Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    202 Mount Vernon Ave Augusta, ME 04330

    For Sale
    $584,900

    MULTI_FAMILY - Augusta, ME

    Property size:
    5,856 SF
    Lot size:
    0.47 Acres
    Days on Market:
    28
    Last Refresh:
    Dec 7 at 9:06 pm

    Property Features for 202 Mount Vernon Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential
    Rooms
    Bathroom 7, Bathroom 1, Basement, Bathroom 3, Bathroom 5, Bathroom 2, Bathroom 8, Bathroom 6, Bathroom 4
    Interior features
    1st Floor Bedroom, Bathtub, Shower
    Basement
    Unfinished
    Size
    5,856 SF
    Lot size
    0.47 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Baseboard, Forced Air
    Water source
    Public

    Building Details

    Year built
    1942
    Number of units
    8
    Flooring type
    Vinyl, Carpet, Wood
    Building materials
    Wood Siding, Vinyl Siding, Other Exterior, Mobile, Wood Frame
    Roof type
    Metal, Shingle

    Sprague and Curtis Real Estate (207) 623-1123 [email protected]

    Listing agent James Pepin (207) 623-1123

    Listing date Nov 10, 2025

    MLS# 1635654 Listing URL

    Copyright © 2025 Maine Real Estate Information System, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Augusta Multifamily Investment Opportunity

    This unique property in Augusta, Maine, features two buildings and two mobile homes, with the potential for a ninth unit. The property is located on a 0.47-acre lot and has a good rental history. The property is connected to city water and sewer and has decent parking. The four-unit building at 204 Mt Vernon Ave includes three two-bedroom units and one one-bedroom unit, featuring BBHW heat, good flooring, kitchens, and full baths, as well as a basement. The two-unit building at 202 Mt Vernon Ave has two units, each on its own level, with two bedrooms in each, laminate flooring, full baths, and a monitor heater (propane) in each unit. Tenants have the option to pay their own heat. The building also has a crawl space. The mobile home at 5 Kayla Lane has two bedrooms, a kitchen, a full bath, and a dining area. The mobile home at 6 Kayla Lane has one bedroom, a kitchen, and a bath. A third mobile home at 7 Kayla Lane requires repair and is not currently rented. The property is close to downtown, the Marketplace Mall, and the interstate.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Augusta
    County
    Kennebec
    State
    Maine
    Longitude
    -69.787392
    Latitude
    44.329971

    Nearby Similar for Sale

    • $525,000
      12,093 SF

      Versatile Commercial Building in Augusta

      12,000 sq ft commercial building on 1.04-acre lot.
      10 Pethaven Ln, Augusta, ME 04330
      View Details
    • $1,750,000
      13,446 SF

      Prime Augusta Office Building Investment

      First-class commercial office building with long-term tenants and high visibility.
      5 Community Dr, Augusta, ME 04330
      View Details
    • $425,000
      4,346 SF

      Historic Office Building in Augusta

      Well-maintained, historic office building near Maine's State House.
      132 State St, Augusta, ME 04330
      View Details
    • $525,000
      2,988 SF

      Augusta Commercial Property Overlooking Kennebec

      One-acre commercial lot with well-maintained building and unmatched location.
      2 Howard St, Augusta, ME 04330
      View Details
    • $525,000
      1.00 Acre

      Augusta Commercial Land Overlooking River

      One-acre commercial lot with river views in Augusta, Maine.
      2 Howard St, Augusta, ME 04330
      View Details
    • $450,000
      5,076 SF

      Classic Federal House in Augusta

      Commercially zoned property near downtown Augusta with residential potential.
      8 Crosby Street Pl, Augusta, ME 04330
      View Details

    FAQs

    What type of property is this?
    Apartment building - Two buildings, two mobile homes, potential for a ninth unit.
    Where is this apartment building located?
    The property is located at 202 Mount Vernon Ave Augusta, ME.
    What is the asking price?
    The asking price for this property is $584,900.
    What are key features of this property?
    This property features: - Eight existing rental units with potential for a ninth.; - Diverse property portfolio including a 4-unit building, a 2-unit building, and two mobile homes.; - Located on a single .47-acre lot with city water and sewer.
    (207) 623-1123
    Request Owner's contact information
    202 Mount Vernon Ave Augusta, ME 04330
    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.
    202 Mount Vernon Ave
    Augusta, ME 04330
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    202 Mount Vernon Ave Augusta, ME 04330
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.