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Augusta Two-Unit Multifamily Property

9 Morton Place, Augusta, ME 04330

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For Sale

$315,000

MULTI_FAMILY - Colonial - Augusta, ME

Property size:

2,100 SF

Lot size:

0.10 Acres

Price / SF:

$150/SF

HighLights

Two‑unit property with a 1st floor bedroom and a basement
First‑floor unit can be owner‑occupied (left vacant for sale); top‑floor unit has long‑standing tenants
Both units have new heating and hot water systems
Exterior recently sided and painted
Public water and public sewer
Wood frame construction; shingle roof; colonial architectural style; flooring includes wood, vinyl, and carpet

We can help!

Contact an agent

Tyler Hall

For Sale

$315,000

MULTI_FAMILY - Colonial - Augusta, ME

Property size:

2,100 SF

Lot size:

0.10 Acres

Price / SF:

$150/SF

Added:: May 26, 2026
Days on Market:: 44
Last Refresh:: Jul 8 at 7:06 pm

Property Features for 9 Morton Place

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: Residential
Bathrooms: 2
Rooms: Bathroom 1, Basement, Bathroom 2
Patio and Porch features: Porch
Interior features: 1st Floor Bedroom
Basement: Full, Walk-Out Access
Standard status: Active
Size: 2,100 SF
Lot size: 0.10 Acres

Taxes and HOA fees

Tax Year: 2022
Tax Annual Amount: 1471

Utilities

Sewer type: Public Sewer
Heating system: Kerosene, Oil, Forced Air
Water source: Public

Building Details

Year built: 1900
Floors in Building: 2
Number of units: 2
Flooring type: Wood, Carpet, Vinyl
Building materials: Wood Frame, Asbestos
Roof type: Shingle
Architectural style: Colonial

We can help!

Contact an agent

Tyler Hall

Listing agent Tyler Hall

Listing office Keller Williams Realty 35 Cumberland Street, Portland, ME

Listing date May 26, 2026

MLS# 1662195 Listing URL

HighLights

Two‑unit property with a 1st floor bedroom and a basement
First‑floor unit can be owner‑occupied (left vacant for sale); top‑floor unit has long‑standing tenants
Both units have new heating and hot water systems
Exterior recently sided and painted
Public water and public sewer
Wood frame construction; shingle roof; colonial architectural style; flooring includes wood, vinyl, and carpet

Overview

This two-unit multifamily property is suitable for either a homeowner or landlord. The first-floor unit is currently vacant to accommodate an owner-occupier, but management can fill the unit before the sale if needed. The top floor unit has long-term tenants who pay market rate. Both units feature new heating and hot water systems. The building has been recently sided and painted. It is located in a quiet neighborhood, close to Augusta's Water Street. The property includes a home warranty. The property size is 2100 square feet and the lot size is 0.1 acres. The property is zoned for residential use.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$34.0k	$16.20
− Vacancy	−$517	−$0.25
EGI	$33.5k	$15.95
− OpEx	−$10.1k	−$4.79
NOI	$23.5k	$11.17

2,100 SF · lease $16.20/SF/yr · vacancy 1.52% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$335.0K

$293.2K – $390.9K (±1% cap)

NOI $23,452 @ 7.0% cap · market cap 7.45%

Second Best

Apartment 5plus

$292.2K

$255.7K – $341.0K (±1% cap)

NOI $20,457 @ 7.0% cap · market cap 6.49%

Theoretical Best

Warehouse

$3.13M

$2.74M – $3.66M (±1% cap)

NOI $219,310 @ 7.0% cap · market cap 69.62%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Augusta
County: Kennebec
State: Maine
Longitude: -69.77446
Latitude: 44.319939

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For sale
Duplexes
ME
Augusta
04330
9 Morton Place

What type of property is this?

Duplex - Two-unit multifamily property in a quiet Augusta neighborhood.

Where is this duplex located?

The property is located at 9 Morton Place Augusta, ME.

What is the asking price?

The asking price for this property is $315,000.

What are key features of this property?

This property features: Two‑unit property with a 1st floor bedroom and a basement; First‑floor unit can be owner‑occupied (left vacant for sale); top‑floor unit has long‑standing tenants; Both units have new heating and hot water systems

9 Morton Place, Augusta, ME 04330

MULTI_FAMILY - Colonial - Augusta, ME

Property Features for 9 Morton Place

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Multi-Suite Office Building

Two-Story Professional Office Building

Flexible Multi-Use Commercial Building

Two-Building Mixed-Use Commercial Property

Profitable Monument Business Opportunity

Two-Story Office Building with Entrance

Office and Short-Term Rental Property

Versatile Live-Work Commercial Property

Augusta Commercial Property Overlooking River

Four-Unit Residential Income Property

Mixed-Use Augusta Historic District Property

Versatile Mixed-Use Property in Augusta

FAQs