Multifamily Property with
For Sale
$289,000
25 Washington St, Augusta, ME 04330
Apartments feature natural-gas combi boilers, with tenants responsible for their own heat.
Property Size1,992 SF
Price / SF$145.08
Days on Market9
Property Features for 25 Washington St
General Information
Standard status
Active
Size
1,992 SF
Property subtype
Multi-Family
Building Details
Year Built
1901
Listed By:
Kathy Gallant
(207) 841-7569
Source:
Gre207
Added: Sep 28
Last Checked: Oct 5 at 7:06PM
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 Kathy Gallant
Investment Insights
Based on property information with market context.
This multifamily property at 25 Washington St in Augusta includes apartments and a garage. The building dates to 1901 and has natural-gas combi boilers; tenants pay for their own heat. Electrical work, interior finishes, and roof paint have been updated, and the property also has a small yard.
Key Highlights
- Garage serving the apartment property
- Natural‑gas combi boilers; tenants pay for their own heat
- Built in 1901
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,405
Cap Rate
6.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$388,100
$388.1K
Cap Rate 7%
$277,214
$277.2K
Cap Rate 9%
$215,611
$215.6K
Market Conditions
NOI Build-Up for 1,992 SF
Gross rent
$35.9K $18.00/SF
− Vacancy
−$574 −$0.29/SF
EGI
$35.3K $17.71/SF
− OpEx
−$15.9K −$7.97/SF
NOI
$19.4K $9.74/SF
Area
Kennebec County, ME
Vacancy
1.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$388,100
Cap Rate 7%
$277,214
Cap Rate 9%
$215,611
Alternative Uses
Best Use
Apartment 5plus
$277.2K
$242.6K – $323.4K
NOI $19,405 @ 7.0% cap · market cap 6.71%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.97M
$2.60M – $3.47M
NOI $208,031 @ 7.0% cap · market cap 71.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
226
Businesses Nearby
Explore this area
Business Placement
Demographics for 04330, ME
26,322
Population
13,017
Households
2
Avg Household Size
44
Median Age
28%
College-Educated
95%
High-School Grad
116.9 sq mi
ZIP Area
225
Density / Sq Mi
$55,158
Median Household Income
$43,177
Median Earnings
$912
Median Rent
$197,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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?
Multifamily property - Apartments feature natural-gas combi boilers, with tenants responsible for their own heat.
Where is this multifamily property located?
The property is located at 25 Washington St Augusta, ME.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: Garage serving the apartment property; Natural‑gas combi boilers; tenants pay for their own heat; Built in 1901
