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18 Crosby Street

Augusta, ME 04330
Baths
12
Square Ft.
3,424
Active
Multifamily
Property Photo
Property Photo
Property Photo
Property Photo
$1,100,000
3-Building Portfolio Investment Opportunity -in Augusta, Maine. Included in the Offering: • 51 State Street - 3 Units • 18 Crosby Street - 4 Units (Adjacent to 51 State Street) • 84-90 Mt. Vernon Avenue - 5 Units (Includes an adjacent lot) With State Street and Crosby Street side-by-side, investors benefit from operational efficiencies, simplified management, and strong rental positioning. Property Highlights: 12 total residential units across three buildings. 51 State Street includes a single-car, extra-long garage (roof needs replacement - value-add opportunity). 84-90 Mt. Vernon Avenue features an adjacent lot, offering expansion, parking, or future development potential. Portfolio sale allows for economies of scale and increased cash flow potential. This is an excellent opportunity for investors seeking to expand an existing portfolio or enter the Augusta market with immediate footprint and upside. Financial Overview 9.5% Cap Rate based on revenues and expenses provided by the property manager. Figures reflect performance as of February 1, 2026. Financials available upon execution of NDA. For additional information or to request financials, reach out today and explore the possibilities this Augusta portfolio has to offer. Showing by Listing Agent with appointment. Drive-by welcome prior… Read MoreRead Less
Market LogoCourtesy of Spectrum Real Estate 207-805-3707
Listing Snapshot
Days Online
1
Last Updated
Full Baths
12
Square Ft.
3,424
Lot Size
0.71 Acres
Year Built
1800
MLS Number
1652054
Additional Details
Property Access
Road Surface Type: "Paved"
Basement
Basement: "Full", "Bulkhead"
Building
Architectural Style: "Colonial", Building Area Total: 3,424, Construction Materials: "Vinyl Siding", "Wood Frame", Number Of Units Total: 12, Year Built: 1800, 3 stories
Cooling
Cooling: "None"
Expenses
Operating Expense: $60,516
Floors
Flooring: "Wood", "Vinyl"
Foundation
Foundation Details: "Stone", "Concrete Perimeter"
Garage
Garage Included, 1 garage space
Heating
Heating: "Hot Water", "Forced Air", "Direct Vent Heater", "Baseboard", Heating Included
Income
Gross Income: $161,400
Lot
Features: "Other Location", "Corner Lot", "Sidewalks", "Interior Lot", "Intown", "Near Shopping", "Near Town", "Neighborhood", 0.71 acres, Area: 0.71, 30,928 square feet
Parking
Features: "Paved", "On Site"
Property
Parcel Number: AUGU-000034-000227, Zoning: RC
Roof
Roof: "Shingle"
Sewer
Sewer: "Public Sewer"
Taxes
Annual Amount: $3,548, Tax Lot: 227
Utilities
Electric: "Circuit Breakers", Water Source: "Public"
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30 Days Snapshot Of 04330
$308k
+16%
(avg) sold price
8
-66%
homes sold
86
+114%
(avg) days on market
Snapshot
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Tony Donovan
Broker
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Schools In The Area

Source: Home Junction
Check out nearby schools with ratings and contact info.
Sylvio Gilbert Elementary School 207-626-2491 Public PK-6
Lincoln School 207-626-2483 Public KG-6
Cony Middle School 207-626-2460 Public 7-8
Cony High School 207-626-2460 Public 9-12
Sylvio Gilbert Elementary School 207-626-2491 Public PK-6
Lincoln School 207-626-2483 Public KG-6
Sylvio Gilbert Elementary School 207-626-2491 Public PK-6
Lincoln School 207-626-2483 Public KG-6
Cony Middle School 207-626-2460 Public 7-8
Sylvio Gilbert Elementary School 207-626-2491 Public PK-6
Lincoln School 207-626-2483 Public KG-6
Cony High School 207-626-2460 Public 9-12

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Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.