Triplex with Covered
For Sale
$450,000
93 Newbury Street, Auburn, ME 04210
Three two-bedroom apartments include hardwood flooring and washer and dryer connections.
Property Size3,017 SF
Price / SF$149.15
Days on Market187
Property Features for 93 Newbury Street
General Information
Standard status
Active
Size
3,017 SF
Property subtype
Multi Family Home
Zoning
Multifam Urban
Units
Unit Mix
3 x 2BR
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$3,697
Amenities
hardwood floors
washer and dryer hookups
covered porch
Building Details
Building Size
3,017 SF
Year Built
1920
Stories
3
Units
3
Listing Agency:
Integrity Homes Real Estate Group, PC
Listed By:
Buffy Dumont
(207) 576-9755
Source:
Integrityhomesrealestategroup
Added: Apr 29
Changed: Oct 30
Last Checked: Oct 30 at 2:57PM
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 Integrity Homes Real Estate Group, PC
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Investment Insights
Based on property information with market context.
This 3,017-square-foot triplex, built in 1920, contains three two-bedroom units. Each apartment has hardwood floors, washer and dryer hookups, and a covered porch. The property is zoned Multifam Urban.
Exterior work includes siding installed in 2021 and a new roof. The property is located at 93 Newbury Street in Auburn, Maine.
Exterior work includes siding installed in 2021 and a new roof. The property is located at 93 Newbury Street in Auburn, Maine.
Key Highlights
- Three units, each with a two‑bedroom layout
- 3,017 square feet; built in 1920
- Siding installed in 2021 and a new roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,757
Cap Rate
6.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$595,140
$595.1K
Cap Rate 7%
$425,100
$425.1K
Cap Rate 9%
$330,633
$330.6K
Market Conditions
NOI Build-Up for 3,017 SF
Gross rent
$43.1K $14.28/SF
− Vacancy
−$573 −$0.19/SF
EGI
$42.5K $14.09/SF
− OpEx
−$12.8K −$4.23/SF
NOI
$29.8K $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%
$595,140
Cap Rate 7%
$425,100
Cap Rate 9%
$330,633
Alternative Uses
Best Use
Multifamily LT 5
$425.1K
$372.0K – $496.0K
NOI $29,757 @ 7.0% cap · market cap 6.61%
Second Best
Apartment 5plus
$403.9K
$353.4K – $471.2K
NOI $28,272 @ 7.0% cap · market cap 6.28%
Theoretical Best
Warehouse
$5.36M
$4.69M – $6.25M
NOI $375,089 @ 7.0% cap · market cap 83.35%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
896
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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three two-bedroom apartments include hardwood flooring and washer and dryer connections.
Where is this triplex located?
The property is located at 93 Newbury Street Auburn, ME.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Three units, each with a two‑bedroom layout; 3,017 square feet; built in 1920; Siding installed in 2021 and a new roof
