Townhouse
19 Melvin Street, Auburn, ME 04210
For Sale
$400,000
Both residences offer a two-bedroom, one-bathroom layout in a duplex configuration.
Property Size1,936 SF
Price / SF$206.61
Days on Market159
Property Features for 19 Melvin Street
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Road Access
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Coldwell Banker Realty
(207) 773-1990
Listed By:
Michael Bunting
(207) 838-0912
Source:
Integrityhomesrealestategroup
Added: Jun 4
Changed: Nov 7
Last Checked: Nov 9 at 6:07PM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This 1,936-square-foot duplex contains two townhouse-style residences, each with two bedrooms and one bathroom. Built in 1986, the property has new flooring and paint, Anderson windows, and a slab foundation. Tenants are responsible for the systems, as described in the property information.
The duplex occupies the last lot on the right along a dead-end street and is close to Washington Ave and highway systems.
The duplex occupies the last lot on the right along a dead-end street and is close to Washington Ave and highway systems.
Key Highlights
- Two townhouse‑style units, each with 2 bedrooms and 1 bathroom
- 1,936 square feet; built in 1986
- New flooring and paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,095
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$381,900
$381.9K
Cap Rate 7%
$272,786
$272.8K
Cap Rate 9%
$212,167
$212.2K
Market Conditions
NOI Build-Up for 1,936 SF
Gross rent
$27.6K $14.28/SF
− Vacancy
−$368 −$0.19/SF
EGI
$27.3K $14.09/SF
− OpEx
−$8.2K −$4.23/SF
NOI
$19.1K $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%
$381,900
Cap Rate 7%
$272,786
Cap Rate 9%
$212,167
Alternative Uses
Best Use
Multifamily LT 5
$272.8K
$238.7K – $318.3K
NOI $19,095 @ 7.0% cap · market cap 4.77%
Second Best
Apartment 5plus
$259.2K
$226.8K – $302.4K
NOI $18,142 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$602.1K
$526.9K – $702.5K
NOI $42,149 @ 7.0% cap · market cap 10.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
228
Businesses Nearby
Explore this area
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
$254,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Auburn, ME
Properties on Market for Duplexes in Auburn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer a two-bedroom, one-bathroom layout in a duplex configuration.
Where is this duplex located?
The property is located at 19 Melvin Street Auburn, ME.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Two townhouse‑style units, each with 2 bedrooms and 1 bathroom; 1,936 square feet; built in 1986; New flooring and paint
