Two-Unit Colonial
New
For Sale
$299,000
49 Newbury Street, Auburn, ME 04210
Multi-Family, Auburn, ME
Property Size1,550 SF
Lot Size0.22 Acres
Price / SF$192.90
Days on Market4
Property Features for 49 Newbury Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Traditional Downtown
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bathroom 1, Bathroom 2
Patio and Porch features
Porch
Basement
Unfinished
Lot features
Rolling/ Sloping, Open, Sidewalks, Intown, Near Shopping, Near Turnpike/ Interstate
Standard status
Active
Size
1,550 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3878
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Baseboard, Oil
Water source
Public
Amenities
shared laundry room
Building Details
Year built
1920
Number of units
2
Flooring type
Wood, Laminate
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Colonial
Listing Agency:
Maine Source Realty
(207) 333-6001
Listed By:
Brandon Caruso
(610) 883-3465
Added: Aug 19
Changed: Aug 20
Last Checked: Aug 22 at 6:06AM
MLS# 1676796
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 1,550-square-foot Colonial duplex, built in 1920, contains two 2-bedroom, 1-bath residences. The wood-frame building has vinyl siding, wood and laminate flooring, a shingle roof, and a porch. Each unit has its own parking driveway, while a shared laundry room serves the property. Heating is provided by oil-fired baseboard hot water, and the units share heat and hot water costs. Tenants are responsible for their individual electricity use, and both leases are currently month to month. The property sits on 0.22 acres with public water and public sewer service. Optional property management is already in place, and zoning is Traditional Downtown.
Key Highlights
- Two 2‑bedroom, 1‑bath units in a 1,550‑square‑foot duplex
- 0.22‑acre property at 49 Newbury Street, Auburn, ME 04210
- Each unit has its own parking driveway
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
$15,288
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
5.11%
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%
$305,760
$305.8K
Cap Rate 7%
$218,400
$218.4K
Cap Rate 9%
$169,867
$169.9K
Market Conditions
NOI Build-Up for 1,550 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
$22.1K $14.28/SF
− Vacancy
−$294 −$0.19/SF
EGI
$21.8K $14.09/SF
− OpEx
−$6.6K −$4.23/SF
NOI
$15.3K $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%
$305,760
Cap Rate 7%
$218,400
Cap Rate 9%
$169,867
Alternative Uses
Best Use
Multifamily LT 5
$218.4K
$191.1K – $254.8K
NOI $15,288 @ 7.0% cap · market cap 5.11%
Second Best
Apartment 5plus
$207.5K
$181.6K – $242.1K
NOI $14,525 @ 7.0% cap · market cap 4.86%
Theoretical Best
Warehouse
$2.75M
$2.41M – $3.21M
NOI $192,704 @ 7.0% cap · market cap 64.45%
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
1,300
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 - Colonial duplex with separate driveways, shared laundry, and public water and sewer service.
Where is this duplex located?
The property is located at 49 Newbury Street Auburn, ME.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath units in a 1,550‑square‑foot duplex; 0.22‑acre property at 49 Newbury Street, Auburn, ME 04210; Each unit has its own parking driveway
