For Sale
$339,900
139 Northern Avenue, Augusta, ME 04330
The two-family property has a history of owner occupancy and updates completed during that period.
Property Size2,498 SF
Price / SF$136.07
Days on Market8
Property Features for 139 Northern Avenue
General Information
Standard status
Active
Size
2,498 SF
Property subtype
Multi-family
Lease Term
[]
Additional Details
Multifamily Units
2
Building Details
Year Built
1856
Listed By:
Kim Bard
(207) 441-8058
Source:
Cbplourde
Added: Oct 8
Changed: Oct 13
Last Checked: Oct 15 at 12:08AM
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 Kim Bard
Investment Insights
Based on property information with market context.
This duplex contains 2,498 square feet and was built in 1856. The property was owner-occupied from 2006 through 2024, during which time the owners completed updates and renovations. Its two-family configuration and documented ownership history provide a clear picture of the property’s use.
Key Highlights
- 2,498‑square‑foot duplex
- Built in 1856
- Owner‑occupied from 2006 to 2024, with updates and renovations completed during that period
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,897
Cap Rate
8.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$557,940
$557.9K
Cap Rate 7%
$398,529
$398.5K
Cap Rate 9%
$309,967
$310.0K
Market Conditions
NOI Build-Up for 2,498 SF
Gross rent
$40.5K $16.20/SF
− Vacancy
−$615 −$0.25/SF
EGI
$39.9K $15.95/SF
− OpEx
−$12.0K −$4.79/SF
NOI
$27.9K $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%
$557,940
Cap Rate 7%
$398,529
Cap Rate 9%
$309,967
Alternative Uses
Best Use
Multifamily LT 5
$398.5K
$348.7K – $465.0K
NOI $27,897 @ 7.0% cap · market cap 8.21%
Second Best
Apartment 5plus
$347.6K
$304.2K – $405.6K
NOI $24,335 @ 7.0% cap · market cap 7.16%
Theoretical Best
Warehouse
$3.73M
$3.26M – $4.35M
NOI $260,874 @ 7.0% cap · market cap 76.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
186
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - The two-family property has a history of owner occupancy and updates completed during that period.
Where is this duplex located?
The property is located at 139 Northern Avenue Augusta, ME.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: 2,498‑square‑foot duplex; Built in 1856; Owner‑occupied from 2006 to 2024, with updates and renovations completed during that period
