Two-Unit Multifamily
86 Fourth Street, Auburn, ME 04210
New
MULTI_FAMILY - Other - Auburn, ME
Property size:
2,178 SFLot size:
0.11 AcresPrice / SF:
$179/SF- Added:
- Jun 2, 2026
- Days on Market:
- 1
- Last Refresh:
- Jun 2 at 8:06 pm
Property Features for 86 Fourth Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Mixed
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1, Basement
- Parking features
- Off Street
- Patio and Porch features
- Porch
- Interior features
- Shower
- Basement
- Unfinished
- Standard status
- Active
- Size
- 2,178 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3487
Utilities
- Sewer type
- Public Sewer
- Heating system
- Steam, Oil, Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1889
- Floors in Building
- 3
- Number of units
- 2
- Flooring type
- Wood, Tile, Vinyl
- Building materials
- Wood Frame, Vinyl Siding
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Melissa Richter (207) 450-9090
Listing office Keller Williams Realty 50 Sewall Street, Portland, ME (207) 879-9800
Listing date Jun 2, 2026
MLS# 1664230
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
- Two‑unit home with in‑unit laundry and three‑bedroom units, offering options for investors and owner‑occupants.
- Upgrades noted: new roof, new furnace, and basement stairs, plus paint, flooring, lighting, and electrical upgrades.
- Built in 1889 with wood frame construction and vinyl siding; shingle roof.
- Heating includes steam and oil, with hot water (heating).
- Utilities: public water and public sewer; off‑street parking available.
- Room features include a porch and basement; potential to expand into the walk‑up attic (confirm plans with the code office).
Overview
This two-unit multifamily residence offers generous living space in a duplex-style layout, with three-bedroom units and in-unit laundry. The property includes off-street parking and notable recent improvements, including a new roof, new furnace, new basement stairs, along with paint, flooring, lighting, and electrical upgrades. There is also potential to expand into the walk-up attic, subject to confirming plans with the code office.
Located in desirable Auburn, the home is described as being close to amenities and features an off-street parking setup for day-to-day convenience. The listing also notes that the sale is being offered at a reduced price without the adjacent extra lot.
With a solid rental history and the option for either investment ownership or owner-occupancy, this property fits a range of buyer strategies. Owner-occupants may be able to offset their housing costs with rental income, while investors can value the turnkey nature of the recent updates and the possibility to add finished space in the attic if permitted.
Located in desirable Auburn, the home is described as being close to amenities and features an off-street parking setup for day-to-day convenience. The listing also notes that the sale is being offered at a reduced price without the adjacent extra lot.
With a solid rental history and the option for either investment ownership or owner-occupancy, this property fits a range of buyer strategies. Owner-occupants may be able to offset their housing costs with rental income, while investors can value the turnkey nature of the recent updates and the possibility to add finished space in the attic if permitted.
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 | $31.1k | $14.28 |
| − Vacancy | −$414 | −$0.19 |
| EGI | $30.7k | $14.09 |
| − OpEx | −$9.2k | −$4.23 |
| NOI | $21.5k | $9.86 |
2,178 SF · lease $14.28/SF/yr · vacancy 1.33% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$306.9K
$268.5K – $358.0K
NOI $21,482 @ 7.0% cap · market cap 5.51%
Second Best
Apartment 5plus
$291.6K
$255.1K – $340.2K
NOI $20,410 @ 7.0% cap · market cap 5.23%
Theoretical Best
Warehouse
$3.87M
$3.38M – $4.51M
NOI $270,780 @ 7.0% cap · market cap 69.45%
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
- -70.22018
- Latitude
- 44.084741
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Two spacious units with in-unit laundry, off-street parking, and recent upgrades, offering strong options for investors or owner-occupants.
Where is this duplex located?
The property is located at 86 Fourth Street Auburn, ME.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: Two‑unit home with in‑unit laundry and three‑bedroom units, offering options for investors and owner‑occupants.; Upgrades noted: new roof, new furnace, and basement stairs, plus paint, flooring, lighting, and electrical upgrades.; Built in 1889 with wood frame construction and vinyl siding; shingle roof.
