Well-Maintained Duplex
215 Cook Street Auburn, ME 04210
For Sale
$329,900
Duplex on a level lot with two enclosed porches per unit, plus recent roof and heating updates.
Property Size1,904 SF
Lot Size0.30 Acres
Price / SF$173.27
Days on Market103
Property Features for 215 Cook Street
General Information
- Standard status
- Active
- Size
- 1,904 SF
- Lot size
- 0.30 Acres
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1947
Listing Agency:
Better Homes & Gardens Real Estate/The Masiello Group
(207) 212-5373
Listed By:
Linda Davis
(207) 212-5373
Source:
Compass
Added: Apr 13
Changed: Jul 22
Last Checked: Jul 23 at 11:21AM
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 Better Homes & Gardens Real Estate/The Masiello Group
Investment Insights
Based on property information with market context.
This well-maintained duplex offers two separate units, each with two bedrooms and one full bath. The layout includes bright living spaces, and both the first and second floors feature enclosed porches for additional indoor comfort. Recent updates include improvements to the roof and the heating system.
The property is set on a spacious, level 0.30-acre lot and is described as being in a convenient area close to schools, hospitals, and turnpike access. A large flat yard provides outdoor space for recreation, gardening, or other uses.
With its functional two-unit configuration and multiple updates already completed, the duplex is positioned for both owner-occupants and investors seeking a residential income property.
The property is set on a spacious, level 0.30-acre lot and is described as being in a convenient area close to schools, hospitals, and turnpike access. A large flat yard provides outdoor space for recreation, gardening, or other uses.
With its functional two-unit configuration and multiple updates already completed, the duplex is positioned for both owner-occupants and investors seeking a residential income property.
Key Highlights
- Duplex built in 1947 with 2 floors and 2 units (2 bedrooms and 1 full bath per unit)
- 0.30‑acre level lot with a large flat yard for outdoor use
- Enclosed porches on both the first and second floors for each unit
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 | $27.2k | $14.28 |
| − Vacancy | −$362 | −$0.19 |
| EGI | $26.8k | $14.09 |
| − OpEx | −$8.0k | −$4.23 |
| NOI | $18.8k | $9.86 |
1,904 SF · lease $14.28/SF/yr · vacancy 1.33% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$268.3K
$234.7K – $313.0K
NOI $18,779 @ 7.0% cap · market cap 5.69%
Second Best
Apartment 5plus
$254.9K
$223.0K – $297.4K
NOI $17,842 @ 7.0% cap · market cap 5.41%
Theoretical Best
Warehouse
$3.38M
$2.96M – $3.95M
NOI $236,715 @ 7.0% cap · market cap 71.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex on a level lot with two enclosed porches per unit, plus recent roof and heating updates.
Where is this duplex located?
The property is located at 215 Cook Street Auburn, ME.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: Duplex built in 1947 with 2 floors and 2 units (2 bedrooms and 1 full bath per unit); 0.30‑acre level lot with a large flat yard for outdoor use; Enclosed porches on both the first and second floors for each unit
