Three-Unit Residential
16 Temple Street, Auburn, ME 04210
For Sale
$399,000
The property combines three rental units with covered porches, an attached garage, and off-street parking.
Property Size2,758 SF
Price / SF$144.67
Days on Market69
Property Features for 16 Temple Street
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
covered porches
Building Details
Building Size
Year Built
Listing Agency:
Meservier & Associates
Listed By:
Matthew Tifft
(207) 713-6701
Source:
Hoangrealty
Added: Sep 2
Changed: Nov 8
Last Checked: Nov 9 at 2:06PM
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 Meservier & Associates
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Investment Insights
Based on property information with market context.
Built in 1878, this residential triplex contains three units within 2,758 square feet. Covered porches, an attached two-car garage, and additional off-street parking are part of the property.
The building is located near shopping, dining, and schools in Auburn, Maine.
The building is located near shopping, dining, and schools in Auburn, Maine.
Key Highlights
- Three‑unit residential property
- 2,758 square feet
- Built in 1878
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,202
Cap Rate
6.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$544,040
$544.0K
Cap Rate 7%
$388,600
$388.6K
Cap Rate 9%
$302,244
$302.2K
Market Conditions
NOI Build-Up for 2,758 SF
Gross rent
$39.4K $14.28/SF
− Vacancy
−$524 −$0.19/SF
EGI
$38.9K $14.09/SF
− OpEx
−$11.7K −$4.23/SF
NOI
$27.2K $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%
$544,040
Cap Rate 7%
$388,600
Cap Rate 9%
$302,244
Alternative Uses
Best Use
Multifamily LT 5
$388.6K
$340.0K – $453.4K
NOI $27,202 @ 7.0% cap · market cap 6.82%
Second Best
Apartment 5plus
$369.2K
$323.1K – $430.8K
NOI $25,845 @ 7.0% cap · market cap 6.48%
Theoretical Best
Office A
$857.8K
$750.6K – $1.00M
NOI $60,045 @ 7.0% cap · market cap 15.05%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
943
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
$254,600
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Androscoggin County, ME
Properties on Market for Triplexes in Androscoggin County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - The property combines three rental units with covered porches, an attached garage, and off-street parking.
Where is this triplex located?
The property is located at 16 Temple Street Auburn, ME.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Three‑unit residential property; 2,758 square feet; Built in 1878
