Updated 2-Unit
For Sale
$399,900
1335 Turner St, Auburn, ME 04210
Both residences offer two bedrooms and two full bathrooms, with a documented rental history.
Property Size1,285 SF
Price / SF$311.21
Days on Market9
Property Features for 1335 Turner St
General Information
Standard status
Active
Size
1,285 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Building Details
Year Built
1933
Listed By:
Signature Homes Real Estate Group
(207) 885-0500
Source:
Signaturehomesmaine
Added: Oct 7
Changed: Oct 8
Last Checked: Oct 14 at 11:14PM
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 Signature Homes Real Estate Group
Investment Insights
Based on property information with market context.
This updated duplex at 1335 Turner St in Auburn contains two residences, each configured with two bedrooms and two full bathrooms. The property measures 1,285 square feet and dates to 1933.
The setting is on the outskirts of town, with local amenities nearby. A rental history adds income-use context to the two-unit configuration.
The setting is on the outskirts of town, with local amenities nearby. A rental history adds income-use context to the two-unit configuration.
Key Highlights
- Two residences, each with 2 bedrooms and 2 full bathrooms
- 1,285 square feet
- Built in 1933
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,674
Cap Rate
3.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$253,480
$253.5K
Cap Rate 7%
$181,057
$181.1K
Cap Rate 9%
$140,822
$140.8K
Market Conditions
NOI Build-Up for 1,285 SF
Gross rent
$18.3K $14.28/SF
− Vacancy
−$244 −$0.19/SF
EGI
$18.1K $14.09/SF
− OpEx
−$5.4K −$4.23/SF
NOI
$12.7K $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%
$253,480
Cap Rate 7%
$181,057
Cap Rate 9%
$140,822
Alternative Uses
Best Use
Multifamily LT 5
$181.1K
$158.4K – $211.2K
NOI $12,674 @ 7.0% cap · market cap 3.17%
Second Best
Apartment 5plus
$172.0K
$150.5K – $200.7K
NOI $12,042 @ 7.0% cap · market cap 3.01%
Theoretical Best
Warehouse
$2.28M
$2.00M – $2.66M
NOI $159,758 @ 7.0% cap · market cap 39.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
128
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
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer two bedrooms and two full bathrooms, with a documented rental history.
Where is this duplex located?
The property is located at 1335 Turner St Auburn, 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: Two residences, each with 2 bedrooms and 2 full bathrooms; 1,285 square feet; Built in 1933
