Three-Unit Triplex with Separate
For Sale
$415,000
19 Granite Street, Auburn, ME 04210
Three apartments offer in-unit laundry hookups and off-street parking in Auburn.
Property Size2,724 SF
Price / SF$152.35
Days on Market171
Property Features for 19 Granite Street
General Information
Standard status
Active
Size
2,724 SF
Property subtype
Multi Family Home
Zoning
T-4 2.B
Additional Details
Multifamily Units
3
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$3,812
Amenities
in-unit washer/dryer hookups
off-street parking
Building Details
Building Size
2,724 SF
Year Built
1883
Buildings
1
Stories
3
Units
3
Listing Agency:
Integrity Homes Real Estate Group, PC
Listed By:
Buffy Dumont
(207) 576-9755
Source:
Integrityhomesrealestategroup
Added: May 15
Changed: Oct 31
Last Checked: Oct 30 at 2:15PM
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 Integrity Homes Real Estate Group, PC
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Investment Insights
Based on property information with market context.
This 1883 triplex contains three apartments totaling 2,724 square feet. Each unit has its own heating system, hot water heater, and electrical panel, with tenants responsible for their individual utilities. Laundry hookups are provided within each apartment, and the property includes off-street parking.
The building is at 19 Granite Street in Auburn, Maine, near the Auburn Mall, downtown dining, and outdoor recreation. Zoning is T-4 2.B.
The building is at 19 Granite Street in Auburn, Maine, near the Auburn Mall, downtown dining, and outdoor recreation. Zoning is T-4 2.B.
Key Highlights
- Three apartments in a 2,724‑square‑foot triplex
- Built in 1883
- Separate heating systems, hot water heaters, and electrical panels for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,867
Cap Rate
6.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$537,340
$537.3K
Cap Rate 7%
$383,814
$383.8K
Cap Rate 9%
$298,522
$298.5K
Market Conditions
NOI Build-Up for 2,724 SF
Gross rent
$38.9K $14.28/SF
− Vacancy
−$517 −$0.19/SF
EGI
$38.4K $14.09/SF
− OpEx
−$11.5K −$4.23/SF
NOI
$26.9K $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%
$537,340
Cap Rate 7%
$383,814
Cap Rate 9%
$298,522
Alternative Uses
Best Use
Multifamily LT 5
$383.8K
$335.8K – $447.8K
NOI $26,867 @ 7.0% cap · market cap 6.47%
Second Best
Apartment 5plus
$364.7K
$319.1K – $425.4K
NOI $25,526 @ 7.0% cap · market cap 6.15%
Theoretical Best
Warehouse
$4.84M
$4.23M – $5.64M
NOI $338,662 @ 7.0% cap · market cap 81.61%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
350
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Triplex - Three apartments offer in-unit laundry hookups and off-street parking in Auburn.
Where is this triplex located?
The property is located at 19 Granite Street Auburn, ME.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Three apartments in a 2,724‑square‑foot triplex; Built in 1883; Separate heating systems, hot water heaters, and electrical panels for each unit
