198 Summer Street, Auburn, ME 04210

$500,000

Spacious 3-Unit Apartment Building - Great Investment Opportunity! 🏡💼 Welcome to this well-cared-for 3-unit apartment building offering roomy 2-bedroom layouts, hardwood floors, and warm, inviting spaces throughout. Each unit has a functional design with large living areas, natural light, and plenty of charm. Two units feature washer and dryer hookups, and two offer efficient Rinnai backup heating systems — perfect for Maine winters! Tenants enjoy the convenience of natural gas heat, ample off-street parking, and individual storage rooms for each unit. The building has been thoughtfully maintained, with a new heating system (approx. 5 years old) and a roof just 7 years old, providing peace of mind for years to come. All three units are currently rented on a month-to-month basis, making this property ideal for both investors and those looking for an owner-occupied opportunity. You'll love the central location — just minutes from shopping malls, hospitals, restaurants, and easy highway access. This property blends practicality with potential, offering comfort for tenants and reliable income for owners. Whether you're adding to your portfolio or searching for your first investment, this multi-unit has the space, updates, and location that make it a smart choice. Don't miss… Read MoreRead Less

Courtesy of Ferraro Realty LLC [email protected]

Listing Snapshot

Days Online

Last Updated

Nov 17, 2025

Full Baths

Square Ft.

3,935

Lot Size

0.18 Acres

Year Built

1902

MLS Number

1639969

Additional Details

Property Access

Road Surface Type: "Paved"

Basement

Basement: "Interior", "Bulkhead", "Brick/Mortar", "Full"

Building

Architectural Style: "New Englander", Building Area Total: 3,935, Construction Materials: "Wood Siding", "Wood Frame", Number Of Units Total: 3, Year Built: 1902, 3 stories, 3 total stories

Cooling

Cooling: "None"

Expenses

Operating Expense: $12,000

Exterior Features

Patio And Porch Features: "Deck", "Porch", Patio And Porch Features: "Deck", "Porch"

Fence

Fencing: "Fenced"

Floors

Flooring: "Vinyl", "Carpet"

Foundation

Foundation Details: "Brick/Mortar"

Heating

Heating: "Direct Vent Heater", "Baseboard", Heating Included

Income

Gross Income: $50,400

Laundry

Features: "Washer Hookup"

Lot

Features: "Well Landscaped", "Level", "Sidewalks", "Intown", "Near Golf Course", "Neighborhood", "Shopping Mall", "Ski Resort", 0.18 acres, Area: 0.18, 7,841 square feet

Parking

Features: "5 - 10 Spaces", "Paved", "On Site"

Property

Parcel Number: AUBN-000260-000000-000224, Zoning: T4.2

Roof

Roof: "Shingle"

Sewer

Sewer: "Public Sewer"

Taxes

Annual Amount: $3,437, Tax Lot: 224

Utilities

Electric: "Circuit Breakers", Water Source: "Public"

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Down payment

Term (years)

Interest rate (%)

Monthly Payment

30 Days Snapshot Of 04210

$323k

-9%

(avg) sold price

+27%

homes sold

-19%

(avg) days on market

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198 Summer Street

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