For Sale
$425,000
748 Riverside Drive, Augusta, ME 04330
MULTI_FAMILY - Colonial - Augusta, ME
Property Size2,970 SF
Lot Size2.35 Acres
Price / SF$143.10
Days on Market10
Property Features for 748 Riverside Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Res/Mixed Use
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Basement
Parking features
Offsite, Open
Patio and Porch features
Deck, Porch
Pets allowed
No
Interior features
In-Law Apartment, 1st Floor Bedroom, Attic, Bathtub, Shower, Primary Bedroom w/Bath
Basement
Walk-Out Access, Unfinished, Full
Lot features
Well Landscaped, Rolling/ Sloping, Open, Level, Near Shopping, Near Turnpike/ Interstate, Near Town, Rural, Near Public Transit
Standard status
Active
Size
2,970 SF
Lot size
2.35 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3497
Utilities
Sewer type
Septic Tank, Private Sewer
Heating system
Propane (Heating), Wood Stove, Wood, Oil, Forced Air
Water source
Well Needed, Public
Building Details
Year built
1910
Floors in Building
2
Number of units
2
Flooring type
Wood, Carpet, Vinyl
Building materials
Wood Frame, Shingle Siding, Wood Siding
Roof type
Shingle
Architectural style
Colonial
Listing Agency:
Pooley Realty Group
(207) 832-3011
Listed By:
Demetris Webster Jr
(772) 204-4369
Added: Aug 3
Changed: Aug 4
Last Checked: Aug 12 at 1:06PM
MLS# 1674638
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.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,168
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$663,360
$663.4K
Cap Rate 7%
$473,829
$473.8K
Cap Rate 9%
$368,533
$368.5K
Market Conditions
NOI Build-Up for 2,970 SF
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.
Gross rent
$48.1K $16.20/SF
− Vacancy
−$731 −$0.25/SF
EGI
$47.4K $15.95/SF
− OpEx
−$14.2K −$4.79/SF
NOI
$33.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$663,360
Cap Rate 7%
$473,829
Cap Rate 9%
$368,533
Alternative Uses
Best Use
Multifamily LT 5
$473.8K
$414.6K – $552.8K
NOI $33,168 @ 7.0% cap · market cap 7.80%
Second Best
Apartment 5plus
$413.3K
$361.7K – $482.2K
NOI $28,933 @ 7.0% cap · market cap 6.81%
Theoretical Best
Warehouse
$4.43M
$3.88M – $5.17M
NOI $310,167 @ 7.0% cap · market cap 72.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
37
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
Where is this duplex located?
The property is located at 748 Riverside Drive Augusta, ME.
What is the asking price?
The asking price for this property is $425,000.
