Three-Unit Mixed-Use
New
For Sale
$352,000
10 Amherst St, Augusta, ME 04330
A ground-floor business space with kitchenette and central air sits alongside two apartments on the upper levels.
Property Size2,040 SF
Price / SF$172.55
Days on Market6
Property Features for 10 Amherst St
General Information
Standard status
Active
Size
2,040 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR, 1 x 1BR
Multifamily Units
2
Amenities
kitchenette
central air
Building Details
Year Built
1880
Tenancy
Multi
Listed By:
Kathy Gallant
(207) 841-7569
Source:
Gre207
Added: Oct 7
Last Checked: Oct 11 at 8:07AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kathy Gallant
Investment Insights
Based on property information with market context.
Built in 1880, this mixed-use property combines a ground-floor commercial unit with two apartments. The business space has a kitchenette and central air. Residential accommodations include a two-bedroom, one-story apartment and a one-bedroom apartment on the second floor.
Key Highlights
- Three‑unit configuration with commercial and residential space
- Ground‑floor commercial unit includes a kitchenette and central air
- Two‑bedroom, one‑story apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,045
Cap Rate
5.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$420,900
$420.9K
Cap Rate 7%
$300,643
$300.6K
Cap Rate 9%
$233,833
$233.8K
Market Conditions
NOI Build-Up for 2,040 SF
Gross rent
$36.7K $18.00/SF
− Vacancy
−$3.0K −$1.49/SF
EGI
$33.7K $16.51/SF
− OpEx
−$12.6K −$6.19/SF
NOI
$21.0K $10.32/SF
Area
Kennebec County, ME
Vacancy
8.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$420,900
Cap Rate 7%
$300,643
Cap Rate 9%
$233,833
Alternative Uses
Best Use
Mixed Use
$300.6K
$263.1K – $350.8K
NOI $21,045 @ 7.0% cap · market cap 5.98%
Second Best
Apartment 5plus
$283.9K
$248.4K – $331.2K
NOI $19,873 @ 7.0% cap · market cap 5.65%
Theoretical Best
Warehouse
$3.04M
$2.66M – $3.55M
NOI $213,044 @ 7.0% cap · market cap 60.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,029
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A ground-floor business space with kitchenette and central air sits alongside two apartments on the upper levels.
Where is this mixed-use property located?
The property is located at 10 Amherst St Augusta, ME.
What is the asking price?
The asking price for this property is $352,000.
What are key features of this property?
This property features: Three‑unit configuration with commercial and residential space; Ground‑floor commercial unit includes a kitchenette and central air; Two‑bedroom, one‑story apartment
