Investment opportunity! Fully occupied four-unit in a convenient Auburn location, featuring a strong, long-term rental history. All apartments are occupied by established tenants with great payment histories and a desire to stay long term. The property currently generates $5,450 per month and $65,400 in annual gross rental income. Units 1 and 4 are below market rent due to long-term tenancies, while Unit 3 is also slightly below market, creating additional rental income opportunity. Each unit has its own electric meter and hot-water tank, with all hot-water tanks recently replaced. A coin-op washer and dryer serve the majority of the building, while Unit 4 has private washer/dryer hookups. Two separate driveways and parking areas provide ample dedicated off-street parking. The attached barn/garage provides substantial additional storage, workshop space, or potential for future renovation into additional living space, subject to town approval. 34 Oak Street, Augusta and 167 Summer Street, Auburn may also be purchased together as a package, with favorable package pricing available. Inquire for details.
Active
$495,000
167 Summer Street, Auburn, ME 04210
8beds
3,266sqft
Multi Family
Built in 1920
-- sqft lot
$482,600 Zestimate®
$152/sqft
$-- HOA
What's special
- 32 days
- 183
- 9
Zillow last checked:
Listing updated:
Listed by:
Maine Source Realty
Source: Maine Listings,MLS#: 1682968
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 5
- Full bathrooms: 5
Heating
- Forced Air
Cooling
- None
Appliances
- Laundry: Laundry - Coin
Features
- Storage
- Flooring: Carpet, Laminate, Tile, Wood
- Windows: Double Pane Windows
- Basement: Interior Entry,Dirt Floor,Full,Unfinished
- Number of fireplaces: 1
Interior area
- Total structure area: 3,266
- Total interior livable area: 3,266 sqft
- Finished area above ground: 3,266
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: Gravel, 5 - 10 Spaces, Off Street, Storage
- Garage spaces: 1
Features
- Levels: Multi/Split
- Stories: 3
- Patio & porch: Deck, Porch
Lot
- Size: 0.25 Acres
- Features: Near Golf Course, Near Shopping, Near Turnpike/Interstate, Neighborhood, Level, Sidewalks
Details
- Additional structures: Barn(s)
- Parcel number: 167SummerStAuburnME04210
- Zoning: Rural Residential
- Other equipment: Internet Access Available
Construction
Type & style
- Home type: MultiFamily
- Architectural style: New Englander,Other
- Property subtype: Multi Family
Materials
- Wood Frame, Shingle Siding
- Foundation: Block, Poured Concrete, Brick/Mortar
- Roof: Shingle
Condition
- Year built: 1920
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Auburn
Financial & listing details
- Price per square foot: $152/sqft
- Annual tax amount: $5,189
- Date on market: 10/2/2026
Estimated market value
$482,600
$458,000 - $507,000
$1,423/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/2/2026 | Listed for sale | $495,000+43.5%$152/sqft |
Source:  Maine Listings #1682968 Report a problem | ||
| 11/19/2021 | Sold | $345,000+1.5%$106/sqft |
Source: Maine Listings #1501957 Report a problem | ||
| 10/28/2021 | Pending sale | $339,900$104/sqft |
Source: Maine Listings #1501957 Report a problem | ||
| 10/26/2021 | Listed for sale | $339,900$104/sqft |
Source: Maine Listings #1501957 Report a problem | ||
| 10/19/2021 | Pending sale | $339,900$104/sqft |
Source: Maine Listings #1501957 Report a problem | ||
| 10/18/2021 | Listed for sale | $339,900$104/sqft |
Source: Maine Listings #1501957 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 04210
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