Duplex with Covered
New
For Sale
$339,900
139 Northern Avenue, Augusta, ME 04330
Multi-Family, Augusta, ME
Property Size2,498 SF
Lot Size0.12 Acres
Price / SF$136.07
Days on Market3
Property Features for 139 Northern Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bathroom 1, Bathroom 2
Patio and Porch features
Porch
Basement
Unfinished, Full
Lot features
Sidewalks, Intown, Near Shopping, Near Turnpike/ Interstate, Near Town, Neighborhood
Standard status
Active
Size
2,498 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2027
Tax Annual Amount
3798
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Oil, Hot Water(Heating), Heat Pump (Heating)
Cooling system
Heat Pump
Water source
Public
Building Details
Year built
1856
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Carpet, Vinyl
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
Coldwell Banker Plourde Real Estate · Coldwell Banker Real Estate
(207) 872-7650
Listed By:
Kimberly Bard · License #BA926736
(207) 441-8058
Added: Oct 9
Last Checked: Oct 11 at 4:06AM
MLS# 1683804
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 duplex contains 2,498 square feet across two residential units. The 1856-built wood-frame structure has vinyl siding, a shingle roof, and a porch. Interior flooring includes hardwood, carpet, and vinyl. Heating includes baseboard, oil, hot water, and heat pump systems; cooling is provided by a heat pump.
The property is located at 139 Northern Avenue in Augusta. Public water and public sewer serve the site, which is zoned Residential.
The property is located at 139 Northern Avenue in Augusta. Public water and public sewer serve the site, which is zoned Residential.
Key Highlights
- Two‑unit duplex with 2,498 square feet of building area
- 0.12‑acre parcel at 139 Northern Avenue in Augusta
- Built in 1856 with wood‑frame construction and vinyl siding
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.
Property Analytics
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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
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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 - The residential property includes two units on a 0.12-acre parcel in Augusta.
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: Two‑unit duplex with 2,498 square feet of building area; 0.12‑acre parcel at 139 Northern Avenue in Augusta; Built in 1856 with wood‑frame construction and vinyl siding
