6-Unit Apartment
New
For Sale
$700,000
6872 68 & 72 Mount Vernon Ave, Augusta, ME 04330
Two buildings combine a six-unit residential income property in Augusta.
Property Size5,290 SF
Price / SF$132.33
Days on Market7
Property Features for 6872 68 & 72 Mount Vernon Ave
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:
603luxury
Added: Sep 30
Changed: Oct 4
Last Checked: Oct 5 at 11:23PM
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 apartment buildings with a combined 5,290 square feet. The 68 Mount Vernon Avenue building contains 2 units, and the 72 Mount Vernon Avenue building contains 4 units. Both structures were built in 1906.
Key Highlights
- Two‑building package with 6 units total
- 68 Mount Vernon Avenue building has 2 units
- 72 Mount Vernon Avenue building has 4 units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,533
Cap Rate
7.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,030,660
$1.0M
Cap Rate 7%
$736,186
$736.2K
Cap Rate 9%
$572,589
$572.6K
Market Conditions
NOI Build-Up for 5,290 SF
Gross rent
$95.2K $18.00/SF
− Vacancy
−$1.5K −$0.29/SF
EGI
$93.7K $17.71/SF
− OpEx
−$42.2K −$7.97/SF
NOI
$51.5K $9.74/SF
Area
Kennebec County, ME
Vacancy
1.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,030,660
Cap Rate 7%
$736,186
Cap Rate 9%
$572,589
Alternative Uses
Best Use
Apartment 5plus
$736.2K
$644.2K – $858.9K
NOI $51,533 @ 7.0% cap · market cap 7.36%
Second Best
—
—
no second resolved use
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
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
106
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Two buildings combine a six-unit residential income property in Augusta.
Where is this apartment building located?
The property is located at 6872 68 & 72 Mount Vernon Ave 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: Two‑building package with 6 units total; 68 Mount Vernon Avenue building has 2 units; 72 Mount Vernon Avenue building has 4 units
