Two-Unit Residential Income
86B Fourth Street, Auburn, ME 04210
New
MULTI_FAMILY - Other - Auburn, ME
Property size:
2,178 SFLot size:
0.23 AcresPrice / SF:
$190/SF- Added:
- Jun 2, 2026
- Days on Market:
- 1
- Last Refresh:
- Jun 2 at 5:06 pm
Property Features for 86B 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
- Basement
- Unfinished
- Standard status
- Active
- Size
- 2,178 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3487
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard, 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# 1658934
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
- 2‑unit home on a double lot, built in 1889
- Upgrades include a new roof and new furnace, plus new basement stairs and electrical/lighting updates
- Heating includes oil with hot water baseboard heat
- Public utilities: public water and public sewer
- Off‑street parking and a porch
- In‑unit laundry; potential to expand into the walk‑up attic or build on the extra lot (confirm with the code office)
Overview
This two-unit duplex offers generous living space with three-bedroom units and in-unit laundry. The property sits on a double lot and includes off-street parking, making day-to-day living straightforward for both residents and renters. Recent improvements include a new roof, new furnace, new basement stairs, along with paint, flooring, lighting, and electrical upgrades, helping provide a turn-key option for a new owner.
Conveniently close to local amenities, the home presents an appealing combination of comfort and practicality. With the flexibility of the double-lot setup, there is also the potential to expand into the walk-up attic or to build on the additional lot, subject to confirmation of any plans with the code office.
Designed to work for a range of buyers, the configuration supports both investor ownership and owner-occupant scenarios. The existing rental history and the ability to add future space through attic expansion or additional development make this a strong opportunity for buyers focused on long-term value and flexible use.
Conveniently close to local amenities, the home presents an appealing combination of comfort and practicality. With the flexibility of the double-lot setup, there is also the potential to expand into the walk-up attic or to build on the additional lot, subject to confirmation of any plans with the code office.
Designed to work for a range of buyers, the configuration supports both investor ownership and owner-occupant scenarios. The existing rental history and the ability to add future space through attic expansion or additional development make this a strong opportunity for buyers focused on long-term value and flexible use.
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 5.18%
Second Best
Apartment 5plus
$291.6K
$255.1K – $340.2K
NOI $20,410 @ 7.0% cap · market cap 4.92%
Theoretical Best
Warehouse
$3.87M
$3.38M – $4.51M
NOI $270,780 @ 7.0% cap · market cap 65.25%
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
- -70.220291
- Latitude
- 44.084755
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Well-maintained two-unit home with three-bedroom layouts, in-unit laundry, off-street parking, and recent major upgrades.
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 $415,000.
What are key features of this property?
This property features: 2‑unit home on a double lot, built in 1889; Upgrades include a new roof and new furnace, plus new basement stairs and electrical/lighting updates; Heating includes oil with hot water baseboard heat
