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  • $425,000

    123 Spring Street, Auburn, ME 04210

    7beds
    3,482sqft
    Multi Family
    Built in 1878
    -- sqft lot
    $537,000 Zestimate®
    $122/sqft
    $1,746 Estimated rent

    Home value

    $537,000

    $489,000 - $591,000

    $1,746/mo

    Zestimate® history
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    $2,572/mo

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    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: 8 hours ago

    Listing updated: December 22, 2025 at 01:29pm

    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
    • Baseboard, Forced Air, Hot Water
    Cooling
    • None
    Features
    • Flooring: Carpet
    • Basement: Bulkhead,Interior Entry
    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

    Features
    • Levels: Multi/Split
    • Stories: 3
    Lot
    • Size: 4,356 sqft
    Details
    • Additional structures: Shed(s)
    • Zoning: T-5.1

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: New Englander,Other
    • Property subtype: Multi Family
    Materials
    • Roof: Shingle
    Condition
    • Year built: 1878

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Utilities On

    Community & neighborhood

    Location
    • Region: Auburn

    Price history

    DateEventPrice
    8/7/2023Sold$425,000+7.6%$122/sqft
    Source: Maine Listings #1565224 Report a problem
    7/24/2023Pending sale$395,000$113/sqft
    Source: Maine Listings #1565224 Report a problem
    7/13/2023Listed for sale$395,000$113/sqft
    Source: Maine Listings #1565224 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 04210

    Nearby schools

    GreatSchools rating
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    An equal housing lender. NMLS #10287.