Two-Unit Residential Income
25 Washington Street Augusta, ME 04330
New
For Sale
$298,000
MULTI_FAMILY - Greek Revival - Augusta, ME
Property Size1,992 SF
Lot Size0.11 Acres
Price / SF$149.60
Days on Market2
Property Features for 25 Washington Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- residential
- Bathrooms
- 2
- Rooms
- Bathroom 1, Basement, Bathroom 2
- Patio and Porch features
- Porch
- Interior features
- 1st Floor Bedroom, Attic, Bathtub, Shower, Storage
- Basement
- Full
- Standard status
- Active
- Size
- 1,992 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2547
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Baseboard, Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1901
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Hardwood, Carpet
- Building materials
- Wood Frame, Asbestos
- Roof type
- Metal
- Architectural style
- Greek Revival
- Additional Structures
- Storage
Listing Agency:
Webber Real Estate
(207) 293-2601
Listed By:
Fred Webber
(207) 293-2601
Added: Jul 24
Last Checked: Jul 25 at 1:06AM
MLS# 1632434
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex offers two 2-bedroom units, with one unit on the first floor and the other on the second floor. Each unit includes a generous porch and comes equipped with laundry hook-ups, as well as a refrigerator and range. A double-car garage provides additional space for storage or parking.
The property is located on a desirable corner lot in Augusta, within walking distance to downtown. The listing also notes that 24-hour notice is required to show.
With residential zoning and a compact lot size, this is a straightforward residential income opportunity structured around two separate units within a single building.
The property is located on a desirable corner lot in Augusta, within walking distance to downtown. The listing also notes that 24-hour notice is required to show.
With residential zoning and a compact lot size, this is a straightforward residential income opportunity structured around two separate units within a single building.
Key Highlights
- Two 2‑bedroom units on the first and second floors
- Generous porch on each unit plus a corner lot
- Laundry hook‑up, fridge, and range included with 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 | $32.3k | $16.20 |
| − Vacancy | −$491 | −$0.25 |
| EGI | $31.8k | $15.95 |
| − OpEx | −$9.5k | −$4.79 |
| NOI | $22.2k | $11.17 |
1,992 SF · lease $16.20/SF/yr · vacancy 1.52% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$317.8K
$278.1K – $370.8K
NOI $22,246 @ 7.0% cap · market cap 7.47%
Second Best
Apartment 5plus
$277.2K
$242.6K – $323.4K
NOI $19,405 @ 7.0% cap · market cap 6.51%
Theoretical Best
Warehouse
$2.97M
$2.60M – $3.47M
NOI $208,031 @ 7.0% cap · market cap 69.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two 2-bedroom units sit on an in-town corner lot, each with a porch and in-unit laundry hook-up.
Where is this duplex located?
The property is located at 25 Washington Street Augusta, ME.
What is the asking price?
The asking price for this property is $298,000.
What are key features of this property?
This property features: Two 2‑bedroom units on the first and second floors; Generous porch on each unit plus a corner lot; Laundry hook‑up, fridge, and range included with each unit
