2-Unit Duplex with
For Sale
$345,000
Pending
226 Summer St, Auburn, ME 04210
Two residential units combine classic interior details with private laundry rooms, outdoor porches, and substantial storage areas.
Property Size3,164 SF
Lot Size0.25 Acres
Days on Market76
Property Features for 226 Summer St
General Information
Standard status
Pending
Size
3,164 SF
Lot size
0.25 Acres
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
in-unit laundry room
front and back porches
full unfinished basement
unfinished walk-up attic
landscaped yard
Building Details
Year Built
1900
Buildings
1
Listed By:
Crown Lakes Realty
(207) 436-8889
Source:
Crownlakesrealty
Added: Aug 1
Changed: Oct 5
Last Checked: Oct 14 at 11:09PM
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 Crown Lakes Realty
Investment Insights
Based on property information with market context.
This 2-unit duplex contains 3,164 square feet and was built in 1900. Each residence offers two bedrooms, one full bathroom, a kitchen with cabinet storage, a dining room, living room, in-unit laundry, and an entry area. Built-ins and hardwood floors add period detail, while front and rear porches extend each unit’s usable space.
The property occupies a 0.25-acre lot with landscaped grounds. A full unfinished basement provides additional storage, and the unfinished walk-up attic offers potential for future expansion subject to local approvals. Quick access to I-95 places the duplex near shopping, dining, schools, and other local amenities.
The property occupies a 0.25-acre lot with landscaped grounds. A full unfinished basement provides additional storage, and the unfinished walk-up attic offers potential for future expansion subject to local approvals. Quick access to I-95 places the duplex near shopping, dining, schools, and other local amenities.
Key Highlights
- Two‑unit duplex with 3,164 square feet, built in 1900
- Each unit includes 2 bedrooms and 1 full bathroom
- Front and rear porches serve both residential units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,207
Cap Rate
9.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$624,140
$624.1K
Cap Rate 7%
$445,814
$445.8K
Cap Rate 9%
$346,744
$346.7K
Market Conditions
NOI Build-Up for 3,164 SF
Gross rent
$45.2K $14.28/SF
− Vacancy
−$601 −$0.19/SF
EGI
$44.6K $14.09/SF
− OpEx
−$13.4K −$4.23/SF
NOI
$31.2K $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%
$624,140
Cap Rate 7%
$445,814
Cap Rate 9%
$346,744
Alternative Uses
Best Use
Multifamily LT 5
$445.8K
$390.1K – $520.1K
NOI $31,207 @ 7.0% cap · market cap 9.05%
Second Best
Apartment 5plus
$423.6K
$370.6K – $494.2K
NOI $29,650 @ 7.0% cap · market cap 8.59%
Theoretical Best
Warehouse
$5.62M
$4.92M – $6.56M
NOI $393,365 @ 7.0% cap · market cap 114.02%
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
540
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 residential units combine classic interior details with private laundry rooms, outdoor porches, and substantial storage areas.
Where is this duplex located?
The property is located at 226 Summer St Auburn, ME.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Two‑unit duplex with 3,164 square feet, built in 1900; Each unit includes 2 bedrooms and 1 full bathroom; Front and rear porches serve both residential units
