4-Unit
New
For Sale
$495,000
167 Summer Street, Auburn, ME 04210
Multi-Family, Auburn, ME
Property Size3,266 SF
Lot Size0.25 Acres
Price / SF$151.56
Days on Market5
Property Features for 167 Summer Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Rural Residential
Bathrooms
5
Full bathrooms
5
Rooms
Basement, Bathroom 4, Bathroom 3, Bathroom 2, Bathroom 1, Bathroom 5
Parking features
Off Street
Patio and Porch features
Porch, Deck
Interior features
Storage
Basement
Full, Unfinished, Dirt Floor
Lot features
Level, Sidewalks, Near Golf Course, Near Shopping, Near Turnpike/ Interstate, Neighborhood
Standard status
Active
Size
3,266 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
5189
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public
Amenities
coin-op washer and dryer
private washer/dryer hookups
off-street parking
attached barn/garage
Building Details
Year built
1920
Floors in Building
3
Number of units
4
Flooring type
Laminate, Carpet, Wood, Tile
Building materials
Wood Frame, Shingle Siding
Roof type
Shingle
Architectural style
Other
Additional Structures
Storage
Listing Agency:
Maine Source Realty
(207) 333-6001
Listed By:
Brandon Caruso
(610) 883-3465
Added: Oct 2
Last Checked: Oct 6 at 5:06AM
MLS# 1682968
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 four-unit property at 167 Summer Street contains 3,266 square feet on a 0.25-acre parcel. Built in 1920, the building has wood-frame construction with shingle siding and is zoned Rural Residential. Each apartment has its own electric meter and hot-water tank; the tanks were recently replaced. A coin-operated washer and dryer serve most of the property, while the fourth apartment has private laundry hookups.
An attached barn and garage provide additional storage and workshop space. Two driveways lead to separate off-street parking areas. The property is fully occupied, and the apartments are served by public water and public sewer.
An attached barn and garage provide additional storage and workshop space. Two driveways lead to separate off-street parking areas. The property is fully occupied, and the apartments are served by public water and public sewer.
Key Highlights
- Four apartments; all are occupied
- 3,266 square feet on a 0.25‑acre parcel
- Each apartment has an individual electric meter and hot‑water tank; tanks were recently replaced
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,213
Cap Rate
6.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$644,260
$644.3K
Cap Rate 7%
$460,186
$460.2K
Cap Rate 9%
$357,922
$357.9K
Market Conditions
NOI Build-Up for 3,266 SF
Gross rent
$46.6K $14.28/SF
− Vacancy
−$620 −$0.19/SF
EGI
$46.0K $14.09/SF
− OpEx
−$13.8K −$4.23/SF
NOI
$32.2K $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%
$644,260
Cap Rate 7%
$460,186
Cap Rate 9%
$357,922
Alternative Uses
Best Use
Multifamily LT 5
$460.2K
$402.7K – $536.9K
NOI $32,213 @ 7.0% cap · market cap 6.51%
Second Best
Apartment 5plus
$437.2K
$382.6K – $510.1K
NOI $30,606 @ 7.0% cap · market cap 6.18%
Theoretical Best
Warehouse
$5.80M
$5.08M – $6.77M
NOI $406,046 @ 7.0% cap · market cap 82.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
784
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
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four occupied apartments feature separate electric meters and individual hot-water tanks.
Where is this quadplex located?
The property is located at 167 Summer Street Auburn, ME.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Four apartments; all are occupied; 3,266 square feet on a 0.25‑acre parcel; Each apartment has an individual electric meter and hot‑water tank; tanks were recently replaced
