Augusta Multifamily Greek
25 Washington Street Augusta, ME 04330
25 Washington Street, Augusta, ME, 04330
$298,000
For Sale
$298,000
MULTI_FAMILY - Greek Revival - Augusta, ME
Property Size1,992 SF
Lot Size0.11 Acres
Price / SF$149.60
Days on Market254
Property Features for 25 Washington Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- residential
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1, Basement
- Patio and Porch features
- Porch
- Interior features
- 1st Floor Bedroom, Attic, Bathtub, Shower, Storage
- Basement
- Full
- Standard status
- Active
- Size
- 1,992 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2547
Utilities
- Sewer type
- Public Sewer
- Heating system
- Hot Water(Heating), Baseboard, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1901
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Carpet, Hardwood
- Building materials
- Wood Frame, Asbestos
- Roof type
- Metal
- Architectural style
- Greek Revival
- Additional Structures
- Storage
Listing agency
Webber Real Estate
(207) 293-2601
Listed by
Fred Webber
(207) 293-2601
Added: Nov 10, 2025 Updated: May 22 at 2:13PM Checked: Jul 22 at 11:06PM
MLS# 1632434
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.
This multifamily property in Augusta, Maine, presents an opportunity for investors. The building contains two 2-bedroom units, located on the first and second floors. Each unit includes a porch, laundry hook-up, refrigerator, and range. A double-car garage provides space for storage or vehicles. Situated on a corner lot, the property is within walking distance of downtown Augusta. The lot size is 0.11 acres and the property size is 1992 square feet. The building is zoned for residential use.
Key Highlights
- Two separate 2‑bedroom units offer income potential or multi‑generational living.
- Desirable corner lot location within easy walking distance to downtown Augusta.
- Double‑car garage provides ample storage or parking space.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.3k | $16.20 |
| − Vacancy | −$491 | −$0.25 |
| EGI | $31.8k | $15.95 |
| − OpEx | −$9.5k | −$4.79 |
| NOI | $22.2k | $11.17 |
1,992 SF · lease $16.20/SF/yr · vacancy 1.52% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$317.8K
$278.1K – $370.8K
NOI $22,246 @ 7.0% cap · market cap 7.47%
Second Best
Apartment 5plus
$277.2K
$242.6K – $323.4K
NOI $19,405 @ 7.0% cap · market cap 6.51%
Theoretical Best
Warehouse
$2.97M
$2.60M – $3.47M
NOI $208,031 @ 7.0% cap · market cap 69.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - In-town duplex with garage, close to downtown Augusta.
Where is this duplex located?
The property is located at 25 Washington Street Augusta, ME.
What is the asking price?
The asking price for this property is $298,000.
What are key features of this property?
This property features: Two separate 2‑bedroom units offer income potential or multi‑generational living.; Desirable corner lot location within easy walking distance to downtown Augusta.; Double‑car garage provides ample storage or parking space.
