This well-maintained duplex features two spacious 3-bedroom units, both occupied by long-term tenants and generating consistent rental income from day one.
Perched on an elevated lot, the property offers a sense of privacy and elevated curb appeal, all while being just minutes from downtown Augusta. With close proximity to the State House, local hospitals, schools, and I-95, the location offers unbeatable convenience and accessibility for tenants.
With recent renovations and below market rents, this property presents a prime opportunity for increased cash flow and long-term equity growth, making it a savvy, low-maintenance addition to any portfolio. Whether you're expanding your investments or purchasing your first multi-family, this fully occupied property offers the perfect combination of stability, location, and tremendous growth potential.
Closed
$230,000
101 Mount Vernon Avenue, Augusta, ME 04330
6beds
2,148sqft
Multi Family
Built in 1898
-- sqft lot
$238,800 Zestimate®
$107/sqft
$1,740 Estimated rent
Home value
$238,800
$181,000 - $313,000
$1,740/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: June 02, 2025 at 06:25am
Listed by:
Keller Williams Realty
Bought with:
F.O. Bailey Real Estate
Source: Maine Listings,MLS#: 1619933
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Baseboard, Hot Water
Cooling
- None
Features
- Flooring: Carpet, Tile, Vinyl
- Basement: Interior Entry,Full,Unfinished
Interior area
- Total structure area: 2,148
- Total interior livable area: 2,148 sqft
- Finished area above ground: 2,148
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Common, Paved, 5 - 10 Spaces, On Site, Off Street
- Attached garage spaces: 2
Features
- Levels: Multi/Split
Lot
- Size: 0.29 Acres
- Features: City Lot, Near Turnpike/Interstate, Rolling Slope, Sidewalks
Details
- Parcel number: AUGUM00035B00235L00000
- Zoning: RD
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Wood Frame, Vinyl Siding
- Roof: Pitched,Shingle
Condition
- Year built: 1898
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Utilities On
Community & neighborhood
Location
- Region: Augusta
Price history
| Date | Event | Price |
|---|---|---|
| 5/30/2025 | Sold | $230,000-14.5%$107/sqft |
Source:  Maine Listings #1619933 | ||
| 5/19/2025 | Pending sale | $269,000$125/sqft |
Source: Maine Listings #1619933 | ||
| 4/23/2025 | Listed for sale | $269,000+22.8%$125/sqft |
Source: Maine Listings #1619933 | ||
| 1/2/2024 | Listing removed | -- |
Source: Maine Listings #1567927 | ||
| 10/11/2023 | Price change | $219,000-4.4%$102/sqft |
Source: Maine Listings #1567927 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,582 +3.7% | $108,500 |
| 2023 | $2,491 +4.8% | $108,500 |
| 2022 | $2,378 +4.7% | $108,500 |
Find assessor info on the county website
Neighborhood: 04330
Nearby schools
GreatSchools rating
- 4/10Sylvio J Gilbert SchoolGrades: PK-6Distance: 0.5 mi
- 3/10Cony Middle SchoolGrades: 7-8Distance: 1.7 mi
- 4/10Cony Middle and High SchoolGrades: 9-12Distance: 1.7 mi
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