Duplex Home with Two
18 Abenaki Road Augusta, ME 04330
For Sale
$319,000
Pending
Two side-by-side units feature 2BRs, small den, in-wall AC, and private driveways with included appliances.
Property Size2,650 SF
Days on Market852
Property Features for 18 Abenaki Road
General Information
- Standard status
- Pending
- Size
- 2,650 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1974
Listing Agency:
OwnerEntry.com
(617) 542-9300
Listed By:
David White · License #REB.0792976
(617) 542-9300
Source:
Exitrealty
Added: Mar 25, 2024
Changed: Jul 21
Last Checked: Jul 24 at 6:24AM
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 OwnerEntry.com
Investment Insights
Based on property information with market context.
This duplex-style home is arranged with a center door and lobby, leading to two side-by-side units. Each unit includes two bedrooms and a small den, an eat-in kitchen with pantry, and a large living room with sliding glass doors to a deck. Units also offer 1 1/2 baths, lots of closets, in-wall A/C, and a full basement with washer/dryer hookups for storage. Appliances included for each unit are a refrigerator, stove, dishwasher, and garbage disposal.
The property is located at 18 Abenaki Road in Augusta’s Mayfair section, originally built as a community of 14 units on a quiet cul-de-sac, where each building presents like a private home with a center lobby. A dedicated driveway serves each unit and will accommodate two cars.
The duplex has two separate heating systems, and the tenant is responsible for water/sewer, heat, electric, and A/C. Lawn care and snow plowing are also the responsibility for your building.
The property is located at 18 Abenaki Road in Augusta’s Mayfair section, originally built as a community of 14 units on a quiet cul-de-sac, where each building presents like a private home with a center lobby. A dedicated driveway serves each unit and will accommodate two cars.
The duplex has two separate heating systems, and the tenant is responsible for water/sewer, heat, electric, and A/C. Lawn care and snow plowing are also the responsibility for your building.
Key Highlights
- Duplex built in 1974 in Augusta, ME, originally built as a community of 14 units on a quiet cul‑de‑sac
- Two side‑by‑side units, each with 2 bedrooms plus a small den, eat‑in kitchen with pantry, and a large living room
- Each unit includes in‑wall AC, 1 1/2 baths, lots of closets, and sliding glass doors to a deck
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.7k | $18.00 |
| − Vacancy | −$763 | −$0.29 |
| EGI | $46.9k | $17.71 |
| − OpEx | −$21.1k | −$7.97 |
| NOI | $25.8k | $9.74 |
2,650 SF · lease $18.00/SF/yr · vacancy 1.60% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$422.8K
$369.9K – $493.2K
NOI $29,594 @ 7.0% cap · market cap 9.28%
Second Best
Apartment 5plus
$368.8K
$322.7K – $430.3K
NOI $25,815 @ 7.0% cap · market cap 8.09%
Theoretical Best
Warehouse
$3.95M
$3.46M – $4.61M
NOI $276,748 @ 7.0% cap · market cap 86.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two side-by-side units feature 2BRs, small den, in-wall AC, and private driveways with included appliances.
Where is this duplex located?
The property is located at 18 Abenaki Road Augusta, ME.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: Duplex built in 1974 in Augusta, ME, originally built as a community of 14 units on a quiet cul‑de‑sac; Two side‑by‑side units, each with 2 bedrooms plus a small den, eat‑in kitchen with pantry, and a large living room; Each unit includes in‑wall AC, 1 1/2 baths, lots of closets, and sliding glass doors to a deck
