Closed

$489,000

487 Court Street, Auburn, ME 04210

8beds

4,209sqft

Multi Family

Built in 1920

-- sqft lot

$518,100 Zestimate^®

$116/sqft

$1,921 Estimated rent

Home value

$518,100

$446,000 - $606,000

$1,921/mo

Zestimate^® history

Owner options

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$1,921/mo

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$1,921/mo

Rent Zestimate^®

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$2,479/mo

Est. payment

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$2,479/mo

Est. payment

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What's special

It is back on the market with no fault to the building. This charming 3-unit apartment building, located in Auburn, offers a fantastic investment opportunity that includes a great rental history or a perfect place to call home while renting out the other units. Built in 1920, the property retains classic architectural details while offering the comforts of today. Each unit features spacious, large bedrooms, providing ample living space for tenants. A unique feature of this building is that each unit comes with its own dedicated garage bay, ensuring convenient parking and additional storage space. Situated near local amenities, this property is in a prime location, with easy access to schools, shopping, restaurants, and medical care. With the rental history, convenient location, and practical layout, this Auburn property is an excellent opportunity for both investors and homeowners.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 3
Full bathrooms: 3

Heating

Baseboard, Hot Water, Zoned

Cooling

None

Features

Flooring: Carpet, Other, Vinyl
Basement: Interior Entry
Has fireplace: No

Interior area

Total structure area: 4,209
Total interior livable area: 4,209 sqft
Finished area above ground: 4,209
Finished area below ground: 0

Property

Parking

Total spaces: 3
Parking features: Garage - Attached
Attached garage spaces: 3

Features

Levels: Multi/Split

Lot

Size: 8,276 Square Feet

Details

Parcel number: AUBNM229L011
Zoning: UR-Urban Residential

Construction

Type & style

Home type: MultiFamily
Architectural style: Other
Property subtype: Multi Family

Materials

Roof: Flat,Other,Rolled/Hot Mop

Condition

Year built: 1920

Utilities & green energy

Electric: Circuit Breakers
Sewer: Public Sewer
Water: Public
Utilities for property: Utilities On

Community & HOA

Location

Region: Auburn

Financial & listing details

Price per square foot: $116/sqft
Tax assessed value: $213,700
Annual tax amount: $4,755
Date on market: 1/1/2025
Exclusions: Washers & Dryers (owned by tenants)

Price history

Date	Event	Price
4/23/2025	Listing removed	$2,000
Source: Zillow Rentals Report a problem
4/2/2025	Listed for rent	$2,000
Source: Zillow Rentals Report a problem
3/14/2025	Sold	$489,000+6.5%$116/sqft
Source: Maine Listings #1607431 Report a problem
1/6/2025	Pending sale	$459,000$109/sqft
Source: Maine Listings #1607431 Report a problem
1/1/2025	Listed for sale	$459,000$109/sqft
Source: Maine Listings #1607431 Report a problem
10/28/2024	Pending sale	$459,000$109/sqft
Source: Maine Listings #1607431 Report a problem
10/21/2024	Listed for sale	$459,000+383.7%$109/sqft
Source: Maine Listings #1607431 Report a problem
2/7/2010	Listing removed	$94,900$23/sqft
Source: Millett Realty Inc. #955929 Report a problem
1/30/2010	Price change	$94,900-4.6%$23/sqft
Source: Millett Realty Inc. #955929 Report a problem
12/20/2009	Price change	$99,500-5.1%$24/sqft
Source: Millett Realty Inc. #955929 Report a problem
11/14/2009	Listed for sale	$104,900$25/sqft
Source: Millett Realty Inc. #955929 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$4,755 +10%	$213,700 +12.5%
2023	$4,323 +20%	$190,000 +20%
2022	$3,601 -4.5%	$158,300
2021	$3,771 +2.8%	$158,300 +2.5%
2020	$3,669	$154,500
2019	$3,669 +0.3%	$154,500
2018	$3,659 +3%	$154,500
2017	$3,552 +2.9%	$154,500
2016	$3,453 +5.2%	$154,500
2015	$3,283 +4%	$154,500
2013	$3,156 +4.3%	$154,500
2012	$3,027 -3.8%	$154,500 -4.7%
2011	$3,145 +3.5%	$162,200 -2.3%
2009	$3,039 -6.5%	$166,000 -6%
2008	$3,251	$176,600 +31.3%
2006	--	$134,500