Renovated 3-Unit
14 Kendall Street, Augusta, ME 04330
For Sale
$335,000
Three occupied apartments each have two bedrooms, with basement storage and open porches serving the units.
Property Size2,520 SF
Price / SF$132.94
Days on Market176
Property Features for 14 Kendall Street
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
open porch space
basement storage
laundry hookup
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Portside Real Estate Group
(207) 619-7571
Listed By:
Veronica Schneider
(207) 838-4034
Source:
Integrityhomesrealestategroup
Added: May 20
Changed: Nov 11
Last Checked: Nov 11 at 2:22AM
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 Portside Real Estate Group
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Investment Insights
Based on property information with market context.
This 1928 triplex contains three recently renovated apartments, each configured with two bedrooms. Interior details include wood flooring, and each unit has open porch space and basement storage. The first-floor apartment also has a laundry hookup.
Heating systems include on-demand hot water, and the boiler was updated in 2018. The building is fully occupied and zoned RC, with a location on Kendall Street in Augusta, Maine.
Heating systems include on-demand hot water, and the boiler was updated in 2018. The building is fully occupied and zoned RC, with a location on Kendall Street in Augusta, Maine.
Key Highlights
- Three renovated 2‑bedroom units; currently fully occupied
- Boiler updated in 2018; heating systems provide on‑demand hot water
- Open porch space and basement storage for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,142
Cap Rate
8.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$562,840
$562.8K
Cap Rate 7%
$402,029
$402.0K
Cap Rate 9%
$312,689
$312.7K
Market Conditions
NOI Build-Up for 2,520 SF
Gross rent
$40.8K $16.20/SF
− Vacancy
−$621 −$0.25/SF
EGI
$40.2K $15.95/SF
− OpEx
−$12.1K −$4.79/SF
NOI
$28.1K $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%
$562,840
Cap Rate 7%
$402,029
Cap Rate 9%
$312,689
Alternative Uses
Best Use
Multifamily LT 5
$402.0K
$351.8K – $469.0K
NOI $28,142 @ 7.0% cap · market cap 8.40%
Second Best
Apartment 5plus
$350.7K
$306.9K – $409.2K
NOI $24,549 @ 7.0% cap · market cap 7.33%
Theoretical Best
Office A
$716.2K
$626.7K – $835.6K
NOI $50,136 @ 7.0% cap · market cap 14.97%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
400
Businesses Nearby
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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
$197,600
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Kennebec County, ME
Properties on Market for Triplexes in Kennebec County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three occupied apartments each have two bedrooms, with basement storage and open porches serving the units.
Where is this triplex located?
The property is located at 14 Kendall Street Augusta, ME.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Three renovated 2‑bedroom units; currently fully occupied; Boiler updated in 2018; heating systems provide on‑demand hot water; Open porch space and basement storage for each unit
