Duplex with Third-Floor Living
For Sale
$369,900
115 Winter Street, Auburn, ME 04210
Two three-bedroom units are complemented by additional finished space on the upper level.
Property Size2,253 SF
Price / SF$164.18
Days on Market208
Property Features for 115 Winter Street
General Information
Standard status
Active
Size
2,253 SF
Property subtype
Multi Family Home
Zoning
MFU
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,770
Amenities
solar panels
Building Details
Building Size
2,253 SF
Year Built
1920
Units
2
Listing Agency:
Integrity Homes Real Estate Group, PC
Listed By:
Buffy Dumont
(207) 576-9755
Source:
Integrityhomesrealestategroup
Added: Apr 8
Changed: Oct 31
Last Checked: Oct 31 at 3:13AM
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 Integrity Homes Real Estate Group, PC
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Investment Insights
Based on property information with market context.
This 1920 duplex contains two units, each with three bedrooms and one full bathroom. The third floor is finished and currently used as living space, with two additional bedrooms and other finished area. The building totals 2,253 square feet and is zoned MFU.
Solar panels were installed approximately two years ago. The added upper-level space may offer flexibility for the existing layout, subject to verification of applicable requirements.
Solar panels were installed approximately two years ago. The added upper-level space may offer flexibility for the existing layout, subject to verification of applicable requirements.
Key Highlights
- Two units, each with 3 bedrooms and 1 full bath
- 2,253 square feet; built in 1920
- Third‑floor living area includes 2 additional bedrooms and finished space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,221
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$444,420
$444.4K
Cap Rate 7%
$317,443
$317.4K
Cap Rate 9%
$246,900
$246.9K
Market Conditions
NOI Build-Up for 2,253 SF
Gross rent
$32.2K $14.28/SF
− Vacancy
−$428 −$0.19/SF
EGI
$31.7K $14.09/SF
− OpEx
−$9.5K −$4.23/SF
NOI
$22.2K $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%
$444,420
Cap Rate 7%
$317,443
Cap Rate 9%
$246,900
Alternative Uses
Best Use
Multifamily LT 5
$317.4K
$277.8K – $370.4K
NOI $22,221 @ 7.0% cap · market cap 6.01%
Second Best
Apartment 5plus
$301.6K
$263.9K – $351.9K
NOI $21,113 @ 7.0% cap · market cap 5.71%
Theoretical Best
Warehouse
$4.00M
$3.50M – $4.67M
NOI $280,105 @ 7.0% cap · market cap 75.72%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
784
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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom units are complemented by additional finished space on the upper level.
Where is this duplex located?
The property is located at 115 Winter Street Auburn, ME.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 1 full bath; 2,253 square feet; built in 1920; Third‑floor living area includes 2 additional bedrooms and finished space
