Victorian
21 Laurel Avenue, Auburn, ME 04210
For Sale
$385,000
A five-bedroom residence and a leased two-bedroom apartment provide separate living spaces within this two-unit property.
Property Size3,713 SF
Price / SF$103.69
Days on Market152
Property Features for 21 Laurel Avenue
General Information
Standard status
Size
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Additional Details
Utilities to Site
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
Bathtub
Pantry
Storage
Building Details
Building Size
Year Built
Stories
Units
Construction
Listing Agency:
EXP Realty
(888) 439-8743
Listed By:
David Marshall
(207) 409-6617
Source:
Amerorealty
Added: Jun 11
Changed: Nov 7
Last Checked: Nov 9 at 12:50PM
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 EXP Realty
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Investment Insights
Based on property information with market context.
The 1900-built Queen Anne Victorian at 21 Laurel Avenue contains two residential units. The larger residence spans multiple floors and offers five bedrooms, original hardwood flooring, period woodwork, a wood-burning fireplace, and a formal dining room with a built-in hutch. A separate two-bedroom apartment is leased through October. The building has a newer heating system and a lined chimney flue.
The property has R3 zoning, public water and sewer, a paved driveway, and a storage shed. A fully fenced backyard provides outdoor space. Downtown Auburn, restaurants, local shops, and the Androscoggin Riverwalk trail system are within walking distance.
The property has R3 zoning, public water and sewer, a paved driveway, and a storage shed. A fully fenced backyard provides outdoor space. Downtown Auburn, restaurants, local shops, and the Androscoggin Riverwalk trail system are within walking distance.
Key Highlights
- 1900‑built Queen Anne Victorian configured as a two‑unit property
- Five‑bedroom residence with original hardwood floors, period woodwork, and a wood‑burning fireplace
- Separate two‑bedroom apartment leased through October
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,794
Cap Rate
9.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$695,880
$695.9K
Cap Rate 7%
$497,057
$497.1K
Cap Rate 9%
$386,600
$386.6K
Market Conditions
NOI Build-Up for 3,713 SF
Gross rent
$64.2K $17.28/SF
− Vacancy
−$898 −$0.24/SF
EGI
$63.3K $17.04/SF
− OpEx
−$28.5K −$7.67/SF
NOI
$34.8K $9.37/SF
Area
Androscoggin County, ME
Vacancy
1.40%
Lease Rate
$17.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$695,880
Cap Rate 7%
$497,057
Cap Rate 9%
$386,600
Alternative Uses
Best Use
Multifamily LT 5
$523.2K
$457.8K – $610.4K
NOI $36,622 @ 7.0% cap · market cap 9.51%
Second Best
Apartment 5plus
$497.1K
$434.9K – $579.9K
NOI $34,794 @ 7.0% cap · market cap 9.04%
Theoretical Best
Office A
$1.15M
$1.01M – $1.35M
NOI $80,836 @ 7.0% cap · market cap 21.00%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,300
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 - A five-bedroom residence and a leased two-bedroom apartment provide separate living spaces within this two-unit property.
Where is this duplex located?
The property is located at 21 Laurel Avenue Auburn, ME.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: 1900‑built Queen Anne Victorian configured as a two‑unit property; Five‑bedroom residence with original hardwood floors, period woodwork, and a wood‑burning fireplace; Separate two‑bedroom apartment leased through October
