Two-Unit Duplex
5 Cedar Court Augusta, ME 04330
5 Cedar Court, Augusta, ME, 04330
$259,000
For Sale
$259,000
New Englander-style duplex with two two-bedroom units and off-street parking via a large driveway.
Property Size1,884 SF
Price / SF$137.47
Days on Market140
Property Features for 5 Cedar Court
General Information
- Standard status
- Active
- Size
- 1,884 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1911
Listing agency
Real Broker
(207) 312-3892
Listed by
Seth Blanchette
(207) 312-3892
Source
Compass
Added: Mar 3 Updated: Jul 21 at 6:53AM Checked: Jul 21 at 6:53AM
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 Real Broker
Investment Insights
Based on property information with market context.
This New Englander-style duplex in Augusta offers two spacious two-bedroom units within a total of 1,884 square feet of living space. Each unit is designed with a functional layout that supports comfortable day-to-day use.
A large driveway provides ample off-street parking for tenants and guests, supporting convenient arrivals and day-to-day operations.
The property is well suited for a variety of residential income strategies, including owner-occupancy with rental support, given the presence of two separate, full-size units on the duplex configuration.
A large driveway provides ample off-street parking for tenants and guests, supporting convenient arrivals and day-to-day operations.
The property is well suited for a variety of residential income strategies, including owner-occupancy with rental support, given the presence of two separate, full-size units on the duplex configuration.
Key Highlights
- New Englander‑style duplex built in 1911 with 2 two‑bedroom units
- Total of 1,884 sq ft of living space across both units
- Two total bathrooms; each unit offers a functional interior layout with 1st‑floor bedroom and shower
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.5k | $16.20 |
| − Vacancy | −$464 | −$0.25 |
| EGI | $30.1k | $15.95 |
| − OpEx | −$9.0k | −$4.79 |
| NOI | $21.0k | $11.17 |
1,884 SF · lease $16.20/SF/yr · vacancy 1.52% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$300.6K
$263.0K – $350.7K
NOI $21,040 @ 7.0% cap · market cap 8.12%
Second Best
Apartment 5plus
$262.2K
$229.4K – $305.9K
NOI $18,353 @ 7.0% cap · market cap 7.09%
Theoretical Best
Warehouse
$2.81M
$2.46M – $3.28M
NOI $196,752 @ 7.0% cap · market cap 75.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - New Englander-style duplex with two two-bedroom units and off-street parking via a large driveway.
Where is this duplex located?
The property is located at 5 Cedar Court Augusta, ME.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: New Englander‑style duplex built in 1911 with 2 two‑bedroom units; Total of 1,884 sq ft of living space across both units; Two total bathrooms; each unit offers a functional interior layout with 1st‑floor bedroom and shower
