31 Drummond St
Multi-Family31 Drummond St, Auburn, ME 04210
- Type
- Sale
- Status
- Active
- Asking Price
- $750,000
- Cap Rate
- 8.15%
- List Date
- Apr 9, 2026
- Days on Market
- 82
- Sale NOI
- $61,155
- Sale Total Expenses
- $16,365
- Sale Gross Income
- $77,520
- Tax Amount
- $5,757
- Tax Year
- 2025
- Last Verified
- May 26, 2026
New Construction & Multi-Unit Portfolio | 8% Pro-Forma Yield in Auburn
Unique multi-structure investment opportunity on a single parcel in Auburn. The property features a two-unit dwelling and a newly constructed single-family residence completed this year. The newly built single-family home offers 4 bedrooms and 2.5 bathrooms, presenting a turn-key option for an owner-occupant or a high-value rental asset with new construction efficiencies. The adjacent two-unit building is designed for high-occupancy rental income, consisting of a 5-bedroom upper unit and a 3-bedroom lower unit. Both units feature expansive floor plans and established rental history. This asset is an ideal entry-point for a first-time homebuyer looking to offset a mortgage or an investor seeking a diversified residential portfolio in a central location.
Space Details
- Primary Use
- Multi-family
- Type
- Multi-Family
- Subtype
- Low-rise
- Building Class
- Class C
- Size
- 6,904 SF
- Acreage
- 0.24 Acres
- Occupancy Type
- Multi Tenant
- Year Built
- 1888
- Floors
- 2
- County
- Androscoggin
- Type
- Sale
- Status
- Active
- Asking Price
- $750,000
- Cap Rate
- 8.15%
- List Date
- Apr 9, 2026
- Days on Market
- 82
- Sale NOI
- $61,155
- Sale Total Expenses
- $16,365
- Sale Gross Income
- $77,520
- Tax Amount
- $5,757
- Tax Year
- 2025
- Last Verified
- May 26, 2026
New Construction & Multi-Unit Portfolio | 8% Pro-Forma Yield in Auburn
Unique multi-structure investment opportunity on a single parcel in Auburn. The property features a two-unit dwelling and a newly constructed single-family residence completed this year. The newly built single-family home offers 4 bedrooms and 2.5 bathrooms, presenting a turn-key option for an owner-occupant or a high-value rental asset with new construction efficiencies. The adjacent two-unit building is designed for high-occupancy rental income, consisting of a 5-bedroom upper unit and a 3-bedroom lower unit. Both units feature expansive floor plans and established rental history. This asset is an ideal entry-point for a first-time homebuyer looking to offset a mortgage or an investor seeking a diversified residential portfolio in a central location.
Space Details
- Primary Use
- Multi-family
- Type
- Multi-Family
- Subtype
- Low-rise
- Building Class
- Class C
- Size
- 6,904 SF
- Acreage
- 0.24 Acres
- Occupancy Type
- Multi Tenant
- Year Built
- 1888
- Floors
- 2
- County
- Androscoggin