Duplex with In-Unit
86B Fourth Street, Auburn, ME 04210
For Sale
$389,900
Both residences include off-street parking and private laundry facilities.
Property Size2,178 SF
Price / SF$179.02
Days on Market166
Property Features for 86B Fourth Street
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
off street parking
in unit laundry
Building Details
Building Size
Year Built
Listing Agency:
Keller Williams Realty
Listed By:
Melissa Richter
(207) 450-9090
Source:
Hoangrealty
Added: May 28
Changed: Nov 8
Last Checked: Nov 8 at 9:12PM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
This 2,178-square-foot duplex in Auburn contains two three-bedroom residences. Built in 1889, the property has in-unit laundry and off-street parking. Improvements include a new roof and furnace, along with updates to the basement stairs, paint, flooring, lighting, and electrical systems.
A walk-up attic offers additional space, with any plans for its use subject to confirmation with the local code office.
A walk-up attic offers additional space, with any plans for its use subject to confirmation with the local code office.
Key Highlights
- Two three‑bedroom residences in a 2,178‑square‑foot duplex
- Off‑street parking and in‑unit laundry
- Built in 1889
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,482
Cap Rate
5.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$429,640
$429.6K
Cap Rate 7%
$306,886
$306.9K
Cap Rate 9%
$238,689
$238.7K
Market Conditions
NOI Build-Up for 2,178 SF
Gross rent
$31.1K $14.28/SF
− Vacancy
−$414 −$0.19/SF
EGI
$30.7K $14.09/SF
− OpEx
−$9.2K −$4.23/SF
NOI
$21.5K $9.86/SF
Area
Androscoggin County, ME
Vacancy
1.33%
Lease Rate
$14.28 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$429,640
Cap Rate 7%
$306,886
Cap Rate 9%
$238,689
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
Office A
$677.4K
$592.7K – $790.3K
NOI $47,417 @ 7.0% cap · market cap 12.16%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
343
Businesses Nearby
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Business Placement
Demographics for 04210, ME
24,061
Population
11,113
Households
2.2
Avg Household Size
42
Median Age
29%
College-Educated
92%
High-School Grad
59.3 sq mi
ZIP Area
406
Density / Sq Mi
$66,552
Median Household Income
$42,624
Median Earnings
$983
Median Rent
$254,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Auburn, ME
Properties on Market for Duplexes in Auburn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences include off-street parking and private laundry facilities.
Where is this duplex located?
The property is located at 86B 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 three‑bedroom residences in a 2,178‑square‑foot duplex; Off‑street parking and in‑unit laundry; Built in 1889
