115 Winter Street, Auburn, ME 04210 (MLS # 1656930)

View Virtual Tour PRICE $369,900 BEDS 0 BATHS 2 HOME SIZE 2,253 sqft LOT SIZE 4,792 sqft Request More Info Schedule a Showing

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