Renovated Duplex with
For Sale
$379,000
12 Middle St, Augusta, ME 04330
Vacant at closing, the property has an attached garage, overhead storage, and a full unfinished basement.
Property Size1,275 SF
Price / SF$297.25
Days on Market10
Property Features for 12 Middle St
General Information
Standard status
Active
Size
1,275 SF
Total Parking Spaces
1
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1900
Buildings
1
Listed By:
Pouliot Real Estate
(207) 248-6044
Source:
Pouliotrealestate
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 30 at 1:53PM
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 Pouliot Real Estate
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Investment Insights
Based on property information with market context.
This renovated duplex is offered vacant at closing. The property includes an attached one-car garage with storage space above it, along with a full unfinished basement. It was built in 1900.
At 12 Middle Street in Augusta, the property is within walking distance of Hannaford, CVS, and downtown Augusta.
At 12 Middle Street in Augusta, the property is within walking distance of Hannaford, CVS, and downtown Augusta.
Key Highlights
- Renovated duplex to convey vacant at closing
- Attached one‑car garage with storage above
- Full unfinished basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,239
Cap Rate
3.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$284,780
$284.8K
Cap Rate 7%
$203,414
$203.4K
Cap Rate 9%
$158,211
$158.2K
Market Conditions
NOI Build-Up for 1,275 SF
Gross rent
$20.7K $16.20/SF
− Vacancy
−$314 −$0.25/SF
EGI
$20.3K $15.95/SF
− OpEx
−$6.1K −$4.79/SF
NOI
$14.2K $11.17/SF
Area
Kennebec County, ME
Vacancy
1.52%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$284,780
Cap Rate 7%
$203,414
Cap Rate 9%
$158,211
Alternative Uses
Best Use
Multifamily LT 5
$203.4K
$178.0K – $237.3K
NOI $14,239 @ 7.0% cap · market cap 3.76%
Second Best
Apartment 5plus
$177.4K
$155.3K – $207.0K
NOI $12,421 @ 7.0% cap · market cap 3.28%
Theoretical Best
Warehouse
$1.90M
$1.66M – $2.22M
NOI $133,152 @ 7.0% cap · market cap 35.13%
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
1,123
Businesses Nearby
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Business Placement
Demographics for 04330, ME
26,322
Population
13,017
Households
2
Avg Household Size
44
Median Age
28%
College-Educated
95%
High-School Grad
116.9 sq mi
ZIP Area
225
Density / Sq Mi
$55,158
Median Household Income
$43,177
Median Earnings
$912
Median Rent
$197,600
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 - Vacant at closing, the property has an attached garage, overhead storage, and a full unfinished basement.
Where is this duplex located?
The property is located at 12 Middle St Augusta, ME.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: Renovated duplex to convey vacant at closing; Attached one‑car garage with storage above; Full unfinished basement
