Five-Unit Apartment
For Sale
$625,000
107 Broad St, Auburn, ME 04210
Fully occupied multifamily property with well-maintained units and a natural gas on-demand boiler.
Property Size3,156 SF
Price / SF$198.04
Days on Market27
Property Features for 107 Broad St
General Information
Standard status
Active
Size
3,156 SF
Property subtype
Residential Income
Occupancy
100%
Additional Details
Highway Access
Yes
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$4,182
Listing Agency:
EXP Realty
(888) 439-8743
Listed By:
Patrick Matheson
(207) 899-5691
Source:
Exprealty
Added: Sep 10
Changed: Sep 22
Last Checked: Oct 6 at 12:12AM
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 EXP Realty
Investment Insights
Based on property information with market context.
This five-unit apartment property at 107 Broad Street includes well-maintained units and a natural gas on-demand boiler. Built in 1927, the building is fully occupied and measures 3,156 square feet.
The property is located in Auburn, Maine, with access to the highway, downtown Auburn, and local amenities. Its existing occupancy and established unit configuration provide a clear operating profile for a multifamily owner.
The property is located in Auburn, Maine, with access to the highway, downtown Auburn, and local amenities. Its existing occupancy and established unit configuration provide a clear operating profile for a multifamily owner.
Key Highlights
- Five‑unit apartment property
- Fully occupied
- 3,156 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,575
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$591,500
$591.5K
Cap Rate 7%
$422,500
$422.5K
Cap Rate 9%
$328,611
$328.6K
Market Conditions
NOI Build-Up for 3,156 SF
Gross rent
$54.5K $17.28/SF
− Vacancy
−$763 −$0.24/SF
EGI
$53.8K $17.04/SF
− OpEx
−$24.2K −$7.67/SF
NOI
$29.6K $9.37/SF
Area
Androscoggin County, ME
Vacancy
1.40%
Lease Rate
$17.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$591,500
Cap Rate 7%
$422,500
Cap Rate 9%
$328,611
Alternative Uses
Best Use
Apartment 5plus
$422.5K
$369.7K – $492.9K
NOI $29,575 @ 7.0% cap · market cap 4.73%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$5.61M
$4.90M – $6.54M
NOI $392,370 @ 7.0% cap · market cap 62.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
5
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
456
Businesses Nearby
Explore this area
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
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?
Apartment building - Fully occupied multifamily property with well-maintained units and a natural gas on-demand boiler.
Where is this apartment building located?
The property is located at 107 Broad St Auburn, ME.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Five‑unit apartment property; Fully occupied; 3,156 square feet
