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    Three-Unit Residential Income Building Title is generated by Realmo AI

    19 Granite Street, Auburn, ME 04210

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    Claim this Listing
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    For Sale
    $415,000

    MULTI_FAMILY - Other - Auburn, ME

    Property size:
    2,724 SF
    Lot size:
    0.10 Acres
    Price / SF:
    $152/SF
    Added:
    Jun 13, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 14 at 12:06 am

    Property Features for 19 Granite Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    T-4 2.B
    Bathrooms
    3
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Basement
    Pets allowed
    No
    Interior features
    Bathtub, Shower
    Basement
    Unfinished, Full
    Standard status
    Active
    Size
    2,724 SF
    Lot size
    0.10 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    3812

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air, Electric (Heating), Baseboard
    Water source
    Public

    Building Details

    Year built
    1883
    Floors in Building
    3
    Number of units
    3
    Flooring type
    Wood, Laminate
    Building materials
    Wood Frame, Aluminum Siding
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Linda Dupuis

    Listing agent Linda Dupuis

    Listing office Maine Source Realty 368 Minot Avenue, Poland, ME

    Listing date Jun 13, 2026

    MLS# 1662299 Listing URL

    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.

    HighLights

    • 3‑unit building built in 1883 with Wood Frame and Aluminum Siding exterior
    • Each unit has separate heating system, hot water heater, and electrical panel
    • Tenants pay their own utilities
    • Public water and public sewer; roof is shingle
    • Interior features include tubs and showers; wood and laminate flooring
    • Basement included; rooms listed: 3 bathrooms and basement

    Overview

    This three-unit residential income building is described as meticulously maintained and in very good condition. Each unit has its own heating system, hot water heater, and electrical panel, with tenants responsible for their own utilities. The apartments are presented as having bright layouts with modern updates, and each unit includes dedicated washer and dryer hookups.

    The property is located at 19 Granite Street in Auburn, Maine, in Androscoggin County. The listing describes the building as being just minutes from Auburn Mall, downtown dining, and local outdoor recreation, with the added convenience of free off-street parking for residents.

    For owner-occupants or investors seeking a manageable residential setup, the separate utility configuration is designed to shift ongoing utility responsibility to tenants rather than the owner. On-site parking is also positioned as a resident convenience. With three separate units and in-unit laundry hookups, the property may appeal to tenants looking for independence within a smaller multifamily building, while providing an owner with the flexibility of managing multiple residences under one roof.

    Local 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 $38.9k $14.28
    − Vacancy −$517 −$0.19
    EGI $38.4k $14.09
    − OpEx −$11.5k −$4.23
    NOI $26.9k $9.86
    2,724 SF · lease $14.28/SF/yr · vacancy 1.33% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $383.8K
    $335.8K – $447.8K (±1% cap)
    NOI $26,867 @ 7.0% cap · market cap 6.47%
    Second Best
    Apartment 5plus
    $364.7K
    $319.1K – $425.4K (±1% cap)
    NOI $25,526 @ 7.0% cap · market cap 6.15%
    Theoretical Best
    Warehouse
    $4.84M
    $4.23M – $5.64M (±1% cap)
    NOI $338,662 @ 7.0% cap · market cap 81.61%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Auburn
    County
    Androscoggin
    State
    Maine
    Longitude
    -70.239722
    Latitude
    44.098697

    FAQs

    What type of property is this?
    Triplex - Three-unit property with separate utilities for each unit and off-street parking, offering practical residential income use.
    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: 3‑unit building built in 1883 with Wood Frame and Aluminum Siding exterior; Each unit has separate heating system, hot water heater, and electrical panel; Tenants pay their own utilities
    More about this property
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