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$495,000

For Sale

4 days ago

167 Summer St, Auburn, ME

House

MLS® 1682968

0 Bed

5 Bath

3266 sqft

1 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size 3266 sqft
Garage Yes
Taxes $5,189
Days Active 5
Lot Size 0.25 Acres
Approx. Age 1920
Avg. Price Per Sqft $151
MLS® Number 1682968

Property Address: 167 Summer St, Auburn, ME, 04210-5118

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

Description

Investment opportunity! Fully occupied four-unit in a convenient Auburn location, featuring a strong, long-term rental history. All apartments are occupied by established tenants with great payment histories and a desire to stay long term. The property currently generates $5, 450 per month and $65, 400 in annual gross rental income. Units 1 and 4 are below market rent due to long-term tenancies, while Unit 3 is also slightly below market, creating additional rental income opportunity. Each unit has its own electric meter and hot-water tank, with all hot-water tanks recently replaced. A coin-op washer and dryer serve the majority of the building, while Unit 4 has private washer/dryer hookups. Two separate driveways and parking areas provide ample dedicated off-street parking. The attached barn/garage provides substantial additional storage, workshop space, or potential for future renovation into additional living space, subject to town approval. 34 Oak Street, Augusta and 167 Summer Street, Auburn may also be purchased together as a package, with favorable package pricing available. Inquire for details.
MLS® Number1682968
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1920
BasementInterior Entry, Dirt Floor, Full, Unfinished
Driveway
Garage Spaces
HeatGas Natural, Forced Air
A/C

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Oct 2, 2026List Date
$495,000List Price
  • Commute

Commute

Starting Address
Destination Address
167 Summer St, Auburn, ME

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