Four-Unit Quadplex with Unit
For Sale
$399,900
12 Weston Street, Augusta, ME 04330
Multi-Family, Augusta, ME
Property Size3,315 SF
Lot Size0.11 Acres
Price / SF$120.63
Days on Market62
Property Features for 12 Weston Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RES Apartment
Bathrooms
4
Full bathrooms
4
Rooms
Basement, Bathroom 2, Bathroom 4, Bathroom 1, Bathroom 3
Patio and Porch features
Porch
Pets allowed
No
Interior features
1st Floor Bedroom
Basement
Unfinished, Full
Lot features
Other Site, Level, Intown, Near Shopping, Near Turnpike/ Interstate, Near Town
Standard status
Active
Size
3,315 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3387
Utilities
Sewer type
Public Sewer
Heating system
Propane (Heating), Forced Air
Water source
Public
Building Details
Year built
1900
Number of units
4
Flooring type
Hardwood, Linoleum, Carpet
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
Rizzo Mattson
(207) 622-9000
Listed By:
Cameron Rizzo
(207) 446-6884
Added: Jun 30
Changed: Aug 19
Last Checked: Aug 30 at 11:06PM
MLS# 1669175
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.
Investment Insights
Based on property information with market context.
This four-unit residential property contains two 2-bedroom units and two 1-bedroom units within 3,315 square feet. Built in 1900, the building has wood-frame construction with vinyl siding, a shingle roof, hardwood, linoleum, and carpet flooring, plus a first-floor bedroom. A basement, four bathrooms, forced-air heating, and propane service are also included.
The property occupies 0.11 acres at 12 Weston Street in Augusta, Maine. Public water and public sewer serve the building, and the exterior includes a porch. Its RES Apartment zoning supports the property’s multifamily configuration.
The property occupies 0.11 acres at 12 Weston Street in Augusta, Maine. Public water and public sewer serve the building, and the exterior includes a porch. Its RES Apartment zoning supports the property’s multifamily configuration.
Key Highlights
- Four‑unit property with two 2‑bedroom units and two 1‑bedroom units
- 3,315 square feet on a 0.11‑acre lot
- RES Apartment zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,293
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$645,860
$645.9K
Cap Rate 7%
$461,329
$461.3K
Cap Rate 9%
$358,811
$358.8K
Market Conditions
NOI Build-Up for 3,315 SF
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.
Gross rent
$59.7K $18.00/SF
− Vacancy
−$955 −$0.29/SF
EGI
$58.7K $17.71/SF
− OpEx
−$26.4K −$7.97/SF
NOI
$32.3K $9.74/SF
Area
Kennebec County, ME
Vacancy
1.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$645,860
Cap Rate 7%
$461,329
Cap Rate 9%
$358,811
Alternative Uses
Best Use
Multifamily LT 5
$528.9K
$462.8K – $617.0K
NOI $37,021 @ 7.0% cap · market cap 9.26%
Second Best
Apartment 5plus
$461.3K
$403.7K – $538.2K
NOI $32,293 @ 7.0% cap · market cap 8.08%
Theoretical Best
Warehouse
$4.95M
$4.33M – $5.77M
NOI $346,196 @ 7.0% cap · market cap 86.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,228
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Updated four-unit residential property with varied layouts, public utilities, and a porch.
Where is this quadplex located?
The property is located at 12 Weston Street Augusta, ME.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Four‑unit property with two 2‑bedroom units and two 1‑bedroom units; 3,315 square feet on a 0.11‑acre lot; RES Apartment zoning
