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Multi-FamilyMEAugusta0433018 Crosby Street, Augusta, ME, 04330

18 Crosby Street, Augusta, ME, 04330

18 Crosby Street, Augusta, ME, 04330
12 baths
$1,100,000
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Basics

  • Date added: Added 2 months ago
  • Category:
  • Status:
  • Bathrooms: 12
  • Lot size: 0.71 sq ft
  • Year built: 1800
  • Bathrooms Full: 12
  • Lot Size Acres: 0.71 acres
  • Zoning: RC
  • County: Kennebec
  • MLS ID: 1652054

Description

  • Description:

    3-Building Portfolio Investment Opportunity -in Augusta, Maine.
    Included in the Offering:
    • 51 State Street - 3 Units
    • 18 Crosby Street - 4 Units (Adjacent to 51 State Street)
    • 84-90 Mt. Vernon Avenue - 5 Units (Includes an adjacent lot)
    With State Street and Crosby Street side-by-side, investors benefit from operational efficiencies, simplified management, and strong rental positioning.

    Property Highlights:
    12 total residential units across three buildings. 51 State Street includes a single-car, extra-long garage (roof needs replacement - value-add opportunity). 84-90 Mt. Vernon Avenue features an adjacent lot, offering expansion, parking, or future development potential. Portfolio sale allows for economies of scale and increased cash flow potential. This is an excellent opportunity for investors seeking to expand an existing portfolio or enter the Augusta market with immediate footprint and upside.

    Financial Overview
    9.5% Cap Rate based on revenues and expenses provided by the property manager. Figures reflect performance as of February 1, 2026. Financials available upon execution of NDA. For additional information or to request financials, reach out today and explore the possibilities this Augusta portfolio has to offer. Showing by appointment only. Drive-by welcome prior to requesting a showing. please conduct drive-by only (do not walk the property).

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Location

Building Details

  • Building Area Total: 3424 sq ft
  • Number Of Units Total: 12
  • Construction Materials: Vinyl Siding, Wood Frame
  • Architectural Style: Colonial
  • Sewer: Public Sewer
  • Heating: Hot Water, Forced Air, Direct Vent Heater, Baseboard
  • Stories: 3
  • Roof: Shingle
  • Foundation Details: Stone, Concrete Perimeter
  • Basement: ,

Amenities & Features

  • Electric: Circuit Breakers
  • Flooring: Wood, Vinyl
  • Parking Features: Paved, On Site
  • Garage Spaces: 1
  • WaterSource: Public
  • Lot Features: Other Location, Corner Lot, Sidewalks, Interior Lot, Intown, Near Shopping, Near Town, Neighborhood
  • Cooling: None

Fees & Taxes

  • Gross Income: $161,400

School Information

  • High School District: Augusta Public Schools

Miscellaneous

  • Road Surface Type: Paved

Courtesy of

  • List Office Name: Spectrum Real Estate

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Mobile: 207-404-3368
Office: 207-942-6310

458 Main Street
Bangor, ME 04401
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