Two-Unit Duplex with Private Outdoor
35 Pine Street, Auburn, ME 04210
For Sale
$365,000
Each residence has its own driveway and backyard, with tenants responsible for maintaining their respective yard areas.
Property Size2,218 SF
Price / SF$164.56
Days on Market158
Property Features for 35 Pine Street
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
private driveway
private backyard
Bathtub
Building Details
Building Size
Year Built
Stories
Units
Tenancy
Listing Agency:
American Real Estate
(207) 331-5131
Listed By:
Mushreq Alsamraee
(207) 632-9523
Source:
Amerorealty
Added: Jun 5
Changed: Nov 8
Last Checked: Nov 8 at 9:18PM
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 American Real Estate
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Investment Insights
Based on property information with market context.
This 2,218-square-foot duplex, built in 1920 and zoned MFU, contains two residences. The first-floor unit has 2 bedrooms; the other occupies the second and third floors and has a flexible 3–5 room layout. Recent work includes new siding, sheetrock across much of the upper unit, vinyl flooring, interior paint, a paved driveway, and fencing.
Each residence has a separate driveway and backyard. Tenants maintain their own yard areas.
Each residence has a separate driveway and backyard. Tenants maintain their own yard areas.
Key Highlights
- Two‑unit property with 2,218 square feet; built in 1920
- First‑floor residence has 2 bedrooms
- Upper residence spans the second and third floors with a flexible 3–5 room layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,876
Cap Rate
5.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$437,520
$437.5K
Cap Rate 7%
$312,514
$312.5K
Cap Rate 9%
$243,067
$243.1K
Market Conditions
NOI Build-Up for 2,218 SF
Gross rent
$31.7K $14.28/SF
− Vacancy
−$421 −$0.19/SF
EGI
$31.3K $14.09/SF
− OpEx
−$9.4K −$4.23/SF
NOI
$21.9K $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%
$437,520
Cap Rate 7%
$312,514
Cap Rate 9%
$243,067
Alternative Uses
Best Use
Multifamily LT 5
$312.5K
$273.5K – $364.6K
NOI $21,876 @ 7.0% cap · market cap 5.99%
Second Best
Apartment 5plus
$296.9K
$259.8K – $346.4K
NOI $20,785 @ 7.0% cap · market cap 5.69%
Theoretical Best
Office A
$689.8K
$603.6K – $804.8K
NOI $48,288 @ 7.0% cap · market cap 13.23%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
810
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 - Each residence has its own driveway and backyard, with tenants responsible for maintaining their respective yard areas.
Where is this duplex located?
The property is located at 35 Pine Street Auburn, ME.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Two‑unit property with 2,218 square feet; built in 1920; First‑floor residence has 2 bedrooms; Upper residence spans the second and third floors with a flexible 3–5 room layout
