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Sold on 11/20/2024
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27 Eastern Ave, Augusta, ME 04330

  • $651,000

    Last sold 11/20/2024 for $647K

  • 10

    bed

  • 1059

    bath

  • 5,478

    Sqft ($118/Sqft)

Multi-family not for sale
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About 27 Eastern Ave

Property type Multi-family
Year built 1938
HOA fee $0/month
Lot size 9,583 Sqft
Movoto estimate
Property description
Well maintained 10-unit apartment building consisting of 6 1-bedrooms and 4 2-bedroom units. Conveniently located in close proximity to the state capital campus. New furnace. Large off-street parking lot. Basement laundry area. Below market rents with significant upside potential. Great investment opportunity with projected 10%+ cap rate.
Listed by
Listing Agent - Jonathan Leahy
Listing Office - J T Leahy Real Estate
Source: MREIS mls logo
MLS#1596326 • last updated 2 months ago
Movoto checked MREIS for data 8 minutes ago
Overview
Heating Baseboard, Hot Water
Levels/Style Multi-Level, Other
MLS # 1596326
SqFt 5478
Status Closed
Lot Size (Acres) 0.22
Lot Size (Sqft) 9583.2
Property Tax 6172
Year Built 1938
Interior
Total # of Bathrooms 1059
# Full Baths 1059
Flooring Carpet, Vinyl
Exterior
Amenities / Utilities
Water Source Public
Location
Zoning RB1
Multifamily Details
Total # Of Units 10
Operating Expense 35000
Gross Income 110340
$651K
Range: $559K-$742K
Last 30 days 
  • Nov 2024
    mls logo MLS # 1596326
  • Nov 21, 2024 Sold
    $647,500 (-7.5%)
  • Sep 20, 2024 Pending
    —
  • Sep 3, 2024 Listed
    $700,000 (-3.4%)
  • Aug 1, 2024 Pending
    —
  • Jul 10, 2024 Listed
    $725,000
  • Dec 2023
    mls logo MLS # 1564183
  • Dec 31, 2023 Expired
    —
  • Sep 11, 2023 Price Change
    $725,000 (-9.3%)
  • Jul 17, 2023 Price Change
    $799,000 (-6.0%)
  • Jul 4, 2023 Listed
    $850,000 (+66.7%)
  • Dec 2021
    mls logo MLS # 1499478
  • Dec 20, 2021 Sold
    $510,000 (+3.0%)
  • Jul 11, 2021 Pending
    —
  • Jul 1, 2021 Listed
    $495,000 (+65.3%)
  • May 2005
    mls logo MLS # 744272
  • May 6, 2005 Expired
    —
  • Apr 23, 2005 Listed
    $299,500
  • 27 Eastern Ave
    $647K
  • —
  • 04330
    $530K +78% y/y
  • Augusta
    $295K +2% y/y
No chart available
Statistics calculated by Movoto

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3/10
Cony Middle School
public Grades 7-8
Augusta Public Schools
3/10
Cony Middle and High School
public Grades 9-12
Augusta Public Schools
Source: GreatSchools.org © 2026. All rights reserved.

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  • ME
  • Kennebec County
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