Updated Two-Unit
32 Cook St, Auburn, ME 04210
For Sale
$369,900
Both units feature refreshed finishes, laundry hookups, on-site parking, and access to a separate storage building.
Property Size2,434 SF
Price / SF$151.97
Days on Market59
Property Features for 32 Cook St
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Multifamily Units
Amenities
laundry hookups
on-site parking
additional storage building
Building Details
Year Built
Listed By:
Pouliot Real Estate
(207) 248-6044
Source:
Pouliotrealestate
Added: Sep 9
Changed: Nov 6
Last Checked: Nov 6 at 7:49AM
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 Pouliot Real Estate
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Investment Insights
Based on property information with market context.
This 2,434-square-foot duplex includes two residential units with refreshed interiors. New paint, flooring, and appliances have been added in both units, and each includes laundry hookups. On-site parking and a separate storage building provide additional functional space.
Exterior work includes new siding and deck maintenance. Built in 1920, the property is near shopping and local amenities, with access to I-95. The two-unit configuration supports continued multifamily use for an investor or owner-occupant.
Exterior work includes new siding and deck maintenance. Built in 1920, the property is near shopping and local amenities, with access to I-95. The two-unit configuration supports continued multifamily use for an investor or owner-occupant.
Key Highlights
- 2,434‑square‑foot duplex with 2 residential units
- New paint, flooring, and appliances in both units
- Laundry hookups included in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,007
Cap Rate
6.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$480,140
$480.1K
Cap Rate 7%
$342,957
$343.0K
Cap Rate 9%
$266,744
$266.7K
Market Conditions
NOI Build-Up for 2,434 SF
Gross rent
$34.8K $14.28/SF
− Vacancy
−$462 −$0.19/SF
EGI
$34.3K $14.09/SF
− OpEx
−$10.3K −$4.23/SF
NOI
$24.0K $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 Rate 5%
$480,140
Cap Rate 7%
$342,957
Cap Rate 9%
$266,744
Alternative Uses
Best Use
Multifamily LT 5
$343.0K
$300.1K – $400.1K
NOI $24,007 @ 7.0% cap · market cap 6.49%
Second Best
Apartment 5plus
$325.8K
$285.1K – $380.2K
NOI $22,809 @ 7.0% cap · market cap 6.17%
Theoretical Best
Warehouse
$4.32M
$3.78M – $5.04M
NOI $302,608 @ 7.0% cap · market cap 81.81%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
528
Businesses Nearby
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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
$254,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Auburn, ME
Properties on Market for Duplexes in Auburn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both units feature refreshed finishes, laundry hookups, on-site parking, and access to a separate storage building.
Where is this duplex located?
The property is located at 32 Cook St Auburn, ME.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: 2,434‑square‑foot duplex with 2 residential units; New paint, flooring, and appliances in both units; Laundry hookups included in each unit
