Augusta Multifamily Portfolio
18 Crosby Street, Augusta, ME 04330
Three-building portfolio with 12 units in Augusta, Maine.
Type:Multi-Family
Property size:
3,424 SFPrice / SF:
$321/SF- Added:
- Feb 17, 2026
- Days on Market:
- 104
- Last Refresh:
- Mar 13 at 9:34 am
Property Features for 18 Crosby Street
General Information
- Standard status
- Active
- Size
- 3,424 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1800
Listing agent Anthony Donovan (207) 329-6732
Listing office Spectrum Real Estate (207) 329-6732
Listing date Feb 17, 2026
Source Compass
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 Spectrum Real Estate
HighLights
- Portfolio of 3 buildings with 12 total residential units offers immediate footprint in Augusta market.
- 9.5% Cap Rate based on financials as of February 1, 2026.
- 51 State Street and 18 Crosby Street are side‑by‑side, simplifying management and offering operational efficiencies.
- 84‑90 Mt. Vernon Avenue includes an adjacent lot, offering expansion, parking, or development potential.
- Portfolio sale allows for economies of scale and increased cash flow potential.
- 51 State Street includes a single‑car, extra‑long garage (roof needs replacement - value‑add opportunity).
Overview
This offering presents a portfolio investment opportunity consisting of three buildings located in Augusta, Maine. The portfolio includes a total of 12 residential units across the three properties. One of the buildings, located at 51 State Street, contains 3 units and features a single-car, extra-long garage, presenting a value-add opportunity due to the roof needing replacement. An adjacent building at 18 Crosby Street contains 4 units and is located side-by-side with 51 State Street, offering investors operational efficiencies and simplified management. The third building, located at 84-90 Mt. Vernon Avenue, comprises 5 units and includes an adjacent lot, which offers potential for expansion, additional parking, or future development. The combined properties provide economies of scale and increased cash flow potential. The property size is 3424 square feet. The financials as of February 1, 2026, reflect a 9.5% cap rate based on provided revenues and expenses. This portfolio is suited for investors looking to expand their holdings or enter the Augusta market.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Augusta
- County
- Kennebec
- State
- Maine
- Longitude
- -69.7743285
- Latitude
- 44.3180865
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Three-building portfolio with 12 units in Augusta, Maine.
Where is this apartment building located?
The property is located at 18 Crosby Street Augusta, ME.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Portfolio of 3 buildings with 12 total residential units offers immediate footprint in Augusta market.; **9.5% Cap Rate** based on financials as of February 1, 2026.; 51 State Street and 18 Crosby Street are side‑by‑side, simplifying management and offering operational efficiencies.
