31 Drummond St

Multi-Family

31 Drummond St, Auburn, ME 04210

31 Drummond St
Multi-Family For Sale
Asking
$750,000
Available
6,904 SF
Listing Details
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
Property Highlights
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
Contact
KF
Kevin Fletcher, CCIMPrimary
KW Commercial Greater Portland
Location