Three-Unit Property with Unit
For Sale
$350,000
18 Franklin Street, Augusta, ME 04330
Multi-Family, Augusta, ME
Property Size2,452 SF
Lot Size0.11 Acres
Price / SF$142.74
Days on Market28
Property Features for 18 Franklin Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RC
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 2, Bathroom 3, Basement
Parking features
Off Street
Patio and Porch features
Deck, Porch
Pets allowed
No
Interior features
1st Floor Bedroom, Bathtub
Basement
Unfinished
Lot features
Level, Intown, Near Shopping, Neighborhood
Standard status
Active
Size
2,452 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
4577
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Zoned, Baseboard, Oil
Water source
Public
Building Details
Year built
1880
Floors in Building
2
Number of units
3
Flooring type
Wood, Carpet, Vinyl
Building materials
Wood Frame, Vinyl Siding
Roof type
Metal
Listing Agency:
Keller Williams Realty
(207) 879-9800
Listed By:
Francois Rodrigue
(207) 873-9013
Added: Sep 9
Changed: Sep 12
Last Checked: Oct 6 at 3:06AM
MLS# 1679867
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 1880 three-unit property contains 2,452 square feet on a 0.11-acre lot. The unit mix includes two two-bedroom apartments and one one-bedroom apartment; the one-bedroom layout may be converted to two bedrooms with town approval. Interior finishes include vinyl, wood, and carpet flooring, while heating is provided by zoned oil-fired hot-water baseboard systems.
Located at 18 Franklin Street in Augusta, Maine, the property has public water and public sewer service. Exterior features include vinyl siding, a metal roof, a deck, a porch, and off-street parking. The property is zoned RC and includes a basement, three bathrooms, a first-floor bedroom, and a bathtub.
Located at 18 Franklin Street in Augusta, Maine, the property has public water and public sewer service. Exterior features include vinyl siding, a metal roof, a deck, a porch, and off-street parking. The property is zoned RC and includes a basement, three bathrooms, a first-floor bedroom, and a bathtub.
Key Highlights
- Three‑unit property with two 2‑bedroom units and one 1‑bedroom unit
- 2,452 square feet on a 0.11‑acre lot
- One‑bedroom unit may be converted to a 2‑bedroom unit with town approval
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,383
Cap Rate
7.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$547,660
$547.7K
Cap Rate 7%
$391,186
$391.2K
Cap Rate 9%
$304,256
$304.3K
Market Conditions
NOI Build-Up for 2,452 SF
Gross rent
$39.7K $16.20/SF
− Vacancy
−$604 −$0.25/SF
EGI
$39.1K $15.95/SF
− OpEx
−$11.7K −$4.79/SF
NOI
$27.4K $11.17/SF
Area
Kennebec County, ME
Vacancy
1.52%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$547,660
Cap Rate 7%
$391,186
Cap Rate 9%
$304,256
Alternative Uses
Best Use
Multifamily LT 5
$391.2K
$342.3K – $456.4K
NOI $27,383 @ 7.0% cap · market cap 7.82%
Second Best
Apartment 5plus
$341.2K
$298.6K – $398.1K
NOI $23,886 @ 7.0% cap · market cap 6.82%
Theoretical Best
Warehouse
$3.66M
$3.20M – $4.27M
NOI $256,070 @ 7.0% cap · market cap 73.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
253
Businesses Nearby
Explore this area
Business Placement
Demographics for 04330, ME
26,322
Population
13,017
Households
2
Avg Household Size
44
Median Age
28%
College-Educated
95%
High-School Grad
116.9 sq mi
ZIP Area
225
Density / Sq Mi
$55,158
Median Household Income
$43,177
Median Earnings
$912
Median Rent
$197,600
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?
Triplex - Wood-frame multifamily property with public utilities, off-street parking, and outdoor deck and porch areas.
Where is this triplex located?
The property is located at 18 Franklin Street Augusta, ME.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Three‑unit property with two 2‑bedroom units and one 1‑bedroom unit; 2,452 square feet on a 0.11‑acre lot; One‑bedroom unit may be converted to a 2‑bedroom unit with town approval
