Renovated Two-Unit
7 Grove Street, Auburn, ME 04210
New
MULTI_FAMILY - Auburn, ME
Property size:
2,268 SFLot size:
0.15 AcresPrice / SF:
$169/SF- Added:
- Jun 2, 2026
- Days on Market:
- 1
- Last Refresh:
- Jun 2 at 6:06 pm
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
- Deck, Porch
- 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
- Tile - Ceramic, Vinyl, Carpet, Wood
- Building materials
- Wood Frame, Asbestos
- Roof type
- Shingle
Listing agent Michael Cloutier (207) 808-9488
Listing office Coldwell Banker Realty 163 Fore St Ste B, Saco, ME (207) 773-1990
Listing date Jun 2, 2026
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.
HighLights
- Spacious 2‑unit multifamily in Auburn with 2 bedrooms and 2 full baths on the first floor (owner occupied).
- Upper unit renovated in 2022 with 2 bedrooms, 1 full bath, and laundry.
- Updated kitchen, dining room, living room, and both bathrooms and bedrooms in the first‑floor unit.
- Two paved driveways providing parking for up to 6 cars.
- Back yard has been leveled with new walkway pavers installed.
- Built in 1920; heating includes natural gas steam; public water and public sewer.
Overview
This spacious two-unit duplex offers a practical, well-finished layout with clear separation between the first-floor and upper residences. The first-floor unit is owner occupied and features two bedrooms and two full bathrooms, along with an updated kitchen, dining room, and living room. The upper unit was renovated in 2022 and includes two bedrooms, one full bathroom, and laundry inside the unit.
Outside, the property provides two paved driveways sized to accommodate up to six cars. The back yard has been leveled, and new walkway pavers have been installed, improving day-to-day access and outdoor usability. The home is located close to what Auburn has to offer, providing convenient everyday proximity to local amenities. Zoning is listed as GB.
This property is a strong fit for buyers seeking a two-family with meaningful interior updates and in-unit laundry, plus easy parking and usable outdoor space. It may also appeal to owner-occupants who want rental income while living in a renovated first-floor unit, with the flexibility to maintain a straightforward two-unit rental strategy.
Outside, the property provides two paved driveways sized to accommodate up to six cars. The back yard has been leveled, and new walkway pavers have been installed, improving day-to-day access and outdoor usability. The home is located close to what Auburn has to offer, providing convenient everyday proximity to local amenities. Zoning is listed as GB.
This property is a strong fit for buyers seeking a two-family with meaningful interior updates and in-unit laundry, plus easy parking and usable outdoor space. It may also appeal to owner-occupants who want rental income while living in a renovated first-floor unit, with the flexibility to maintain a straightforward two-unit rental strategy.
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 5.81%
Second Best
Apartment 5plus
$303.6K
$265.7K – $354.2K
NOI $21,253 @ 7.0% cap · market cap 5.52%
Theoretical Best
Warehouse
$4.03M
$3.52M – $4.70M
NOI $281,970 @ 7.0% cap · market cap 73.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Auburn
- County
- Androscoggin
- State
- Maine
- Longitude
- -70.226078
- Latitude
- 44.104305
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Updated two-unit configuration with in-unit laundry, two driveways, and outdoor improvements for comfortable long-term income potential.
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 $385,000.
What are key features of this property?
This property features: Spacious 2‑unit multifamily in Auburn with 2 bedrooms and 2 full baths on the first floor (owner occupied).; Upper unit renovated in 2022 with 2 bedrooms, 1 full bath, and laundry.; Updated kitchen, dining room, living room, and both bathrooms and bedrooms in the first‑floor unit.
