Duplex with Enclosed
For Sale
$329,900
215 Cook St, Auburn, ME 04210
Two-bedroom units with updated roof and heating system on a level lot.
Property Size1,904 SF
Lot Size0.30 Acres
Price / SF$173.27
Days on Market87
Property Features for 215 Cook St
General Information
Standard status
Active
Size
1,904 SF
Lot size
0.30 Acres
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
enclosed porches
large yard
Building Details
Year Built
1947
Buildings
1
Stories
2
Listing Agency:
Better Homes & Gardens Real Estate/The Masiello Group
Listed By:
Linda Davis
(207) 795-9644
Source:
Aroostookrealestate
Added: Jul 21
Changed: Oct 2
Last Checked: Oct 7 at 2:51PM
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 duplex contains 1,904 square feet across two units, with each residence offering 2 bedrooms, 1 full bath, and bright living areas. Enclosed porches on both the first and second floors add flexible space beyond the primary interiors. The property was built in 1947 and has received updates to the roof and heating system.
Set on a 0.30-acre level lot, the property includes a broad, flat yard with room for outdoor activities and gardening. Its location at 215 Cook St in Auburn places it near schools, hospitals, and turnpike access. The two-unit layout and separate residential spaces provide a practical configuration for multifamily ownership.
Set on a 0.30-acre level lot, the property includes a broad, flat yard with room for outdoor activities and gardening. Its location at 215 Cook St in Auburn places it near schools, hospitals, and turnpike access. The two-unit layout and separate residential spaces provide a practical configuration for multifamily ownership.
Key Highlights
- Duplex with 1,904 square feet and two residential units
- Each unit includes 2 bedrooms and 1 full bath
- Enclosed porches on both the first and second floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,779
Cap Rate
5.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$375,580
$375.6K
Cap Rate 7%
$268,271
$268.3K
Cap Rate 9%
$208,656
$208.7K
Market Conditions
NOI Build-Up for 1,904 SF
Gross rent
$27.2K $14.28/SF
− Vacancy
−$362 −$0.19/SF
EGI
$26.8K $14.09/SF
− OpEx
−$8.0K −$4.23/SF
NOI
$18.8K $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%
$375,580
Cap Rate 7%
$268,271
Cap Rate 9%
$208,656
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 authorities.
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
152
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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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom units with updated roof and heating system on a level lot.
Where is this duplex located?
The property is located at 215 Cook St 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 with 1,904 square feet and two residential units; Each unit includes 2 bedrooms and 1 full bath; Enclosed porches on both the first and second floors
