Updated Two-Unit
7 Cross St, Augusta, ME 04330
For Sale
$229,999
Fully occupied duplex with refreshed interiors, separate living spaces, and in-unit laundry hookups for each residence.
Property Size1,407 SF
Price / SF$163.47
Days on Market52
Property Features for 7 Cross St
General Information
Standard status
Size
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Amenities
washer/dryer hookups
Building Details
Year Built
Listing Agency:
Coldwell Banker Plourde Real Estate
Listed By:
Amy Pottle
(207) 314-7180
Source:
Aroostookrealestate
Added: Sep 16
Changed: Oct 25
Last Checked: Oct 7 at 1:15PM
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 Coldwell Banker Plourde Real Estate
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Investment Insights
Based on property information with market context.
Built in 1859, this fully occupied duplex contains an upper residence and a lower residence. Each unit has two bedrooms, one full bathroom, a separate living room, and a kitchen, creating a straightforward two-unit layout. Washer and dryer hookups are provided in both units. Recent work includes updated flooring and all-new double-pane windows, with additional improvements completed throughout the property.
The property is located in Augusta near interstate access, shopping centers, grocery stores, a hospital, and local dining. Refrigerators and stoves in both units convey with the sale, along with the upstairs washer and dryer.
The property is located in Augusta near interstate access, shopping centers, grocery stores, a hospital, and local dining. Refrigerators and stoves in both units convey with the sale, along with the upstairs washer and dryer.
Key Highlights
- Two‑unit duplex with one upper and one lower residence
- Each unit includes 2 bedrooms, 1 full bath, living room, and kitchen
- Washer and dryer hookups in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,713
Cap Rate
6.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$314,260
$314.3K
Cap Rate 7%
$224,471
$224.5K
Cap Rate 9%
$174,589
$174.6K
Market Conditions
NOI Build-Up for 1,407 SF
Gross rent
$22.8K $16.20/SF
− Vacancy
−$346 −$0.25/SF
EGI
$22.4K $15.95/SF
− OpEx
−$6.7K −$4.79/SF
NOI
$15.7K $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%
$314,260
Cap Rate 7%
$224,471
Cap Rate 9%
$174,589
Alternative Uses
Best Use
Multifamily LT 5
$224.5K
$196.4K – $261.9K
NOI $15,713 @ 7.0% cap · market cap 6.83%
Second Best
Apartment 5plus
$195.8K
$171.3K – $228.4K
NOI $13,706 @ 7.0% cap · market cap 5.96%
Theoretical Best
Warehouse
$2.10M
$1.84M – $2.45M
NOI $146,938 @ 7.0% cap · market cap 63.89%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
905
Businesses Nearby
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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
$197,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Kennebec County, ME
Properties on Market for Duplexes in Kennebec County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied duplex with refreshed interiors, separate living spaces, and in-unit laundry hookups for each residence.
Where is this duplex located?
The property is located at 7 Cross St Augusta, ME.
What is the asking price?
The asking price for this property is $229,999.
What are key features of this property?
This property features: Two‑unit duplex with one upper and one lower residence; Each unit includes 2 bedrooms, 1 full bath, living room, and kitchen; Washer and dryer hookups in both units
