3-Unit Apartment Building with
91 Minot Avenue, Auburn, ME 04210
For Sale
$445,000
Three refreshed apartments include separate laundry hookups, with two units featuring updated kitchens.
Property Size3,460 SF
Price / SF$128.61
Days on Market171
Property Features for 91 Minot Avenue
General Information
Standard status
Size
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Taxes and HOA fees
Annual Taxes
Amenities
laundry hookups
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Legacy Properties Sotheby's International Realty
(207) 729-2820
Listed By:
Kaleb Swan
(207) 653-0924
Source:
Integrityhomesrealestategroup
Added: May 28
Changed: Nov 11
Last Checked: Nov 12 at 10:25PM
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 Legacy Properties Sotheby's International Realty
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Investment Insights
Based on property information with market context.
This 3-unit apartment building contains two 3-bedroom units and one 2-bedroom unit across 3,460 square feet. All three apartments have been refreshed, and two include updated kitchens. Each unit has its own laundry hookup. The first-floor 2-bedroom and third-floor 3-bedroom units are available for new tenant selection.
Built in 1893, the property is in town and near the turnpike, providing access for commuting.
Built in 1893, the property is in town and near the turnpike, providing access for commuting.
Key Highlights
- 3,460‑square‑foot building with three apartments: two 3‑bedroom units and one 2‑bedroom unit
- Updated kitchens in two apartments; all three units have been refreshed
- Separate laundry hookups for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,126
Cap Rate
7.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$682,520
$682.5K
Cap Rate 7%
$487,514
$487.5K
Cap Rate 9%
$379,178
$379.2K
Market Conditions
NOI Build-Up for 3,460 SF
Gross rent
$49.4K $14.28/SF
− Vacancy
−$657 −$0.19/SF
EGI
$48.8K $14.09/SF
− OpEx
−$14.6K −$4.23/SF
NOI
$34.1K $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%
$682,520
Cap Rate 7%
$487,514
Cap Rate 9%
$379,178
Alternative Uses
Best Use
Multifamily LT 5
$487.5K
$426.6K – $568.8K
NOI $34,126 @ 7.0% cap · market cap 7.67%
Second Best
Apartment 5plus
$463.2K
$405.3K – $540.4K
NOI $32,423 @ 7.0% cap · market cap 7.29%
Theoretical Best
Office A
$1.08M
$941.6K – $1.26M
NOI $75,328 @ 7.0% cap · market cap 16.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
701
Businesses Nearby
Explore this area
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
$254,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in Androscoggin County, ME
Properties on Market for Triplexes in Androscoggin County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three refreshed apartments include separate laundry hookups, with two units featuring updated kitchens.
Where is this triplex located?
The property is located at 91 Minot Avenue Auburn, ME.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: 3,460‑square‑foot building with three apartments: two 3‑bedroom units and one 2‑bedroom unit; Updated kitchens in two apartments; all three units have been refreshed; Separate laundry hookups for each unit
