About this home
Opportunity awaits at this well-maintained two-unit property in a desirable Auburn neighborhood! Offering two spacious units with separate entrances, this property is an appealing addition to an investment portfolio, with both units currently leased and generating rental income. Recent improvements include updated kitchens in both units in 2025 featuring new cabinetry and flooring, along with updated electrical. Additional major updates include new siding in 2022 and a new furnace in 2023. Hardwood flooring, generously sized rooms, and plenty of natural light add warmth and character throughout. The property is situated in a desirable neighborhood with strong rental demand, close to public transportation, shopping, schools, and Lake Auburn. With established tenants already in place and significant recent improvements completed, this is a great opportunity to add an income-producing property to your portfolio.
Listing last checked: Listing updated:
Listed by Listing Agent · Maine Real Estate Experts · MLS #1679049
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Details at a glance
Interior4 property facts
- Heating
- Baseboard, Hot Water
- Cooling
- None
- Flooring
- Laminate, Tile, Wood
- Fireplaces
- 1
Building5 property facts
- Style
- Duplex
- Year built
- 1952
- Garage
- 0
- Foundation
- Poured Concrete
- Roof
- Metal
Land & utilities4 property facts
- Lot size
- 0.11 acres
- Water
- Public
- Sewer
- Public Sewer
- Zoning
- Urban Res
Financial2 property facts
- Annual taxes
- $4,690
- Assessment year
- 2025
Location
Estimated monthly cost
Explore costs at the $419,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$2,510 / monthAdjust
- Principal & interest
- $2,119
- Property tax
- $391
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $4,690. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
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About 118 Gamage Avenue
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Request a tour of 118 Gamage Avenue and a Bean Group agent will help coordinate an available time with the listing side.
Can you help me evaluate this property?
Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.
Are property documents available?
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