7-Unit Apartment
17 Autumn Street, Gardiner, ME 04345
For Sale
$600,000
All residences are occupied, with off-street parking and a mix of one-, two-, and three-bedroom layouts.
Property Size4,564 SF
Price / SF$131.46
Days on Market181
Property Features for 17 Autumn Street
General Information
Standard status
Size
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
J T Leahy Real Estate
Listed By:
Jonathan Leahy
(207) 939-8366
Source:
Hoangrealty
Added: May 13
Changed: Nov 8
Last Checked: Nov 8 at 9:18PM
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 J T Leahy Real Estate
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Investment Insights
Based on property information with market context.
This 4,564-square-foot apartment property in Gardiner contains seven residences: five one-bedroom units, one two-bedroom unit, and one three-bedroom unit. Built in 1900, the building is fully occupied and includes off-street parking. Its reported cap rate is nearly 10%, with the unit mix and current occupancy providing a clear profile of the existing operation.
The property is located at 17 Autumn Street in downtown Gardiner, Maine. The combination of multiple unit sizes and on-site off-street parking forms the core of the offering.
The property is located at 17 Autumn Street in downtown Gardiner, Maine. The combination of multiple unit sizes and on-site off-street parking forms the core of the offering.
Key Highlights
- Seven apartments: five one‑bedroom, one two‑bedroom, and one three‑bedroom unit
- 4,564 square feet
- Built in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,461
Cap Rate
7.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$889,220
$889.2K
Cap Rate 7%
$635,157
$635.2K
Cap Rate 9%
$494,011
$494.0K
Market Conditions
NOI Build-Up for 4,564 SF
Gross rent
$82.2K $18.00/SF
− Vacancy
−$1.3K −$0.29/SF
EGI
$80.8K $17.71/SF
− OpEx
−$36.4K −$7.97/SF
NOI
$44.5K $9.74/SF
Area
Kennebec County, ME
Vacancy
1.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$889,220
Cap Rate 7%
$635,157
Cap Rate 9%
$494,011
Alternative Uses
Best Use
Apartment 5plus
$635.2K
$555.8K – $741.0K
NOI $44,461 @ 7.0% cap · market cap 7.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.30M
$1.14M – $1.51M
NOI $90,801 @ 7.0% cap · market cap 15.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
7
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
407
Businesses Nearby
Explore this area
Business Placement
Demographics for 04345, ME
12,052
Population
5,562
Households
2.2
Avg Household Size
43
Median Age
29%
College-Educated
97%
High-School Grad
71.7 sq mi
ZIP Area
168
Density / Sq Mi
$68,844
Median Household Income
$42,559
Median Earnings
$956
Median Rent
$208,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - All residences are occupied, with off-street parking and a mix of one-, two-, and three-bedroom layouts.
Where is this apartment building located?
The property is located at 17 Autumn Street Gardiner, ME.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Seven apartments: five one‑bedroom, one two‑bedroom, and one three‑bedroom unit; 4,564 square feet; Built in 1900
