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  • $487,500

    198 Summer Street, Auburn, ME 04210

    6beds
    3,935sqft
    Multi Family
    Built in 1902
    -- sqft lot
    $503,000 Zestimate®
    $124/sqft
    $1,894 Estimated rent

    Home value

    $503,000

    $438,000 - $578,000

    $1,894/mo

    Zestimate® history
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    $2,471/mo

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    What's special

    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 your chance to own a solid property with lasting value!

    Zillow last checked:

    Listing updated:

    Listed by:

    Ferraro Realty LLC Toni@Ferraro-Realty.com

    Bought with:

    Keller Williams Realty

    Source: Maine Listings,MLS#: 1639969MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Baseboard, Direct Vent Heater
    Cooling
    • None
    Features
    • Flooring: Carpet, Vinyl, Hardwood
    • Basement: Bulkhead,Interior Entry
    • Has fireplace: No
    Interior area
    • Total structure area: 3,935
    • Total interior livable area: 3,935 sqft
    • Finished area above ground: 3,935
    • Finished area below ground: 0

    Property

    Features
    • Levels: Multi/Split
    • Stories: 3
    • Patio & porch: Deck, Porch
    Lot
    • Size: 7,840 sqft
    Details
    • Parcel number: AUBNM260L224
    • Zoning: T4.2

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: New Englander
    • Property subtype: Multi Family
    Materials
    • Roof: Shingle
    Condition
    • Year built: 1902

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Auburn

    Price history

    DateEventPrice
    12/1/2025Pending sale$500,000+2.6%$127/sqft
    Source: Maine Listings #1639969 Report a problem
    11/25/2025Sold$487,500-2.5%$124/sqft
    Source: Maine Listings #1639969 Report a problem
    10/24/2025Contingent$500,000$127/sqft
    Source: Maine Listings #1639969 Report a problem
    10/10/2025Listed for sale$500,000$127/sqft
    Source: Maine Listings #1639969 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$3,869 +10%$173,900 +12.5%
    2023$3,517 +20%$154,600 +20%
    2022$2,930 -4.5%$128,800
    2021$3,068 +2.8%$128,800 +2.5%
    2020$2,985 0%$125,700
    2019$2,985 +0.3%$125,700
    2018$2,977 +2.3%$125,700 -0.7%
    2017$2,911 +16.7%$126,600
    2016$2,494 $126,600
    2015$2,494 +0.7%$126,600
    2013$2,478 -0.1%$126,600
    2012$2,480 +32%$126,600 +30.7%
    2011$1,879 +3.6%$96,900 -2.1%
    2009$1,813 -6.3%$99,000 -5.8%
    2008$1,935 $105,100 +16.6%
    2006-- $90,100

    Find assessor info on the county website

    Neighborhood: 04210

    Nearby schools

    GreatSchools rating
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    $503,000
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    +$10,060
    With Zillow Showcase(estimated)
    $513,060