Updated Two-Unit Duplex
New
For Sale
$235,000
4 Monroe Street, Augusta, ME 04330
MULTI_FAMILY - Other - Augusta, ME
Property Size1,702 SF
Lot Size0.19 Acres
Price / SF$138.07
Days on Market2
Property Features for 4 Monroe Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RC
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Basement
Parking features
Off Street
Patio and Porch features
Deck, Porch
Pets allowed
No
Interior features
1st Floor Bedroom, Attic, Bathtub, Shower
Fencing
Fenced
Basement
Full, Unfinished
Lot features
Well Landscaped, Rolling/ Sloping, Sidewalks, Intown, Near Shopping, Near Turnpike/ Interstate, Neighborhood, Subdivided
Standard status
Active
Size
1,702 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2525
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Zoned, Oil, Other (Heating)
Water source
Public
Amenities
glassed-in front porch
covered back deck
private backyard
Building Details
Year built
1876
Floors in Building
2
Number of units
2
Flooring type
Vinyl, Wood, Laminate, Carpet
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
Your Home Sold Guaranteed Realty
(207) 629-9211
Listed By:
Kasey Hewett
(207) 766-1447
Added: Aug 10
Last Checked: Aug 11 at 7:06PM
MLS# 1672042
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 duplex contains two separate 2-bedroom, 1-bath apartments within a 1,702-square-foot wood-frame building constructed in 1876. The property includes a glass-enclosed front porch, covered rear deck, fenced backyard, basement, attic, and first-floor bedroom. Vinyl, wood, laminate, and carpet flooring are present, with hot-water heating, zoned heat, oil service, and a shingle roof.
Located at 4 Monroe Street in Augusta, the property occupies 0.19 acres and is served by public water and public sewer. Off-street parking provides on-site vehicle accommodation, while the deck, porch, and enclosed yard add usable outdoor space. RC zoning applies to the property.
Located at 4 Monroe Street in Augusta, the property occupies 0.19 acres and is served by public water and public sewer. Off-street parking provides on-site vehicle accommodation, while the deck, porch, and enclosed yard add usable outdoor space. RC zoning applies to the property.
Key Highlights
- Two 2‑bedroom, 1‑bath apartments in a duplex configuration
- 1,702 square feet on a 0.19‑acre lot
- Constructed in 1876 with wood‑frame construction and vinyl siding
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
$19,007
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
8.09%
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%
$380,140
$380.1K
Cap Rate 7%
$271,529
$271.5K
Cap Rate 9%
$211,189
$211.2K
Market Conditions
NOI Build-Up for 1,702 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
$27.6K $16.20/SF
− Vacancy
−$419 −$0.25/SF
EGI
$27.2K $15.95/SF
− OpEx
−$8.1K −$4.79/SF
NOI
$19.0K $11.17/SF
Area
Kennebec County, ME
Vacancy
1.52%
Lease Rate
$16.20 /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%
$380,140
Cap Rate 7%
$271,529
Cap Rate 9%
$211,189
Alternative Uses
Best Use
Multifamily LT 5
$271.5K
$237.6K – $316.8K
NOI $19,007 @ 7.0% cap · market cap 8.09%
Second Best
Apartment 5plus
$236.9K
$207.3K – $276.3K
NOI $16,580 @ 7.0% cap · market cap 7.06%
Theoretical Best
Warehouse
$2.54M
$2.22M – $2.96M
NOI $177,745 @ 7.0% cap · market cap 75.64%
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
253
Businesses Nearby
Explore this area
Business Placement
Demographics for 04330, ME
26,322
Population
13,017
Households
2
Avg Household Size
44
Median Age
28%
College-Educated
95%
High-School Grad
116.9 sq mi
ZIP Area
225
Density / Sq Mi
$55,158
Median Household Income
$43,177
Median Earnings
$912
Median Rent
$197,600
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 - Two 2-bedroom apartments with outdoor areas, off-street parking, and public utilities in Augusta.
Where is this duplex located?
The property is located at 4 Monroe Street Augusta, ME.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath apartments in a duplex configuration; 1,702 square feet on a 0.19‑acre lot; Constructed in 1876 with wood‑frame construction and vinyl siding
