Link Copied
Listed price in listed location currency (USD).
$369,900

020

MLS® 1656930

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size 2253 sqft
Garage 
Taxes $4,770
Days Active 8
Lot Size 
Approx. Age 1920
Avg. Price Per Sqft $164
MLS® Number 1656930

Property Address: 115 Winter Street, Auburn, ME, 04210

Average square foot calculated using Size range provided by listing agent.

Description

Well-maintained and versatile 2-unit property in a convenient Auburn location, offering strong income potential and additional value-add opportunities. The first-floor unit features 3 bedrooms and 1 full bath, while the second-floor unit offers 2 bedrooms with the potential for a third, making this an attractive setup for both owner-occupants and investors. Each unit has its own boiler, with tenants responsible for their own heat--helping to keep operating costs predictable. Based on current numbers, the property operates around a ~6.8% cap rate, with the potential to reach the high 7% range as rents are brought to market levels. A standout feature is the third-floor space, which is currently being utilized by the owner for additional bedrooms. This area offers flexibility for living space storage, workspace, or potential future expansion (buyers to verify all uses with local code enforcement). Additional highlights include solar panels installed approximately 2 years ago, offering long-term energy savings, and a layout that supports both steady cash flow and future upside. Whether you're looking to owner-occupy and offset your mortgage or add a value-add multi-unit to your portfolio, this property presents a strong opportunity in today's market. Group showings will be held on Friday April 10 from 4:00pm to 6:00pm and Saturday April 11 from 11:00 am to 1:00pm. Please text or email listing agent if you plan on attending one of the group showings. All offers are due by Tuesday April 14 at 5:00pm
MLS® Number1656930
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1920
BasementInterior, Full, Unfinished
Driveway1 - 4 Spaces, Paved
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 8, 2026List Date
$369,900List Price
  • Commute

Commute

Starting Address
Destination Address
115 Winter Street, Auburn, ME

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment
Loading...

Similar Listings

Comparable Properties