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.
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
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#: 1565224

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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