional Features

  • Porch
  • 8,276 Sq Ft Lot

Listing and Financial Details

  • Tax Lot 228
  • Assessor Parcel Number AUGU-000034-000228

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $15,814
  • Gross Income $44,520

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,650

Year Built

Built in 1825

Lot Details

8,276 Sq Ft Lot

Parking

2

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.19
  • MLS Status: Active Under Contract
  • Directions: Take exit 109 from I-95. Continue on ME-100 N/ME-17 E/US-202 E/Western Ave. Drive to State St Corner of State and Crosby Lane
  • Above Grade Finished Sq Ft: 3080.0
  • Architectural Style: Colonial, New Englander
  • Garage Yn: Yes
  • Unit Levels: Multi-Level
  • Building Stories: 2
  • Year Built: 1825
  • Contract Information:List PriceSqFt: 95.78
  • Property Information:Seasonal: No
  • Water Info:Water View2: No
  • Property Information:Deed Restrictions: Unknown
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Bulkhead
  • Full Bathrooms: 3
  • Flooring: Carpet, Vinyl, Wood

Exterior Features

  • Lot Features: Business District
  • Waterfront: No
  • Patio And Porch Features: Porch
  • Roof: Metal, Shingle

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Direct Vent Heater
  • 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: 8276.4
  • Parcel #: AUGU-000034-000228
  • Zoning: RC

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 44520.0
  • Annual Operating Expense: 15814.0

Tax Info

  • Tax Annual Amount: 3650.0
  • Tax Lot: 228
  • Tax Year: 2025

Map

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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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
2025 $3,650 $149,600 $19,000 $130,600
2024 $3,560 $149,600 $19,000 $130,600
2023 $3,435 $149,600 $19,000 $130,600
2022 $3,279 $149,600 $19,000 $130,600
2021 $3,133 $149,600 $19,000 $130,600
2020 $3,133 $149,600 $19,000 $130,600
2019 $3,137 $149,600 $19,000 $130,600
2018 $3,137 $149,600 $19,000 $130,600
2017 $3,049 $149,600 $19,000 $130,600
2016 $2,961 $149,600 $19,000 $130,600
2015 $2,902 $149,600 $19,000 $130,600
2014 $2,793 $149,600 $19,000 $130,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/21/2026 03/21/26 For Sale $295,000 +451.4% $96 / Sq Ft
12/15/2014 12/15/14 Sold $53,500 -46.4% $17 / Sq Ft View Prior Sale
12/02/2014 12/02/14 Pending -- -- --
02/14/2013 02/14/13 For Sale $99,900 -- $32 / Sq Ft
Source: Maine Listings

Purchase History

Date Type Sale Price Title Company
Personal Reps Deed -- None Available
Personal Reps Deed -- None Available
Personal Reps Deed -- None Available
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $275,352 Commercial
Closed $275,352 Commercial
Previous Owner $136,500 New Conventional
Previous Owner $106,000 Adjustable Rate Mortgage/ARM
Source: Public Records

Source: Maine Listings

MLS Number: 1654967

Maine Listings

APN: AUGU-000034-000228

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