Two-Unit Duplex with Off-Street
New
For Sale
$380,000
30 Whitney Street, Auburn, ME 04210
Multi-Family, Auburn, ME
Property Size1,974 SF
Lot Size0.10 Acres
Price / SF$192.50
Days on Market3
Property Features for 30 Whitney Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MFU
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Basement
Patio and Porch features
Porch, Deck
Interior features
1st Floor Bedroom, Shower, Storage
Basement
Sump Pump, Full, Unfinished
Lot features
Level, Sidewalks, Interior Lot, Neighborhood
Standard status
Active
Size
1,974 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4388
Utilities
Sewer type
Public Sewer
Heating system
Oil, Heat Pump (Heating), Electric (Heating), Forced Air
Cooling system
Heat Pump
Water source
Public
Amenities
updated kitchen and bathroom appliances
laundry hookup
Building Details
Year built
1950
Number of units
2
Flooring type
Tile, Wood, Vinyl, Carpet
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Other
Additional Structures
Storage
Listing Agency:
Keller Williams Realty
(207) 879-9800
Listed By:
Mike Sahabo
(207) 632-3637
Added: Aug 25
Changed: Aug 26
Last Checked: Aug 27 at 7:06AM
MLS# 1677725
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 1,974-square-foot duplex, built in 1950, contains two separate units: one with three bedrooms and one bathroom, and another with two bedrooms and one bathroom. Recent appliance updates serve the kitchens and bathrooms, while laundry hookups, storage, a basement, and a first-floor bedroom add practical functionality. Interior finishes include tile, carpet, wood, and vinyl flooring, with heat pump cooling and a mix of heat pump, forced-air, electric, and oil heating systems.
The property occupies 0.1 acres and provides a driveway with off-street parking for up to 6 vehicles. A porch and deck expand the usable exterior areas. Public water and public sewer serve the property, which has wood-frame construction, vinyl siding, and a shingle roof. Zoning is MFU.
The property occupies 0.1 acres and provides a driveway with off-street parking for up to 6 vehicles. A porch and deck expand the usable exterior areas. Public water and public sewer serve the property, which has wood-frame construction, vinyl siding, and a shingle roof. Zoning is MFU.
Key Highlights
- Two‑unit layout with 3‑bedroom and 2‑bedroom residences
- 1,974 square feet on a 0.1‑acre lot
- Driveway provides off‑street parking for up to 6 vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,470
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.12%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$389,400
$389.4K
Cap Rate 7%
$278,143
$278.1K
Cap Rate 9%
$216,333
$216.3K
Market Conditions
NOI Build-Up for 1,974 SF
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.
Gross rent
$28.2K $14.28/SF
− Vacancy
−$375 −$0.19/SF
EGI
$27.8K $14.09/SF
− OpEx
−$8.3K −$4.23/SF
NOI
$19.5K $9.86/SF
Area
Androscoggin County, ME
Vacancy
1.33%
Lease Rate
$14.28 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$389,400
Cap Rate 7%
$278,143
Cap Rate 9%
$216,333
Alternative Uses
Best Use
Multifamily LT 5
$278.1K
$243.4K – $324.5K
NOI $19,470 @ 7.0% cap · market cap 5.12%
Second Best
Apartment 5plus
$264.3K
$231.2K – $308.3K
NOI $18,498 @ 7.0% cap · market cap 4.87%
Theoretical Best
Warehouse
$3.51M
$3.07M – $4.09M
NOI $245,418 @ 7.0% cap · market cap 64.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
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 - Separate three- and two-bedroom units feature updated appliances, laundry hookups, and outdoor parking.
Where is this duplex located?
The property is located at 30 Whitney Street Auburn, ME.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: Two‑unit layout with 3‑bedroom and 2‑bedroom residences; 1,974 square feet on a 0.1‑acre lot; Driveway provides off‑street parking for up to 6 vehicles
