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18 Crosby Street

Augusta

$1,100,000

beds   ·   12 baths   ·   3,424 sqft   ·   0.71 acres   ·   taxes: $3,548   ·   MLS#: 1652054

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).

MORE DETAILS

Structure

  • Electric : Circuit Breakers
  • Year Built : 1800
  • Style : Colonial
  • Flooring : Wood, Vinyl
  • Garage Spaces : 1.00
  • Roof : Shingle
  • Basement : Full, Bulkhead
  • Heating : Hot Water, Forced Air, Direct Vent Heater, Baseboard
  • Cooling : None

Site

  • Water Source : Public
  • Sewer : Public Sewer
  • Zoning : RC
  • Road Surface Type : Paved
Listing provided by Spectrum Real Estate

Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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© Camden Real Estate Company
43 Elm Street
Camden, Maine 04843
207.236.6171
info@camdenre.com
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43 Elm Street Camden, Maine 04843
207.236.6171     info@camdenre.com
   
© Camden Real Estate Company
privacy policy