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About the Listing 2974 - 005354
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 appointment only. Drive-by welcome prior to requesting a showing. please conduct drive-by only (do not walk the property).
Listing Highlights
Status
Active
Days on Site
23
Property Type
Multi-Family
MLS ®
1652054
Year Built
1800
Total Square Footage
3,424
Lot/Acreage
0.71
County
Kennebec
School District
Augusta Public Schools
Interior Details
- Bedrooms: 0
- Bathrooms: 12 Full
- Appliances:
- Air Cond:
- Heating: Hot Water,Forced Air,Direct Vent Heater,Baseboard
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 3424
- Below Ground Sq Ft: 0
- Basement: Full,Bulkhead
- Other:
- Water: Public
Exterior Details
- Lot Description: Other Location,Corner Lot,Sidewalks,Interior Lot,Intown,Near Shopping,Near Town,Neighborhood
- Garage Capacity: 1 car
- Zoning: RC
- Roof: Shingle
- Others:
- Sewer: Public Sewer
- Parking Features: Paved,On Site
Financial Details
- Tax Amount: $3,548
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Questions About..
18 Crosby St Augusta, ME 04330
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