Three-Unit Multifamily
10 Laurel Avenue, Auburn, ME 04210
For Sale
$429,900
Multi-Family, Auburn, ME
Property Size2,876 SF
Lot Size0.08 Acres
Price / SF$149.48
Days on Market50
Property Features for 10 Laurel Avenue
General Information
Property type
Property subtype
Zoning
Bathrooms
Full bathrooms
Rooms
Parking features
Patio and Porch features
Basement
Lot features
Standard status
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Water source
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Architectural style
Listing Agency:
EXP Realty
(888) 439-8743
Listed By:
Samantha Anderson
(207) 312-8281
Added: Sep 22
Changed: Nov 2
Last Checked: Nov 10 at 8:06PM
MLS# 1681632
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.
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Investment Insights
Based on property information with market context.
This 2,876-square-foot triplex contains three two-bedroom, one-bath units. Two apartments are leased, while the third is vacant and can accommodate an owner occupant or continued rental use. The 1920 building has wood-frame construction with vinyl siding, a shingle roof, vinyl and carpet flooring, zoned oil-fired hot-water baseboard heating, and a porch. Basement space and off-street parking are also included.
The property occupies 0.08 acres and is served by public water and public sewer. Professional management is currently in place through Simplified Management. Residential zoning is identified as res.
The property occupies 0.08 acres and is served by public water and public sewer. Professional management is currently in place through Simplified Management. Residential zoning is identified as res.
Key Highlights
- Three‑unit property with three 2‑bedroom, 1‑bath units
- 2,876 square feet on 0.08 acres
- Two units leased; third unit vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,366
Cap Rate
6.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$567,320
$567.3K
Cap Rate 7%
$405,229
$405.2K
Cap Rate 9%
$315,178
$315.2K
Market Conditions
NOI Build-Up for 2,876 SF
Gross rent
$41.1K $14.28/SF
− Vacancy
−$546 −$0.19/SF
EGI
$40.5K $14.09/SF
− OpEx
−$12.2K −$4.23/SF
NOI
$28.4K $9.86/SF
Area
Androscoggin County, ME
Vacancy
1.33%
Lease Rate
$14.28 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$567,320
Cap Rate 7%
$405,229
Cap Rate 9%
$315,178
Alternative Uses
Best Use
Multifamily LT 5
$405.2K
$354.6K – $472.8K
NOI $28,366 @ 7.0% cap · market cap 6.60%
Second Best
Apartment 5plus
$385.0K
$336.9K – $449.2K
NOI $26,951 @ 7.0% cap · market cap 6.27%
Theoretical Best
Office A
$894.5K
$782.7K – $1.04M
NOI $62,614 @ 7.0% cap · market cap 14.56%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,300
Businesses Nearby
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Business Placement
Demographics for 04210, ME
24,061
Population
11,113
Households
2.2
Avg Household Size
42
Median Age
29%
College-Educated
92%
High-School Grad
59.3 sq mi
ZIP Area
406
Density / Sq Mi
$66,552
Median Household Income
$42,624
Median Earnings
$983
Median Rent
$254,600
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Androscoggin County, ME
Properties on Market for Triplexes in Androscoggin County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Wood-frame residential property with two leased units and one vacant unit for flexible occupancy options.
Where is this triplex located?
The property is located at 10 Laurel Avenue Auburn, ME.
What is the asking price?
The asking price for this property is $429,900.
What are key features of this property?
This property features: Three‑unit property with three 2‑bedroom, 1‑bath units; 2,876 square feet on 0.08 acres; Two units leased; third unit vacant
