Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    117 Lake Street Auburn, ME 04210

    View on Map
    Claim this Listing
    New
    For Sale
    $374,999

    MULTI_FAMILY - Bungalow - Auburn, ME

    Property size:
    1,629 SF
    Lot size:
    0.19 Acres
    Added:
    Apr 15, 2026
    Days on Market:
    4
    Last Refresh:
    Apr 18 at 4:06 am

    Property Features for 117 Lake Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    UR
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2, Basement
    Patio and Porch features
    Porch
    Pets allowed
    No
    Interior features
    1st Floor Bedroom, Pantry, Storage
    Basement
    Walk-Out Access, Full, Unfinished
    Standard status
    Active
    Size
    1,629 SF
    Lot size
    0.19 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    3912

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Other (Heating), Hot Water(Heating)
    Water source
    Public

    Building Details

    Year built
    1800
    Floors in Building
    3
    Number of units
    2
    Flooring type
    Laminate, Carpet, Wood
    Building materials
    Vinyl Siding, Wood Frame
    Roof type
    Shingle
    Architectural style
    Bungalow
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Kylie Bureau

    Listing agent Kylie Bureau

    Listing office Keller Williams Realty 50 Sewall Street, Portland, ME

    Listing date Apr 15, 2026

    MLS# 1657853 Listing URL

    Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Two-Unit Building with Upgrades

    This versatile two-unit building is suitable for investors or owner-occupants. The first floor unit features a three bedroom layout, a large living room with a fireplace, and a sunroom. The upstairs unit is a one bedroom unit with an updated kitchen and bathroom, and storage space. Laundry hook ups are available in both units. The building has upgrades throughout and a rental history. Dedicated parking is located out back. The property is located in Auburn, ME, and has a lot size of 0.19 acres. The property size is 1629 square feet. It is zoned UR.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Auburn
    County
    Androscoggin
    State
    Maine
    Longitude
    -70.241001
    Latitude
    44.10255

    Nearby Similar for Sale

    • $995,000
      10,480 SF

      Versatile Commercial Property on Minot Avenue

      10,480 SF commercial property suitable for restaurant, retail, brewery, events.
      1110 Minot Avenue, Auburn, ME 04210
      View Details
    • $345,600

      Mixed-Use Building in Auburn, Maine

      Remodeled mixed-use building with general business zoning.
      314 Center St., Auburn, ME 04210
      View Details
    • $525,000
      8,000 SF

      Auburn Warehouse/Distribution Building For Sale

      8,000 SF warehouse/distribution building with ample space and power.
      213 Washington Street S, Auburn, ME 04210
      View Details
    • $450,000
      2,552 SF

      Spacious Two-Unit Property on Double Lot

      Well-maintained two-unit property on a double lot in Auburn.
      104 S Main Street, Auburn, ME 04210
      View Details
    • $750,000
      7,466 SF

      Multi-Structure Investment Opportunity in Auburn

      Multi-family property with new single-family home and two-unit building.
      27-31 Drummond Street, Auburn, ME 04210
      View Details
    • $465,000
      3,004 SF

      Victorian Duplex in Auburn, Maine

      Victorian duplex with two units in Auburn, Maine.
      137 S Main Street, Auburn, ME 04210
      View Details
    • $799,900
      2,248 SF

      Versatile Auburn Property with Greenhouse

      30.43-acre property with updated greenhouse and development potential.
      710 Summer Street, Auburn, ME 04210
      View Details
    • $440,000
      2,586 SF

      Renovated Duplex Near Downtown Auburn

      Turnkey first floor unit with value-add potential in Auburn.
      29 Whitney Street, Auburn, ME 04210
      View Details
    • $700,000
      3,906 SF

      Auburn Mixed-Use Opportunity

      Versatile Auburn property with residential and commercial potential.
      823 Washington Street N, Auburn, ME 04210
      View Details
    • $475,000
      8,887 SF

      Auburn Warehouse with Development Potential

      Versatile Auburn warehouse with easy access and development potential.
      358 Washington Street N, Auburn, ME 04210
      View Details
    • $525,000
      8,000 SF

      Warehouse/Distribution Building in Auburn

      8,000 SF warehouse/distribution building with ample parking and outdoor storage.
      213 Washington S Street, Auburn, ME 04210
      View Details
    • $750,000
      12,720 SF

      Versatile Commercial Building Near I-95

      12,720± SF commercial building with I-95 access.
      62 Academy Street, Auburn, ME 04210
      View Details

    FAQs

    What type of property is this?
    Duplex - Versatile two-unit building with upgrades, ideal for investors.
    Where is this duplex located?
    The property is located at 117 Lake Street Auburn, ME.
    What is the asking price?
    The asking price for this property is $374,999.
    What are key features of this property?
    This property features: Turn‑key two‑unit building ideal for investors or owner‑occupants.; Expansive three‑bedroom first‑floor unit **features a fireplace and sunroom.**; Generously sized one‑bedroom upstairs unit with updated kitchen and bathroom.
    (207) 520-8326
    We can help!
    Listing Contact
    Kylie Bureau
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!