21 Laurel Street Augusta, ME 04330
MULTI_FAMILY - Other - Augusta, ME
Property Features for 21 Laurel Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Res
- Bathrooms
- 2
- Rooms
- Basement, Bathroom 2, Bathroom 1
- Parking features
- Off Street
- Basement
- Finished, Full
- Standard status
- Active
- Size
- 1,996 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 1810
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard, Other (Heating), Electric (Heating)
- Water source
- Public
Building Details
- Year built
- 1900
- Number of units
- 2
- Flooring type
- Wood, Vinyl
- Building materials
- Wood Frame, Wood Siding
- Roof type
- Membrane
- Architectural style
- Other
Listing agent Daniel Hildebrandt (207) 679-7389
Listing office AllMaineHomes, LLC 183 State Street Suite 102, hallowell, ME (207) 623-2100
Listing date Jul 3, 2026
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.
Investment Insights
Based on property information with market context.
The home is located at 21 Laurel Street in Augusta, Maine, on a small lot size of 0.05 acres. Public remarks describe the property as positioned “at the top of the hill.”
For buyers seeking a residential income property, the unit layout provides meaningful bedroom flexibility between levels. Updates to the heating and water heating systems, along with the recent full rehabilitation, may help reduce near-term maintenance considerations. The detached garage and full basement add practical storage and utility space for tenants or future occupancy plans.
Key Highlights
- Full rehab completed 2 years ago with new electric baseboard heat throughout
- 3 bedrooms upstairs and 3+ bedrooms downstairs, configured as 2 big units
- Detached 1‑car garage plus a large basement
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 | $32.3k | $16.20 |
| − Vacancy | −$491 | −$0.25 |
| EGI | $31.8k | $15.95 |
| − OpEx | −$9.6k | −$4.79 |
| NOI | $22.3k | $11.17 |
