Well maintained 10-unit apartment building consisting of 6 1-bedrooms and 4 2-bedroom units. Conveniently located in close proximity to the state capital campus. New furnace. Large off-street parking lot. Basement laundry area. Below market rents with significant upside potential. Great investment opportunity with projected 10%+ cap rate.
Closed
$647,500
27 Eastern Avenue, Augusta, ME 04330
14beds
5,478sqft
Multi Family
Built in 1938
-- sqft lot
$697,400 Zestimate®
$118/sqft
$1,691 Estimated rent
Home value
$697,400
$530,000 - $914,000
$1,691/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: January 18, 2025 at 07:10pm
Listed by:
J T Leahy Real Estate
Bought with:
CORE
Source: Maine Listings,MLS#: 1596326
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 14
- Bathrooms: 1059
- Full bathrooms: 1059
Heating
- Baseboard, Hot Water
Cooling
- None
Features
- Flooring: Carpet, Vinyl
- Basement: Exterior Entry,Walk-Out Access,Full,Partial
Interior area
- Total structure area: 5,478
- Total interior livable area: 5,478 sqft
- Finished area above ground: 5,478
- Finished area below ground: 0
Property
Parking
- Parking features: Gravel, 5 - 10 Spaces, Off Street
Features
- Levels: Multi/Split
Lot
- Size: 9,583 sqft
- Features: Near Town, Neighborhood, Wooded
Details
- Zoning: RB1
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Wood Frame, Vinyl Siding
- Roof: Pitched,Shingle
Condition
- Year built: 1938
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Utilities On
Community & neighborhood
Location
- Region: Augusta
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 11/20/2024 | Sold | $647,500-7.5%$118/sqft |
Source:  Maine Listings #1596326 | ||
| 9/20/2024 | Pending sale | $700,000$128/sqft |
Source: Maine Listings #1596326 | ||
| 9/3/2024 | Price change | $700,000-3.4%$128/sqft |
Source: Maine Listings #1596326 | ||
| 8/1/2024 | Pending sale | $725,000$132/sqft |
Source: Maine Listings #1596326 | ||
| 7/10/2024 | Listed for sale | $725,000$132/sqft |
Source: Maine Listings #1596326 | ||
Public tax history
Tax history is unavailable.
Neighborhood: 04330
Nearby schools
GreatSchools rating
- 1/10Farrington SchoolGrades: K-6Distance: 1 mi
- 3/10Cony Middle SchoolGrades: 7-8Distance: 1.1 mi
- 4/10Cony Middle and High SchoolGrades: 9-12Distance: 1.1 mi
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