Two-Unit Residential Income
7 Grove Street Auburn, ME 04210
New
7 Grove Street, Auburn, ME, 04210
$329,999
For Sale
$329,999
MULTI_FAMILY - Auburn, ME
Property Size2,268 SF
Lot Size0.15 Acres
Price / SF$145.50
Days on Market3
Property Features for 7 Grove Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- GB
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Basement
- Patio and Porch features
- Porch, Deck
- Pets allowed
- No
- Interior features
- Walk-in Closets, 1st Floor Bedroom, 1st Floor Primary Bedroom w/Bath, Attic, Bathtub
- Basement
- Full, Unfinished
- Standard status
- Active
- Size
- 2,268 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4869
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Steam
- Water source
- Public
Building Details
- Year built
- 1920
- Number of units
- 2
- Flooring type
- Vinyl, Wood, Carpet, Tile - Ceramic
- Building materials
- Wood Frame, Asbestos
- Roof type
- Shingle
Listing Agency
Coldwell Banker Realty
(207) 773-1990
163 Fore St Ste B, Saco, ME
Listed by
Michael Cloutier
(207) 808-9488
Added: Jul 15 Checked: Jul 17 at 12:06 am
MLS# 1664023
Listing URL
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-unit residential income property offers two separate units within a duplex configuration. The first-floor unit is owner occupied and includes two bedrooms and two full bathrooms, with a primary master suite and an updated kitchen, dining room, living room, and both bathrooms and bedrooms. The upper unit was renovated in 2022 and provides two bedrooms and one full bathroom, along with laundry hookup. A washer and dryer in unit 1 will convey with the sale.
The property includes two paved driveways that accommodate up to six cars. The back yard has been leveled and new walkway pavers were installed.
Set on a 0.15-acre lot, this residential duplex is listed as zoned GB and is located in Auburn, Maine, close to amenities available in the city.
The property includes two paved driveways that accommodate up to six cars. The back yard has been leveled and new walkway pavers were installed.
Set on a 0.15-acre lot, this residential duplex is listed as zoned GB and is located in Auburn, Maine, close to amenities available in the city.
Key Highlights
- Two‑unit property in Auburn built in 1920
- First‑floor unit is owner‑occupied with 2 bedrooms and 2 full baths, including 1st floor primary with bath
- Upper unit renovated in 2022 offers 2 bedrooms and 1 full bath with laundry hookup
Local 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 | $32.4k | $14.28 |
| − Vacancy | −$431 | −$0.19 |
| EGI | $32.0k | $14.09 |
| − OpEx | −$9.6k | −$4.23 |
| NOI | $22.4k | $9.86 |
2,268 SF · lease $14.28/SF/yr · vacancy 1.33% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$319.6K
$279.6K – $372.8K
NOI $22,369 @ 7.0% cap · market cap 6.78%
Second Best
Apartment 5plus
$303.6K
$265.7K – $354.2K
NOI $21,253 @ 7.0% cap · market cap 6.44%
Theoretical Best
Warehouse
$4.03M
$3.52M – $4.70M
NOI $281,970 @ 7.0% cap · market cap 85.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-unit residential duplex features a renovated upper unit, updated first-floor interiors, and two paved driveways.
Where is this duplex located?
The property is located at 7 Grove Street Auburn, ME.
What is the asking price?
The asking price for this property is $329,999.
What are key features of this property?
This property features: Two‑unit property in Auburn built in 1920; First‑floor unit is owner‑occupied with 2 bedrooms and 2 full baths, including 1st floor primary with bath; Upper unit renovated in 2022 offers 2 bedrooms and 1 full bath with laundry hookup
