18 Crosby Street, Augusta, ME 04330

$1,100,000
Property Type: Multi-Family Baths: 12 Square Footage: 3,424 Lot Size (sq. ft.): 30,928 Status: Active
Current Price: $1,100,000 List Date: 2/17/2026 Last Modified: 2/23/2026

Description

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).

Supplements: ********

More Information MLS# 1652054

Location Information

Book: 15271 Leased Land: No Page: 342 Map: 34 Lot: 227 Zoning Overlay: No Association: No School District: Augusta Public Schools Tree Growth Y/N: No Street #: 18 Street Name: Crosby Street Type: Street County: Kennebec Town: Augusta State/Province: ME Zip Code: 04330 Zoning: RC Full Tax Amount $: 3548 Tax Year: 2025 Geo Lat: 44.318327 Geo Lon: -69.775346

Property Information

Surveyed: Unknown Seasonal: No Owner Occupied: No Number of Units: 12 Deed/Conveyance Type Offered: Quit Claim w/Covenant Deed: All Deed Restrictions: Unknown Lot Size Acres +/-: 0.71 Total Baths: 12 Total Half Baths: 0 Road Frontage: Yes Road Frontage +/-: 56 Source of Road Frontage: Public Records SqFt Finished Above Grade: 3424 SqFt Finished Below Grade: 0 SqFt Source: Public Records Garage: Yes Garage Spaces: 1 Total Full Baths: 12 Year Built: 1800 SqFt Finished Total: 3424 Source of Acreage: Public Records

Site

Corner Lot: 1 Sidewalks: 1

Location

Interior Lot: 1 Intown: 1 Near Shopping: 1 Near Town: 1 Neighborhood: 1 Other Location: 1

Roads

Paved: 1 Public: 1

Transportation

Major Road Access: 1

Water Info

Water Frontage: No Water View: No

Style

Colonial: 1

Construction

Wood Frame: 1

Basement

Full: 1

Foundation Materials

Poured Concrete: 1 Stone: 1

Exterior

Vinyl Siding: 1

Roof

Shingle: 1

Heat System

Baseboard: 1 Direct Vent Heater: 1 Forced Air: 1 Hot Water: 1

Building Info

# Stories: 3 # Heating Units: 3

Heat Fuel

Gas Bottled: 1 Oil: 1

Income & Expenses

Gross Income: 161400 Operating Expenses: 60515.97

Cooling

None: 1

Floors

Vinyl: 1 Wood: 1

Units

# of 1 BD Units: 7 # of 2 BD Units: 5

Parking

On Site: 1

Unit 1

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 2000 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 2 Dedicated Electric Meter: No Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: Yes Heat: No Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Electric

Circuit Breakers: 1

Unit 2

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 1020 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: No Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: Yes Heat: No Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Utilities

Utilities On: No

Unit 3

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 725 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: No Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: Yes Heat: No Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Gas

No Gas: 1

Unit 4

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 800 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 1 Dedicated Electric Meter: No Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: Yes Heat: No Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Sewer

Public Sewer: 1

Unit 5

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 1500 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 2 Dedicated Electric Meter: No Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: Yes Heat: No Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Water

Public: 1

Unit 6

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 900 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: No Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: Yes Heat: No Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 7

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 900 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: No Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: Yes Heat: No Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 8

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 900 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: No Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: Yes Heat: No Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 9

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 1295 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 2 Dedicated Electric Meter: No Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: Yes Heat: No Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 10

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 1200 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 2 Dedicated Electric Meter: No Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: Yes Heat: No Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 11

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 1300 # Full Baths: 1 # of Rooms: 4 # of Bedrooms: 2 Dedicated Electric Meter: No Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: Yes Heat: No Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 12

Lease: Yes Level: First Security Deposit: Yes Monthly Rent: 910 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: No Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: Yes Heat: No Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Driveway

Paved: 1

Basement Entry

Bulkhead: 1

Water Heater

Electric: 1

Vehicle Storage

No Vehicle Storage: 1

Contract Information

Status: Active Original List Price: 1100000 List Price: $1,100,000 Current Price: $1,100,000

Property Features

Site: Corner Lot; Sidewalks Location: Interior Lot; Intown; Near Shopping; Near Town; Neighborhood; Other Location Roads: Paved; Public Transportation: Major Road Access Style: Colonial Construction: Wood Frame Basement: Full Basement Entry: Bulkhead Foundation Materials: Poured Concrete; Stone Exterior: Vinyl Siding Roof: Shingle Heat System: Baseboard; Direct Vent Heater; Forced Air; Hot Water Heat Fuel: Gas Bottled; Oil Water Heater: Electric Cooling: None Floors: Vinyl; Wood Driveway: Paved Parking: On Site Vehicle Storage: No Vehicle Storage Electric: Circuit Breakers Gas: No Gas Sewer: Public Sewer Water: Public
Listing Office: Spectrum Real Estate
IDX
Last Updated: February - 23 - 2026
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