167 Summer ST, Auburn, ME 04210
167 Summer ST, Auburn, ME 04210
167 Summer ST, Auburn, ME 04210
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Monet Yarnell

Monet Yarnell

+1(207) 461-4740
Listed by Brandon Caruso Maine Source Realty
$495,000
Est. payment /mo
5 Baths
3,266 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,266 sqft

Price per Sqft $151

MLS Listing ID 1682968

Full Baths 5

HOA Y/N No

Year Built 1920

Tax Year 2026

Lot Size 10,890 Sqft

Acres 0.25

Source Maine Listings

Land Area 3266

Property Description

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.

Location

State ME

County Androscoggin

Zoning Rural Residential

Rooms

Other Rooms Barn(s)

Basement Interior Entry, Dirt Floor, Full, Unfinished

Interior

Interior Features Storage

Heating Gas Natural, Forced Air

Cooling None

Flooring Carpet, Laminate, Tile, Wood

Fireplaces Number 1

Equipment Internet Access Available

Fireplace Yes

Window Features Double Pane Windows

Laundry Laundry - Coin, Washer Hookup

Exterior

Parking Features Gravel, 5 - 10 Spaces, Off Street, Storage

Garage Spaces 1.0

Waterfront Description Nearby

Roof Type Shingle

Porch Deck, Porch

Garage Yes

Building

Lot Description Near Golf Course, Near Shopping, Near Turnpike/Interstate, Neighborhood, Level, Sidewalks

Story 3

Entry Level Multi-Level

Foundation Block, Poured Concrete, Brick/Mortar

Water Public

Architectural Style New Englander, Other

Level or Stories 3

Others

Tax ID AUBN-000260-000000-000219

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Maine MLS (MREIS) IDX

Nearby School & Business

Monet Yarnell

${companyName}

Phone

+1(207) 461-4740

Address

111 High St, Belfast, ME

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