Renovated Two-Unit
52 James Street Auburn, ME 04210
New
For Sale
$399,000
Pending
Turnkey two-unit duplex with newly renovated kitchens and bathrooms, currently vacant and ready for new occupancy.
Property Size1,721 SF
Days on Market5
Property Features for 52 James Street
General Information
- Standard status
- Pending
- Size
- 1,721 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1918
Listing Agency:
American Real Estate
(207) 632-9523
Listed By:
Mushreq Alsamraee
(207) 632-9523
Source:
Compass
Added: Jul 20
Changed: Jul 21
Last Checked: Jul 23 at 7:56AM
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
Investment Insights
Based on property information with market context.
This beautifully renovated two-unit duplex has been updated throughout and is being offered as a turnkey property. Improvements include a new roof, new siding, a new driveway, new flooring, and new doors. Electrical work includes new electrical panels with service, and both units have renovated kitchens and updated bathrooms.
The property is located in a quiet Auburn neighborhood. Both units are currently vacant, providing flexibility for a new owner to set rents immediately or select their own tenants.
As a fully renovated duplex, the layout is designed to support independent occupancy in two separate units within the same building.
The property is located in a quiet Auburn neighborhood. Both units are currently vacant, providing flexibility for a new owner to set rents immediately or select their own tenants.
As a fully renovated duplex, the layout is designed to support independent occupancy in two separate units within the same building.
Key Highlights
- Two‑unit duplex built in 1918 with both units currently vacant and ready for new occupancy
- Renovations include new roof, new siding, new driveway, new flooring, and renovated kitchens and bathrooms
- Electrical updates include new electrical panels with service, plus new doors and updated fixtures
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 | $24.6k | $14.28 |
| − Vacancy | −$327 | −$0.19 |
| EGI | $24.2k | $14.09 |
| − OpEx | −$7.3k | −$4.23 |
| NOI | $17.0k | $9.86 |
1,721 SF · lease $14.28/SF/yr · vacancy 1.33% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$242.5K
$212.2K – $282.9K
NOI $16,974 @ 7.0% cap · market cap 4.25%
Second Best
Apartment 5plus
$230.4K
$201.6K – $268.8K
NOI $16,127 @ 7.0% cap · market cap 4.04%
Theoretical Best
Warehouse
$3.06M
$2.67M – $3.57M
NOI $213,964 @ 7.0% cap · market cap 53.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Turnkey two-unit duplex with newly renovated kitchens and bathrooms, currently vacant and ready for new occupancy.
Where is this duplex located?
The property is located at 52 James Street Auburn, ME.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Two‑unit duplex built in 1918 with both units currently vacant and ready for new occupancy; Renovations include new roof, new siding, new driveway, new flooring, and renovated kitchens and bathrooms; Electrical updates include new electrical panels with service, plus new doors and updated fixtures
