Renovated
For Sale
$400,000
148 Broad St, Auburn, ME 04210
Two driveways and a detached garage provide off-street parking on a corner lot.
Property Size1,872 SF
Price / SF$213.68
Days on Market9
Property Features for 148 Broad St
General Information
Standard status
Active
Size
1,872 SF
Property subtype
Multi-Family
Building Details
Year Built
1948
Listed By:
Signature Homes Real Estate Group
(207) 885-0500
Source:
Signaturehomesmaine
Added: Sep 28
Changed: Oct 4
Last Checked: Oct 5 at 7:03PM
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 1,872-square-foot duplex contains two units and was built in 1948. Recent work includes a new boiler, electrical and plumbing updates, new flooring, renovated kitchens with new cabinetry and countertops, and new decks. The property also includes a detached garage and two driveways.
Set on a corner lot in Auburn, the property offers outdoor space along with off-street parking. The improvements span mechanical systems, kitchens, and interior finishes across the two-unit property.
Set on a corner lot in Auburn, the property offers outdoor space along with off-street parking. The improvements span mechanical systems, kitchens, and interior finishes across the two-unit property.
Key Highlights
- Two‑unit duplex with 1,872 square feet
- Corner lot with two driveways
- Detached garage and off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,464
Cap Rate
4.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$369,280
$369.3K
Cap Rate 7%
$263,771
$263.8K
Cap Rate 9%
$205,156
$205.2K
Market Conditions
NOI Build-Up for 1,872 SF
Gross rent
$26.7K $14.28/SF
− Vacancy
−$356 −$0.19/SF
EGI
$26.4K $14.09/SF
− OpEx
−$7.9K −$4.23/SF
NOI
$18.5K $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%
$369,280
Cap Rate 7%
$263,771
Cap Rate 9%
$205,156
Alternative Uses
Best Use
Multifamily LT 5
$263.8K
$230.8K – $307.7K
NOI $18,464 @ 7.0% cap · market cap 4.62%
Second Best
Apartment 5plus
$250.6K
$219.3K – $292.4K
NOI $17,542 @ 7.0% cap · market cap 4.39%
Theoretical Best
Warehouse
$3.32M
$2.91M – $3.88M
NOI $232,737 @ 7.0% cap · market cap 58.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
276
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
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 - Two driveways and a detached garage provide off-street parking on a corner lot.
Where is this duplex located?
The property is located at 148 Broad St Auburn, ME.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,872 square feet; Corner lot with two driveways; Detached garage and off‑street parking
