Six-Unit Multifamily
For Sale
$700,000
68 & 72 Mount Vernon Avenue, Augusta, ME 04330
Two multifamily buildings combine for a six-unit residential income property in Augusta.
Property Size5,290 SF
Price / SF$132.33
Days on Market37
Property Features for 68 & 72 Mount Vernon Avenue
General Information
Standard status
Active
Size
5,290 SF
Property subtype
Multi-family
Additional Details
Multifamily Units
6
Building Details
Year Built
1906
Buildings
2
Listing Agency:
Hoang Realty
Listed By:
Heidi Witham Hoa Hoang
(207) 707-2919
Source:
Profoundrealestate
Added: Sep 5
Changed: Oct 10
Last Checked: Oct 10 at 1:23AM
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 Hoang Realty
Investment Insights
Based on property information with market context.
This multifamily offering includes two residential buildings at 68 and 72 Mount Vernon Ave in Augusta, Maine. The 5,290-square-foot property contains six total units, with two units in the first building and four in the second.
Constructed in 1906, the bundled asset is positioned as a residential income property with both buildings included in the sale. The unit distribution provides a clear six-unit configuration across the two addresses.
Constructed in 1906, the bundled asset is positioned as a residential income property with both buildings included in the sale. The unit distribution provides a clear six-unit configuration across the two addresses.
Key Highlights
- Six total residential units across two buildings
- Two‑unit building at 68 Mount Vernon Ave
- Four‑unit building at 72 Mount Vernon Ave
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,077
Cap Rate
8.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,181,540
$1.2M
Cap Rate 7%
$843,957
$844.0K
Cap Rate 9%
$656,411
$656.4K
Market Conditions
NOI Build-Up for 5,290 SF
Gross rent
$85.7K $16.20/SF
− Vacancy
−$1.3K −$0.25/SF
EGI
$84.4K $15.95/SF
− OpEx
−$25.3K −$4.79/SF
NOI
$59.1K $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 Rate 5%
$1,181,540
Cap Rate 7%
$843,957
Cap Rate 9%
$656,411
Alternative Uses
Best Use
Multifamily LT 5
$844.0K
$738.5K – $984.6K
NOI $59,077 @ 7.0% cap · market cap 8.44%
Second Best
Apartment 5plus
$736.2K
$644.2K – $858.9K
NOI $51,533 @ 7.0% cap · market cap 7.36%
Theoretical Best
Warehouse
$7.89M
$6.91M – $9.21M
NOI $552,452 @ 7.0% cap · market cap 78.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
328
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Two multifamily buildings combine for a six-unit residential income property in Augusta.
Where is this multifamily property located?
The property is located at 68 & 72 Mount Vernon Avenue Augusta, ME.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Six total residential units across two buildings; Two‑unit building at 68 Mount Vernon Ave; Four‑unit building at 72 Mount Vernon Ave
