Mixed-Use Property with Commercial
New
For Sale
$352,000
10 Amherst Street, Augusta, ME 04330
Multi-Family, Augusta, ME
Property Size2,040 SF
Lot Size0.19 Acres
Price / SF$172.55
Days on Market2
Property Features for 10 Amherst Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
C4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Patio and Porch features
Deck
Basement
Crawl Space, Unfinished, Partial
Lot features
Level, Intown, Near Shopping
Standard status
Active
Size
2,040 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4351
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Electric (Heating), Oil, Baseboard
Cooling system
Central Air
Water source
Public
Building Details
Year built
1880
Number of units
2
Flooring type
Vinyl, Carpet
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Listing Agency:
Lash Realty Group
(207) 832-7885
Listed By:
Scott Lash
(207) 832-1839
Added: Oct 5
Last Checked: Oct 6 at 8:06AM
MLS# 1683291
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.
The 2,040-square-foot property contains three units: a ground-floor commercial suite and two residential apartments. The commercial space has a kitchenette and central air. Residential accommodations include a two-bedroom apartment spanning one and a half stories and a one-bedroom unit on the second floor.
Built in 1880, the wood-frame building has vinyl siding and a shingle roof. The 0.19-acre property is zoned C4 and served by public water and public sewer.
Built in 1880, the wood-frame building has vinyl siding and a shingle roof. The 0.19-acre property is zoned C4 and served by public water and public sewer.
Key Highlights
- Three‑unit layout with one commercial suite and two apartments
- 2,040 square feet on a 0.19‑acre lot
- Ground‑floor commercial space includes a kitchenette and central air
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
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 suite with kitchenette and central air is paired with two apartments above.
Where is this mixed-use property located?
The property is located at 10 Amherst Street 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 layout with one commercial suite and two apartments; 2,040 square feet on a 0.19‑acre lot; Ground‑floor commercial space includes a kitchenette and central air
