Victorian Duplex Income
21 Laurel Avenue, Auburn, ME 04210
New
MULTI_FAMILY - Victorian - Auburn, ME
Property size:
3,713 SFLot size:
0.17 AcresPrice / SF:
$121/SF- Added:
- Jun 20, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 21 at 9:06 pm
Property Features for 21 Laurel Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R3
- Bathrooms
- 2
- Rooms
- Bathroom 1, Basement, Bathroom 2
- Parking features
- Off Street
- Interior features
- Bathtub, Pantry, Storage
- Fencing
- Fenced
- Basement
- Unfinished, Full
- Standard status
- Active
- Size
- 3,713 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4702
Utilities
- Sewer type
- Public Sewer
- Heating system
- Steam, Natural Gas, Propane (Heating), Other (Heating)
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 3
- Number of units
- 2
- Flooring type
- Vinyl, Hardwood, Wood
- Building materials
- Wood Frame, Wood Siding
- Roof type
- Shingle
- Architectural style
- Victorian
- Additional Structures
- Storage
Listing agent David Marshall (207) 409-6617
Listing office EXP Realty 41 Hutchins Drive Building 3, Rangeley, ME (888) 439-8743
Listing date Jun 20, 2026
MLS# 1666814
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
- Victorian‑style home built in 1900 with wood frame construction and wood siding
- Over 3,713 SF with original hardwood floors, period woodwork, and a wood‑burning fireplace
- Two‑unit layout: owner unit plus a leased 2‑bedroom apartment (lease through October)
- Public water and public sewer, with steam and natural gas/propane heating listed
- Fenced backyard with off‑street paved driveway and a storage shed
- Rooms include two bathrooms and a basement; features include pantry, storage, and bathtub
Overview
This turn-of-the-century Queen Anne Victorian duplex offers approximately 3,713 square feet with two separate residences. The owner’s unit spans multiple floors and includes 4 bedrooms plus a first-floor office. Interior highlights include original hardwood floors, intricate period woodwork, a wood-burning fireplace, and a generous formal dining room with a classic built-in hutch. A newer heating system and a chimney flue that has been freshly lined support the building’s mechanical updates. The second unit is a well-maintained 2-bedroom apartment currently leased through October.
Set on about 0.17 acres at 21 Laurel Avenue in Auburn, the property includes a fully fenced backyard, a paved driveway, and a storage shed. Public sewer and public water are available. The home is described as walkable to downtown Auburn, nearby restaurants and local shops, and the Androscoggin Riverwalk trail system.
Designed for investors or owner-occupants seeking rental support, this configuration pairs a larger multi-floor primary residence with a separately leased apartment. With public utilities and a fenced outdoor area, the property supports straightforward everyday living and tenant usability, while retaining the historic character evident in the original woodwork and floors.
Set on about 0.17 acres at 21 Laurel Avenue in Auburn, the property includes a fully fenced backyard, a paved driveway, and a storage shed. Public sewer and public water are available. The home is described as walkable to downtown Auburn, nearby restaurants and local shops, and the Androscoggin Riverwalk trail system.
Designed for investors or owner-occupants seeking rental support, this configuration pairs a larger multi-floor primary residence with a separately leased apartment. With public utilities and a fenced outdoor area, the property supports straightforward everyday living and tenant usability, while retaining the historic character evident in the original woodwork and floors.
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 | $53.0k | $14.28 |
| − Vacancy | −$705 | −$0.19 |
| EGI | $52.3k | $14.09 |
| − OpEx | −$15.7k | −$4.23 |
| NOI | $36.6k | $9.86 |
3,713 SF · lease $14.28/SF/yr · vacancy 1.33% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$523.2K
$457.8K – $610.4K
NOI $36,622 @ 7.0% cap · market cap 8.14%
Second Best
Apartment 5plus
$497.1K
$434.9K – $579.9K
NOI $34,794 @ 7.0% cap · market cap 7.73%
Theoretical Best
Warehouse
$6.59M
$5.77M – $7.69M
NOI $461,620 @ 7.0% cap · market cap 102.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Auburn
- County
- Androscoggin
- State
- Maine
- Longitude
- -70.225794
- Latitude
- 44.09022
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Queen Anne Victorian duplex with two units, original interior details, and public utilities in an R3-zoned intown setting.
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 $450,000.
What are key features of this property?
This property features: Victorian‑style home built in 1900 with wood frame construction and wood siding; Over 3,713 SF with original hardwood floors, period woodwork, and a wood‑burning fireplace; Two‑unit layout: owner unit plus a leased 2‑bedroom apartment (lease through October)
