Four-Unit Quadplex With
For Sale
$399,900
12 Weston Street, Augusta, ME 04330
MULTI_FAMILY - Other - Augusta, ME
Property Size3,315 SF
Lot Size0.11 Acres
Price / SF$120.63
Days on Market44
Property Features for 12 Weston Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RES Apartment
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Basement, Bathroom 4, Bathroom 3, Bathroom 2
Patio and Porch features
Porch
Pets allowed
No
Interior features
1st Floor Bedroom
Basement
Unfinished, Full
Lot features
Other Site, Level, Intown, Near Shopping, Near Turnpike/ Interstate, Near Town
Standard status
Active
Size
3,315 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3387
Utilities
Sewer type
Public Sewer
Heating system
Propane (Heating), Forced Air
Water source
Public
Building Details
Year built
1900
Number of units
4
Flooring type
Carpet, Hardwood, Linoleum
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
Rizzo Mattson
(207) 622-9000
Listed By:
Cameron Rizzo
(207) 446-6884
Added: Jun 30
Changed: Aug 1
Last Checked: Aug 12 at 1:06AM
MLS# 1669175
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.
Investment Insights
Based on property information with market context.
Four-unit quadplex at 12 Weston Street with a mix of two 2-bedroom units and two 1-bedroom units. The home is wood frame construction with vinyl siding and a shingle roof, built in 1900. Interior finishes include carpet, hardwood, and linoleum flooring, along with an on-site porch and a 1st floor bedroom. Heating is forced air with propane, and the property’s layout includes a basement and multiple bathrooms.
The property sits on a 0.11-acre lot and has 3,315 square feet of space. Services include public water and public sewer. The property is zoned RES Apartment.
Overall, this is a straightforward, low-maintenance residential income property with a consistent unit configuration designed to serve multiple tenant profiles.
The property sits on a 0.11-acre lot and has 3,315 square feet of space. Services include public water and public sewer. The property is zoned RES Apartment.
Overall, this is a straightforward, low-maintenance residential income property with a consistent unit configuration designed to serve multiple tenant profiles.
Key Highlights
- Two 2‑bedroom units and two 1‑bedroom units
- 3,315 square feet and 0.11‑acre lot
- Wood frame construction with vinyl siding and shingle roof
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,293
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$645,860
$645.9K
Cap Rate 7%
$461,329
$461.3K
Cap Rate 9%
$358,811
$358.8K
Market Conditions
NOI Build-Up for 3,315 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$59.7K $18.00/SF
− Vacancy
−$955 −$0.29/SF
EGI
$58.7K $17.71/SF
− OpEx
−$26.4K −$7.97/SF
NOI
$32.3K $9.74/SF
Area
Kennebec County, ME
Vacancy
1.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$645,860
Cap Rate 7%
$461,329
Cap Rate 9%
$358,811
Alternative Uses
Best Use
Multifamily LT 5
$528.9K
$462.8K – $617.0K
NOI $37,021 @ 7.0% cap · market cap 9.26%
Second Best
Apartment 5plus
$461.3K
$403.7K – $538.2K
NOI $32,293 @ 7.0% cap · market cap 8.08%
Theoretical Best
Warehouse
$4.95M
$4.33M – $5.77M
NOI $346,196 @ 7.0% cap · market cap 86.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,211
Businesses Nearby
Explore this area
Business Placement
Demographics for 04330, ME
26,322
Population
13,017
Households
2
Avg Household Size
44
Median Age
28%
College-Educated
95%
High-School Grad
116.9 sq mi
ZIP Area
225
Density / Sq Mi
$55,158
Median Household Income
$43,177
Median Earnings
$912
Median Rent
$197,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Two 2-bedroom and two 1-bedroom units in a wood-frame quadplex with a porch.
Where is this quadplex located?
The property is located at 12 Weston Street Augusta, ME.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Two 2‑bedroom units and two 1‑bedroom units; 3,315 square feet and 0.11‑acre lot; Wood frame construction with vinyl siding and shingle roof
