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Investment opportunity! Fully occupied four-unit in a convenient Auburn location, featuring a strong, long-term rental history. All apartments are occupied by established tenants with great payment histories and a desire to stay long term. The property currently generates $5,450 per month and $65,400 in annual gross rental income. Units 1 and 4 are below market rent due to long-term tenancies, while Unit 3 is also slightly below market, creating additional rental income opportunity. Each unit has its own electric meter and hot-water tank, with all hot-water tanks recently replaced. A coin-op washer and dryer serve the majority of the building, while Unit 4 has private washer/dryer hookups. Two separate driveways and parking areas provide ample dedicated off-street parking. The attached barn/garage provides substantial additional storage, workshop space, or potential for future renovation into additional living space, subject to town approval. 34 Oak Street, Augusta and 167 Summer Street, Auburn may also be purchased together as a package, with favorable package pricing available. Inquire for details.
Property Type(s):
Multi Family
| Last Updated | 10/2/2026 | Year Built | 1920 |
|---|---|---|---|
| Garage Spaces | 1.0 | County | Androscoggin |
Additional Details
| AIR | None |
|---|---|
| APPLIANCES | Water Heater |
| BARN/EQUESTRIAN | Yes |
| BASEMENT | Dirt Floor, Full, Interior Entry, Unfinished, Yes |
| CONSTRUCTION | Frame, Shingle Siding |
| FIREPLACE | Yes |
| GARAGE | Yes |
| HEAT | Forced Air |
| INTERIOR | Storage |
| LOT | 0.25 acre(s) |
| LOT DESCRIPTION | Level, Near Golf Course |
| LOT DIMENSIONS | 0.25 |
| MLS STATUS | Active |
| PARKING | Gravel, Off Street, Storage |
| SEWER | Public Sewer |
| STORIES | 3 |
| STYLE | New Englander, Other |
| TAXES | 5189 |
| UTILITIES | Natural Gas Available |
| WATER | Public |
Listing provided by Maine Source Realty
Listing data is derived in whole or in part from the Maine IDX & is for consumers'' personal, non-commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.© 2026 Maine Real Estate Information System, Inc. All Rights Reserved. 
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IDX data provided by Market Leader, courtesy of Maine Listings.
This IDX solution is (c) Diverse Solutions 2026.
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