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$487,500
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Property Description
Spacious 3-Unit Apartment Building - Great Investment Opportunity! 🏡💼 Welcome to this well-cared-for 3-unit apartment building offering roomy 2-bedroom layouts, hardwood floors, and warm, inviting spaces throughout. Each unit has a functional design with large living areas, natural light, and plenty of charm. Two units feature washer and dryer hookups, and two offer efficient Rinnai backup heating systems - perfect for Maine winters! Tenants enjoy the convenience of natural gas heat, ample off-street parking, and individual storage rooms for each unit. The building has been thoughtfully maintained, with a new heating system (approx. 5 years old) and a roof just 7 years old, providing peace of mind for years to come. All three units are currently rented on a month-to-month basis, making this property ideal for both investors and those looking for an owner-occupied opportunity. You'll love the central location - just minutes from shopping malls, hospitals, restaurants, and easy highway access. This property blends practicality with potential, offering comfort for tenants and reliable income for owners. Whether you're adding to your portfolio or searching for your first investment, this multi-unit has the space, updates, and location that make it a smart choice. Don't miss your chance to own a solid property with lasting value!
Full Property Details
Full Property Details for 198 Summer St
General
- Sold For: $487,500
- Taxes: $3,437 (2024)
- Status: Closed
- Type: Multi-Family
- Source: MREIS
- MLS ID: 1639969
- Added to Site: 98 day(s) ago
Interior
- Flooring: Vinyl, Carpet
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Other Rooms
- Laundry: Washer Hookup
Exterior
- Porch/Patio/Deck: Deck, Porch
Parking
- Parking Features: 5 - 10 Spaces, Paved, On-Site Parking
Location
- County: Androscoggin
Heating & Cooling
- Cooling Type: None
- Heating Type: Direct Vent Heater, Baseboard
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: New Englander
- Construction: Wood Siding, Wood Frame
- Roof: Shingle
- Stories/Levels: 3
- Building Size: 3935
- Square Feet: 3,935
- Living Area: 3,935 Sq. Ft.
- Finished Total: 3,935 Sq. Ft.
- Finished Above Grnd: 3,935 Sq. Ft.
- Year Built: 1902
Lot Features
- Lot Size (Acres): 0.18
- Lot Size (Sq. Ft.): 7,840.8
- Lot Size Source: Public Records
- Zoning: T4.2
- Lot Description: Well Landscaped, Level, Sidewalks, Intown, Near Golf Course, Neighborhood, Shopping Mall, Ski Resort
- Fencing (Description): Fenced
Financial Considerations
- Tax Amount: $3,437
- Tax Year: 2024
Disclosures and Reports
- Lot Number: 224
Listed by Ferraro Realty LLC (207) 241-0800
Sold by Keller Williams Realty (207) 879-9800
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Schools
Schools serving 198 Summer St
School District:Auburn
| Name | Grades | Distance |
|---|---|---|
Washburn School 35 Lake Auburn Avenue, Auburn, ME 04210 | PK-6 | 0.2 mi |
Auburn Middle School, Auburn, ME 38 Falcon Drive, Auburn, ME 04210 | 7-8 | 1.3 mi |
Edward Little High School 77 Harris Street, Auburn, ME 04210 | 9-12 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 198 Summer St
Date
Details
Price
Change
Source
11/25/2025
Sold
$487,500
-2.5%
MLS
10/10/2025
Listed
$500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
198 Summer Street, Auburn, ME 04210 (MLS# 1639969) is a Multi-Family property that was sold at $487,500 on November 25, 2025. Want to learn more about 198 Summer Street? Do you have questions about finding other Multi-Family real estate for sale in Auburn? You can browse all Auburn real estate or contact a Coldwell Banker agent to request more information.

