Two-Building 9-Unit Apartment
For Sale
$1,050,000
15-17 Pleasant Street, Auburn, ME 04210
MULTI_FAMILY - Auburn, ME
Property Size5,596 SF
Lot Size0.17 Acres
Price / SF$187.63
Days on Market18
Property Features for 15-17 Pleasant Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Bathrooms
9
Full bathrooms
9
Rooms
Basement, Bathroom 3, Bathroom 4, Bathroom 5, Bathroom 6, Bathroom 1, Bathroom 2, Bathroom 9, Bathroom 7, Bathroom 8
Parking features
On Street
Pets allowed
No
Basement
Full, Unfinished, Walk-Out Access
Lot features
Rolling/ Sloping, Level, Sidewalks, Intown, Near Turnpike/ Interstate
Standard status
Active
Size
5,596 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
10349
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Hot Water(Heating), Natural Gas, Baseboard
Water source
Public
Building Details
Year built
1938
Number of units
9
Flooring type
Linoleum, Wood, Vinyl, Carpet
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Listing Agency:
EXP Realty
(888) 439-8743
Listed By:
Garret Getch
(207) 841-9433
Added: Jul 14
Changed: Jul 30
Last Checked: Jul 31 at 3:06AM
MLS# 1659802
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 9-unit apartment property consists of two adjacent buildings. The community includes on-site coin-operated laundry. Four of the units have been recently refreshed and are ready for occupancy.
The buildings are located behind the courthouse in Auburn, Maine, within a walkable area with convenient access to local shops, dining, and everyday amenities.
With multiple units already refreshed, the property provides a straightforward multi-unit configuration for either continued investment or owner-occupied use to help offset housing expenses.
The buildings are located behind the courthouse in Auburn, Maine, within a walkable area with convenient access to local shops, dining, and everyday amenities.
With multiple units already refreshed, the property provides a straightforward multi-unit configuration for either continued investment or owner-occupied use to help offset housing expenses.
Key Highlights
- 9‑unit multi‑family opportunity with two adjacent buildings in Auburn, just behind the courthouse
- On‑site coin‑operated laundry for added tenant convenience and potential income
- Four units have been recently refreshed and are ready for occupancy
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $96.7k | $17.28 |
| − Vacancy | −$1.4k | −$0.24 |
| EGI | $95.3k | $17.04 |
| − OpEx | −$42.9k | −$7.67 |
| NOI | $52.4k | $9.37 |
5,596 SF · lease $17.28/SF/yr · vacancy 1.40% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$749.1K
$655.5K – $874.0K
NOI $52,440 @ 7.0% cap · market cap 4.99%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$9.94M
$8.70M – $11.60M
NOI $695,724 @ 7.0% cap · market cap 66.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
9
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
910
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Nine-unit, two-adjacent apartment property with on-site coin-operated laundry and four recently refreshed units.
Where is this apartment building located?
The property is located at 15-17 Pleasant Street Auburn, ME.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 9‑unit multi‑family opportunity with two adjacent buildings in Auburn, just behind the courthouse; On‑site coin‑operated laundry for added tenant convenience and potential income; Four units have been recently refreshed and are ready for occupancy
