25 Eighth Street, Auburn, ME 04210
Three-unit Cape with shared laundry, yard, pool, and detached workshop with conversion plans.
- Added:
- Apr 24, 2026
- Days on Market:
- 53
- Last Refresh:
- Jun 11 at 4:07 am
Property Features for 25 Eighth Street
General Information
- Standard status
- Active
- Size
- 2,464 SF
- Lot size
- 0.50 Acres
- Property subtype
- Multi-family
Building Details
- Year Built
- 1949
Listing agent Elizabeth Marks (603) 433-3350
Listing office The Real Estate Store
Listing date Apr 24, 2026
Source Greatislandrealty
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 The Real Estate Store
HighLights
- 1949 Cape‑style 3‑unit property with first‑floor 2BD/1BA, second‑floor 2BD/1BA, and lower‑level 1BD/1BA units
- Shared laundry area for all tenants
- Set on a 0.5‑acre lot at the end of a quiet dead‑end street with a large yard and in‑ground pool (pool and pool house need renovation)
- Detached 1,200 SF workshop/barn plus an additional 1,200 SF walk‑out garage level below
- Architectural plans drafted to convert the detached workshop/barn into a 2,400 SF two‑unit building to add rental income potential
Overview
The home sits on a spacious 0.5-acre lot at the end of a quiet dead-end street, providing a more private setting. Addressed at 25 Eighth Street in Auburn, ME 04210, the property is positioned for tenants who value a residential feel while still benefiting from an income-focused configuration.
In addition to the three units, there is a detached 1,200 sq ft workshop/barn with an additional 1,200 sq ft walk-out garage level below. Architectural plans have already been drafted to convert this structure into a 2,400 sq ft two-unit building, supporting an expansion concept for either an investor seeking additional rental income or an owner-occupant planning a multi-generational setup.
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 | $35.2k | $14.28 |
| − Vacancy | −$468 | −$0.19 |
| EGI | $34.7k | $14.09 |
| − OpEx | −$10.4k | −$4.23 |
| NOI | $24.3k | $9.86 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Auburn
- County
- Androscoggin
- State
- Maine
- Longitude
- -70.22718
- Latitude
- 44.0845342
