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
Documents
Listing Office:
Spectrum Real Estate
IDX
Last Updated: February - 23 - 2026
Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. Copyright ©2022 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.

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