Renovated Duplex Near Downtown
29 Whitney Street Auburn, ME 04210
For Sale
$440,000
MULTI_FAMILY - Other - Auburn, ME
Property Size2,586 SF
Lot Size0.11 Acres
Price / SF$170.15
Days on Market58
Property Features for 29 Whitney Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- T-4-2
- Bathrooms
- 4
- Rooms
- Bathroom 4, Bathroom 3, Bathroom 2, Basement, Bathroom 1
- Basement
- Full, Unfinished
- Standard status
- Active
- Size
- 2,586 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 2361
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1870
- Floors in Building
- 3
- Number of units
- 2
- Flooring type
- Vinyl, Laminate, Wood
- Building materials
- Wood Frame, Clapboard, Wood Siding
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency:
Landing Real Estate
(207) 775-7653
Listed By:
Daniel Kimball
(207) 522-2544
Added: May 28
Changed: Jul 9
Last Checked: Jul 24 at 6:06AM
MLS# 1651246
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 features a renovated first-floor apartment with a spacious 2-bedroom, 2-bath layout, updated finishes, and a modern kitchen and baths. The second unit is undergoing renovations, with framing, plumbing, and electrical work completed, offering the potential for additional income or a custom owner-occupied setup. The property is located near downtown Auburn, shopping, restaurants, hospitals, and major commuter routes. The lot size is 0.11 acres. The property size is 2586 square feet. The zoning is T-4-2.
Key Highlights
- First‑floor unit offers a 2‑bedroom, 2‑bath layout with extensively renovated finishes and an updated kitchen and baths
- Second unit is underway with framing, plumbing, and electrical already completed
- Built in 1870 with clapboard and wood siding construction (wood frame)
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 | $36.9k | $14.28 |
| − Vacancy | −$491 | −$0.19 |
| EGI | $36.4k | $14.09 |
| − OpEx | −$10.9k | −$4.23 |
| NOI | $25.5k | $9.86 |
2,586 SF · lease $14.28/SF/yr · vacancy 1.33% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$364.4K
$318.8K – $425.1K
NOI $25,506 @ 7.0% cap · market cap 5.80%
Second Best
Apartment 5plus
$346.2K
$302.9K – $403.9K
NOI $24,233 @ 7.0% cap · market cap 5.51%
Theoretical Best
Warehouse
$4.59M
$4.02M – $5.36M
NOI $321,505 @ 7.0% cap · market cap 73.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Turnkey first floor unit with value-add potential in Auburn.
Where is this duplex located?
The property is located at 29 Whitney Street Auburn, ME.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: First‑floor unit offers a 2‑bedroom, 2‑bath layout with extensively renovated finishes and an updated kitchen and baths; Second unit is underway with framing, plumbing, and electrical already completed; Built in 1870 with clapboard and wood siding construction (wood frame)
