6-Unit Apartment
64 Elm Street, Auburn, ME 04210
For Sale
$600,000
Six one-bedroom residences create a consistent unit mix in this multifamily property.
Property Size3,369 SF
Price / SF$178.09
Days on Market72
Property Features for 64 Elm Street
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
A Team Realty
Listed By:
Jonathan Keenan
(207) 747-9613
Source:
Hoangrealty
Added: Aug 31
Changed: Nov 8
Last Checked: Nov 10 at 4:00PM
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 A Team Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,369-square-foot apartment building contains six one-bedroom units. Constructed in 1800, the property offers a defined six-unit configuration within an existing multifamily building.
The property is at 64 Elm Street in Auburn, Maine, just off a highway and minutes from downtown. Shopping, dining, employment opportunities, and major transportation routes are also described as nearby.
The property is at 64 Elm Street in Auburn, Maine, just off a highway and minutes from downtown. Shopping, dining, employment opportunities, and major transportation routes are also described as nearby.
Key Highlights
- Six one‑bedroom apartments
- 3,369‑square‑foot building
- Built in 1800
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,571
Cap Rate
5.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$631,420
$631.4K
Cap Rate 7%
$451,014
$451.0K
Cap Rate 9%
$350,789
$350.8K
Market Conditions
NOI Build-Up for 3,369 SF
Gross rent
$58.2K $17.28/SF
− Vacancy
−$815 −$0.24/SF
EGI
$57.4K $17.04/SF
− OpEx
−$25.8K −$7.67/SF
NOI
$31.6K $9.37/SF
Area
Androscoggin County, ME
Vacancy
1.40%
Lease Rate
$17.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$631,420
Cap Rate 7%
$451,014
Cap Rate 9%
$350,789
Alternative Uses
Best Use
Apartment 5plus
$451.0K
$394.6K – $526.2K
NOI $31,571 @ 7.0% cap · market cap 5.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.05M
$916.8K – $1.22M
NOI $73,347 @ 7.0% cap · market cap 12.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
6
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
884
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Six one-bedroom residences create a consistent unit mix in this multifamily property.
Where is this apartment building located?
The property is located at 64 Elm Street Auburn, ME.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Six one‑bedroom apartments; 3,369‑square‑foot building; Built in 1800
