Conveniently located near shopping, downtown Augusta, and highway access, this two unit property is a solid addition to any rental portfolio. Both units have been refreshed with recent cosmetic updates and were fitted with new natural gas Rinnai heating systems in 2024. Each unit has its own gas and electric meter, and tenants are responsible for all utilities including water, sewer, and yard maintenance. With separated systems and minimal owner expenses, this property offers strong cash flow potential in a central Augusta location.
Closed
$229,500
78 Mount Vernon Avenue, Augusta, ME 04330
5beds
1,864sqft
Multi Family
Built in 1906
-- sqft lot
$220,300 Zestimate®
$123/sqft
$1,801 Estimated rent
Home value
$220,300
$198,000 - $245,000
$1,801/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: November 05, 2025 at 03:55pm
Listed by:
New England Realty Group LLC
Bought with:
Real Broker
Source: Maine Listings,MLS#: 1635799
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Direct Vent Heater
Cooling
- None
Features
- Flooring: Vinyl, Wood
- Basement: Interior Entry,Full,Unfinished
Interior area
- Total structure area: 1,864
- Total interior livable area: 1,864 sqft
- Finished area above ground: 1,864
- Finished area below ground: 0
Property
Parking
- Parking features: Paved, 1 - 4 Spaces
Features
- Body of water: Bond Brook
- Frontage length: Waterfrontage: 55
Lot
- Size: 10,454 sqft
- Features: Near Shopping, Near Turnpike/Interstate, Near Town, Open Lot
Details
- Parcel number: AUGUM00035B00222L00000
- Zoning: RDF
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Federal
- Property subtype: Multi Family
Materials
- Wood Frame, Vinyl Siding
- Roof: Shingle
Condition
- Year built: 1906
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Augusta
Price history
| Date | Event | Price |
|---|---|---|
| 11/3/2025 | Sold | $229,500-4.3%$123/sqft |
Source:  Maine Listings #1635799 | ||
| 10/6/2025 | Pending sale | $239,900$129/sqft |
Source: Maine Listings #1635799 | ||
| 9/12/2025 | Contingent | $239,900$129/sqft |
Source: Maine Listings #1635799 | ||
| 8/28/2025 | Listed for sale | $239,900+190.8%$129/sqft |
Source: Maine Listings #1635799 | ||
| 5/20/2024 | Sold | $82,500+58.7%$44/sqft |
Source: Public Record | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,125 +3.7% | $89,300 |
| 2023 | $2,050 +4.8% | $89,300 |
| 2022 | $1,957 +4.7% | $89,300 |
Find assessor info on the county website
Neighborhood: 04330
Nearby schools
GreatSchools rating
- 4/10Sylvio J Gilbert SchoolGrades: PK-6Distance: 0.6 mi
- 3/10Cony Middle SchoolGrades: 7-8Distance: 1.6 mi
- 4/10Cony Middle and High SchoolGrades: 9-12Distance: 1.6 mi
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