10 Pearl Street, Auburn, ME 04210
MULTI_FAMILY - Auburn, ME
- Added:
- Jul 6, 2026
- Days on Market:
- 2
- Last Refresh:
- Jul 7 at 7:06 am
Property Features for 10 Pearl Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Urban
- Bathrooms
- 3
- Rooms
- Bathroom 2, Basement, Bathroom 1, Bathroom 3
- Basement
- Full, Unfinished
- Standard status
- Active
- Size
- 2,714 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5365
Utilities
- Sewer type
- Public Sewer
- Heating system
- Hot Water(Heating), Baseboard, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1920
- Number of units
- 3
- Building materials
- Wood Frame, Vinyl Siding
- Roof type
- Shingle
Listing agent Susan Carl (207) 520-8024
Listing office EXP Realty 41 Hutchins Drive Building 3, Rangeley, ME (888) 439-8743
Listing date Jul 6, 2026
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.
HighLights
- Fully occupied 3‑unit investment property generating $43,776 in annual gross rental income
- Year built 1920 with wood‑frame construction and vinyl siding
- Natural gas heating with hot water heat and baseboard heat; regularly serviced furnace
- Brand‑new hot water heater; roof is shingle
- Public water and public sewer connections
Overview
Located in Auburn, Maine, the property is positioned within a desirable rental market. The public remarks cite strong tenant demand associated with a growing population of young professionals, along with proximity to two major colleges and a regional hospital. Additional nearby lifestyle and convenience factors referenced include shopping, dining, and outdoor recreation opportunities such as Lake Auburn and nearby hiking trails.
For investors or owner-occupants looking to acquire a multi-family asset, this three-unit setup can fit strategies ranging from portfolio expansion to “house hacking,” depending on how the units are used. The stated occupancy and month-to-month tenancy provide continuity, while the described mechanical items (serviced furnace and new hot water heater) are practical considerations for ongoing operations. The property is listed for sale as a residential income opportunity at 10 Pearl Street in Auburn.
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 | $38.8k | $14.28 |
| − Vacancy | −$515 | −$0.19 |
| EGI | $38.2k | $14.09 |
| − OpEx | −$11.5k | −$4.23 |
| NOI | $26.8k | $9.86 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Auburn
- County
- Androscoggin
- State
- Maine
- Longitude
- -70.23154
- Latitude
- 44.099706
