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Closed
  • $425,000

    123 Spring Street, Auburn, ME 04210

    7beds
    3,482sqft
    Multi Family
    Built in 1878
    -- sqft lot
    $547,900 Zestimate®
    $122/sqft
    $-- HOA

    What's special

    7-Unit Multi-Family in Auburn for $395,000. This investment opportunity features seven thoughtfully laid-out apartments (Three 1-beds and four 2-room studios) in a central and convenient location. OPEN HOUSES & showings will be MONDAY 3:30-4:30 PM AND TUESDAY 12:00-1:00 PM. Well maintained, the units are entirely rentable as-is, providing an immediate income stream, or they can be renovated to maximize income further. This is an excellent opportunity for stable rental income and long-term growth in a sought-after location with some of the most exponential price trends in the state. The building's layout consists of three units on the first floor, three units on the second floor, and one additional unit on the third floor, making optimal use of the building's size. Tenants enjoy convenient access through two separate entrances—one at the front for five units and another at the back catering to the last two units. The property benefits from its prime location in Auburn's downtown district, with proximity to a wide range of amenities, shops, trendy restaurants, and easy access to public transportation offers an enticing package for potential tenants. OPEN HOUSES & showings will be MONDAY 3:30-4:30 PM AND TUESDAY 12:00-1:00 PM.

    Zillow last checked: 7 hours ago

    Listing updated: January 14, 2025 at 07:56pm

    Listed by:

    F.O. Bailey Real Estate

    Bought with:

    F.O. Bailey Real Estate

    Source: Maine Listings,MLS#: 1565224MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 7
    • Full bathrooms: 7
    Heating
    • Hot Water, Forced Air, Baseboard
    Cooling
    • None
    Appliances
    • Laundry: Laundry - 1st Floor, Main Level
    Features
    • Flooring: Carpet
    • Basement: Bulkhead,Dirt Floor,Exterior Entry,Interior Entry,Unfinished
    Interior area
    • Total structure area: 3,482
    • Total interior livable area: 3,482 sqft
    • Finished area above ground: 3,482
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: 5 - 10 Spaces, Paved, Common, On Site
    Features
    • Levels: Multi/Split
    • Stories: 3
    Lot
    • Size: 4,356 sqft
    • Features: Level, Sidewalks, City Lot
    Details
    • Additional structures: Shed(s)
    • Zoning: T-5.1

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: New Englander
    • Property subtype: Multi Family
    Materials
    • Wood Siding, Shingle Siding, Wood Frame
    • Foundation: Brick/Mortar
    • Roof: Shingle
    Condition
    • Year built: 1878

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Auburn

    Other

    Other facts
    • Road surface type: Paved
    Services availability
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