Four-Unit Residential Income
19 Cook Street Auburn, ME 04210
For Sale
$579,000
Four units each feature two bedrooms and shared basement laundry with dedicated washer/dryer hookups.
Property Size3,756 SF
Price / SF$154.15
Days on Market9
Property Features for 19 Cook Street
General Information
- Standard status
- Active
- Size
- 3,756 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1920
Listing Agency:
The Dot Fernald Team,Inc.
Listed By:
Erika Robert
(603) 866-2942
Source:
Profoundrealestate
Added: Jul 16
Changed: Jul 23
Last Checked: Jul 23 at 4:30AM
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 The Dot Fernald Team,Inc.
Investment Insights
Based on property information with market context.
This four-unit residential income property offers two-bedroom, one-bath layouts in each unit, along with a living room and kitchen. The property includes a basement with a washer/dryer for each unit plus a dedicated storage closet for each unit. Large glassed-in porches are provided for each floor, adding usable outdoor space.
Set on a corner lot at 19 Cook Street in Auburn, the home is positioned close to amenities. Parking and storage are supported by a 3-car attached garage, a paved driveway, and additional bonus storage room.
The building has been well cared for over the years with updates throughout, offering a practical option for both investors and owner occupants.
Set on a corner lot at 19 Cook Street in Auburn, the home is positioned close to amenities. Parking and storage are supported by a 3-car attached garage, a paved driveway, and additional bonus storage room.
The building has been well cared for over the years with updates throughout, offering a practical option for both investors and owner occupants.
Key Highlights
- 4‑unit property built in 1920 on a corner lot in Auburn
- Each unit has 2 bedrooms, 1 bathroom, a living room, and a kitchen
- Shared basement includes washer/dryer for each unit plus a dedicated storage closet for each unit
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $53.6k | $14.28 |
| − Vacancy | −$713 | −$0.19 |
| EGI | $52.9k | $14.09 |
| − OpEx | −$15.9k | −$4.23 |
| NOI | $37.0k | $9.86 |
3,756 SF · lease $14.28/SF/yr · vacancy 1.33% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$529.2K
$463.1K – $617.4K
NOI $37,046 @ 7.0% cap · market cap 6.40%
Second Best
Apartment 5plus
$502.8K
$440.0K – $586.6K
NOI $35,197 @ 7.0% cap · market cap 6.08%
Theoretical Best
Warehouse
$6.67M
$5.84M – $7.78M
NOI $466,966 @ 7.0% cap · market cap 80.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Four units each feature two bedrooms and shared basement laundry with dedicated washer/dryer hookups.
Where is this quadplex located?
The property is located at 19 Cook Street Auburn, ME.
What is the asking price?
The asking price for this property is $579,000.
What are key features of this property?
This property features: 4‑unit property built in 1920 on a corner lot in Auburn; Each unit has 2 bedrooms, 1 bathroom, a living room, and a kitchen; Shared basement includes washer/dryer for each unit plus a dedicated storage closet for each unit
