Duplex with Attached
For Sale
$440,000
29 Whitney Street, Auburn, ME 04210
Renovated first-floor 2-bedroom, 2-bath duplex unit plus a second unit with framing, plumbing, and electrical underway.
Property Size2,586 SF
Price / SF$170.15
Days on Market179
Property Features for 29 Whitney Street
General Information
Standard status
Active
Size
2,586 SF
Property subtype
Multi-Family
Building Details
Year Built
1870
Listing Agency:
Landing Real Estate
(207) 522-2544
Listed By:
Daniel Kimball
(207) 522-2544
Source:
Compass
Added: Feb 2
Changed: Jul 21
Last Checked: Jul 30 at 12:36PM
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 Landing Real Estate
Investment Insights
Based on property information with market context.
This duplex at 29 Whitney Street in Auburn, ME offers turnkey first-floor living with an extensively renovated 2-bedroom, 2-bath layout featuring updated finishes and a modern kitchen and baths, all described as move-in-ready. The second unit is well underway: framing, plumbing, and electrical have already been completed, giving a clear path to finish the space.
A rare attached barn adds additional two-level space. The property is described as near downtown Auburn, shopping, restaurants, hospitals, and major commuter routes, supporting convenient day-to-day access.
With a renovated unit ready for occupancy and a second unit in active construction, this property is laid out for a straightforward completion and continued income or owner-occupant customization based on the final build-out.
A rare attached barn adds additional two-level space. The property is described as near downtown Auburn, shopping, restaurants, hospitals, and major commuter routes, supporting convenient day-to-day access.
With a renovated unit ready for occupancy and a second unit in active construction, this property is laid out for a straightforward completion and continued income or owner-occupant customization based on the final build-out.
Key Highlights
- Renovated first‑floor unit offers a spacious 2‑bedroom, 2‑bath layout with updated finishes and a modern kitchen and baths
- Second unit is in progress with framing, plumbing, and electrical already completed
- Property includes a 2‑level attached barn with additional space for storage, workshop, or future expansion
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 | $36.9k | $14.28 |
| − Vacancy | −$491 | −$0.19 |
| EGI | $36.4k | $14.09 |
| − OpEx | −$10.9k | −$4.23 |
| NOI | $25.5k | $9.86 |
2,586 SF · lease $14.28/SF/yr · vacancy 1.33% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$364.4K
$318.8K – $425.1K
NOI $25,506 @ 7.0% cap · market cap 5.80%
Second Best
Apartment 5plus
$346.2K
$302.9K – $403.9K
NOI $24,233 @ 7.0% cap · market cap 5.51%
Theoretical Best
Warehouse
$4.59M
$4.02M – $5.36M
NOI $321,505 @ 7.0% cap · market cap 73.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,634
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Renovated first-floor 2-bedroom, 2-bath duplex unit plus a second unit with framing, plumbing, and electrical underway.
Where is this duplex located?
The property is located at 29 Whitney Street Auburn, ME.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: Renovated first‑floor unit offers a spacious 2‑bedroom, 2‑bath layout with updated finishes and a modern kitchen and baths; Second unit is in progress with framing, plumbing, and electrical already completed; Property includes a 2‑level attached barn with additional space for storage, workshop, or future expansion
