Duplex with Side
For Sale
$199,900
9 Jefferson Street, Augusta, ME 04330
Both residences will be vacant at closing and have separate utility service.
Property Size1,640 SF
Price / SF$121.89
Days on Market207
Property Features for 9 Jefferson Street
General Information
Standard status
Active
Size
1,640 SF
Property subtype
Multi Family Home
Zoning
RC
Taxes and HOA fees
Annual Taxes
$1,901
Building Details
Building Size
1,640 SF
Year Built
1917
Stories
2
Units
2
Listing Agency:
Engel & Volkers Casco Bay
(207) 833-0500
Listed By:
Tyler Tibbetts
(207) 331-6255
Source:
Integrityhomesrealestategroup
Added: Apr 9
Changed: Oct 30
Last Checked: Oct 30 at 1:48AM
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 Engel & Volkers Casco Bay
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,640-square-foot duplex, built in 1917, contains two residences: one with three bedrooms and one with two. Each unit has a full bathroom and a side porch. The building received exterior painting, and a boiler was installed in 2024; the mechanical systems have also been regularly maintained.
The units will be vacant at closing. Utility service is separately metered, with tenants responsible for utilities other than water and sewer. The owner currently takes care of lawn maintenance.
The units will be vacant at closing. Utility service is separately metered, with tenants responsible for utilities other than water and sewer. The owner currently takes care of lawn maintenance.
Key Highlights
- Two units: one with 3 bedrooms and one with 2
- 1,640 square feet; built in 1917
- Each unit has a full bathroom and a side porch
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,315
Cap Rate
9.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$366,300
$366.3K
Cap Rate 7%
$261,643
$261.6K
Cap Rate 9%
$203,500
$203.5K
Market Conditions
NOI Build-Up for 1,640 SF
Gross rent
$26.6K $16.20/SF
− Vacancy
−$404 −$0.25/SF
EGI
$26.2K $15.95/SF
− OpEx
−$7.8K −$4.79/SF
NOI
$18.3K $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 Rate 5%
$366,300
Cap Rate 7%
$261,643
Cap Rate 9%
$203,500
Alternative Uses
Best Use
Multifamily LT 5
$261.6K
$228.9K – $305.3K
NOI $18,315 @ 7.0% cap · market cap 9.16%
Second Best
Apartment 5plus
$228.2K
$199.7K – $266.3K
NOI $15,976 @ 7.0% cap · market cap 7.99%
Theoretical Best
Warehouse
$2.45M
$2.14M – $2.85M
NOI $171,270 @ 7.0% cap · market cap 85.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
186
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
Frequently Asked Questions
What type of property is this?
Duplex - Both residences will be vacant at closing and have separate utility service.
Where is this duplex located?
The property is located at 9 Jefferson Street Augusta, ME.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Two units: one with 3 bedrooms and one with 2; 1,640 square feet; built in 1917; Each unit has a full bathroom and a side porch
