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Three-Unit Residential Income Property

3 Ryan Court Augusta, ME 04330

3 Ryan Court, Augusta, ME, 04330
$199,900
For Sale
Claim this Listing
$199,900

MULTI_FAMILY - Ranch - Augusta, ME

Property Size1,794 SF
Lot Size0.17 Acres
Price / SF$111.43
AddedJul 3
Days on Market14
Last RefreshJul 16 at 2:06 pm

Property Features for 3 Ryan Court

General Information

Property type
Residential Multi Family
Property subtype
Single Family Residence
Zoning
1050
Bathrooms
3
Rooms
Bathroom 3, Basement, Bathroom 2, Bathroom 1
Basement
Daylight, Full
Standard status
Active
Size
1,794 SF
Lot size
0.17 Acres

Taxes and HOA fees

Tax Year
2025
Tax Annual Amount
2835

Utilities

Sewer type
Public Sewer
Heating system
Baseboard, Oil
Water source
Public

Building Details

Year built
1938
Number of units
3
Flooring type
Tile, Carpet, Vinyl, Linoleum, Wood
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Ranch

Listing agent Daniel Hildebrandt

Listing office AllMaineHomes, LLC 183 State Street Suite 102, hallowell, ME

Listing date Jul 3, 2026

MLS# 1656873 Listing URL

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 for-sale three-unit residential income property is configured as a ranch-style multifamily building and totals 1,794 square feet. The offering includes three units, along with a large basement that can support storage or other practical uses depending on an operator’s plans. The parcel is listed at 0.17 acres.

The property is located at 3 Ryan Court in Augusta, Kennebec County, Maine. Zoning is identified as 1050. Further details about building condition, layout specifics, and unit finishes are not provided in the available information.

For buyers considering a small, manageable multifamily investment, the presence of three units paired with a substantial basement can be attractive for operational planning and resident needs. Because the listing information is limited, prospective purchasers should confirm rent roll details, unit composition, and any permitting or suitability considerations for how the basement space may be used. For more information, contact Dan Hildebrandt.

Key Highlights

  • Ranch‑style building with 3 units
  • Built in 1938
  • Vinyl siding exterior with wood frame construction

Local Financial Insights For Apartment 5plus

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 $18.00
− Vacancy −$517 −$0.29
EGI $31.8k $17.71
− OpEx −$14.3k −$7.97
NOI $17.5k $9.74
1,794 SF · lease $18.00/SF/yr · vacancy 1.60% · expense 45.00%

Alternative Uses

Best Use
Multifamily LT 5
$286.2K
$250.4K – $333.9K (±1% cap)
NOI $20,035 @ 7.0% cap · market cap 10.02%
Second Best
Apartment 5plus
$249.7K
$218.5K – $291.3K (±1% cap)
NOI $17,476 @ 7.0% cap · market cap 8.74%
Theoretical Best
Warehouse
$2.68M
$2.34M – $3.12M (±1% cap)
NOI $187,353 @ 7.0% cap · market cap 93.72%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Big Box & Wholesale Store Electrical Service Carpet & Flooring Store (Bike/Boat/Book/etc) Store Veterinary Clinic Building Supply Bakery Pet Grooming Service Florist Acupuncture

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Triplex - Three units with a large basement offers a straightforward residential income setup in Augusta, Maine.
Where is this triplex located?
The property is located at 3 Ryan Court Augusta, ME.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Ranch‑style building with 3 units; Built in 1938; Vinyl siding exterior with wood frame construction
Contact an agent
More about this property
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