5-Unit Apartment
For Sale
$599,000
107 Broad Street, Auburn, ME 04210
Commercial Sale, Auburn, ME
Property Size3,165 SF
Lot Size0.12 Acres
Price / SF$189.26
Days on Market49
Property Features for 107 Broad Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
MFU
Rooms
Basement
Parking features
Off Street
Basement
Full, Unfinished
Standard status
Active
Size
3,165 SF
Lot size
0.12 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4182
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Forced Air, Oil
Water source
Public
Building Details
Year built
1927
Flooring type
Wood, Laminate
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Listing Agency:
EXP Realty
(888) 439-8743
Listed By:
Patrick Matheson
(207) 899-5691
Added: Sep 14
Changed: Oct 27
Last Checked: Nov 1 at 12:06PM
MLS# 1680547
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 5-unit apartment property contains 3,165 square feet on a 0.12-acre lot. Built in 1927, the building has a wood-frame structure with vinyl siding, shingle roofing, wood and laminate flooring, and basement space. The property is fully occupied and includes off-street parking.
Public water and public sewer serve the building. The property is identified under MFU zoning and is located at 107 Broad Street in Auburn, Maine, within Androscoggin County. Its existing apartment configuration provides a straightforward multifamily layout for an owner evaluating an occupied residential income property.
Public water and public sewer serve the building. The property is identified under MFU zoning and is located at 107 Broad Street in Auburn, Maine, within Androscoggin County. Its existing apartment configuration provides a straightforward multifamily layout for an owner evaluating an occupied residential income property.
Key Highlights
- 5‑unit apartment property with 3,165 square feet
- Fully occupied residential income property
- 0.12‑acre lot with off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,659
Cap Rate
4.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$593,180
$593.2K
Cap Rate 7%
$423,700
$423.7K
Cap Rate 9%
$329,544
$329.5K
Market Conditions
NOI Build-Up for 3,165 SF
Gross rent
$54.7K $17.28/SF
− Vacancy
−$766 −$0.24/SF
EGI
$53.9K $17.04/SF
− OpEx
−$24.3K −$7.67/SF
NOI
$29.7K $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%
$593,180
Cap Rate 7%
$423,700
Cap Rate 9%
$329,544
Alternative Uses
Best Use
Apartment 5plus
$423.7K
$370.7K – $494.3K
NOI $29,659 @ 7.0% cap · market cap 4.95%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$5.62M
$4.92M – $6.56M
NOI $393,489 @ 7.0% cap · market cap 65.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied multifamily property with public utilities, off-street parking, and a wood-frame construction profile.
Where is this apartment building located?
The property is located at 107 Broad Street Auburn, ME.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 5‑unit apartment property with 3,165 square feet; Fully occupied residential income property; 0.12‑acre lot with off‑street parking
