Augusta Homes for Sale

Augusta Homes for Sale

Augusta, Maine, offers a diverse housing market appealing to a wide range of preferences. From historic homes with charming architectural details in established neighborhoods to modern constructions with contemporary amenities, potential buyers will find a variety of options to suit their lifestyle. The city's central location provides convenient access to employment opportunities, cultural attractions, and outdoor recreational activities, making it a desirable place to call home.

Those looking to invest in real estate in Augusta will discover a market with a strong sense of community. Neighborhoods boast a mix of residents, fostering a welcoming atmosphere. With its proximity to the Kennebec River and numerous parks and trails, the area provides ample opportunity to enjoy the natural beauty of Maine. Finding the right property in Augusta often involves exploring different areas, each with its unique character and appeal.

Whether you're a first-time homebuyer, a growing family, or someone seeking a peaceful retirement, Augusta's housing market presents appealing possibilities. The city's relatively affordable cost of living, combined with its access to healthcare, education, and entertainment, makes it an attractive option for those seeking a balanced lifestyle. Exploring the local real estate scene reveals a promising blend of affordability, community, and Maine charm.

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Augusta Homes for Sale

$255,000
2 Baths 1673153 MLS
Looking to get into real estate investing or offset your mortgage with rental income? This well-maintained two-unit property offers flexibility that's hard to find. Unlike a traditional side-by-side duplex, these apartments are arranged one above the other, providing two spacious living areas with separate entrances. Whether you're looking to owner-occupy one unit while renting the other or add a solid income-producing property to your portfolio, this property is worth a closer look. An added bonus is the home's versatility. With its layout, the property could be converted back into a single-family home with relative ease, giving future owners additional options as their needs change. Each unit features bright living spaces, two comfortable bedrooms, functional kitchens, and the convenience of its own washer and dryer hookups. Each unit also offers its own heating source and own electric meter allowing for heat and electricity to be paid for by tenants should you desire. The property generates an estimated gross annual rental income of $31,200 with estimated annual operating expenses of $10,938, making it an attractive opportunity. Outside, you'll find ample parking and a manageable yard that's easy to maintain while still offering space to relax or garden. The asphalt roof, vinyl siding and vinyl window provides for ease of maintenance, plus the convenient location puts shopping, schools, and major commuting routes just a short distance away. In addition, the basement is easily accessed from an exterior door making storage a breeze. Whether you're looking to build equity through rental income, expand your investment portfolio, or own a home with built-in flexibility for the future, this property checks all the boxes. Schedule your private showing today before this opportunity is gone.

518 Riverside Dr, Augusta

Listing courtesy of Pouliot Real Estate. 207-248-6044

$2,757,000
2 Baths 1672763 MLS
Tremendous opportunity to pick up where the current owner left off. This property includes an older two-unit farmhouse as a residential rental. Beyond the 7.3 ac. of developable land, a major starting point is the Circa 1847+/- existing Bank Barn with a 3,000 sq. ft. footprint and above the full basement/garage with concrete floor, this three-story behemoth is solidly framed space with significant cubic footage and loft levels, providing the potential to build out six or more additional 1,500 sq. ft. residential units as rentals or the start of a condominium complex. All utilities can be housed in the expansive garage/basement space to service all the new units. Due to shifting market conditions, local contractor availability post-COVID-19, and personal physical limitations, the current owner has decided to pass this concept on to a new landlord, developer or builder rather than completing the project themselves. You'll have a great head start with quick renovations and buildout of 8 or more units within the present building envelope and be ahead of the game while taking your time to build between 65-100 more units at market rate or go low income and plan up to 400 plus rentals. This property represents a major opportunity for various development concepts, as Augusta's zoning allowances are flexible, since the property is in a high density residential development district. Potential buyers are encouraged to explore the various state and local assistance programs for which this project may qualify. Buy both lots @ the listed/asking price, or buy just one of either separately deeded lot for $1,557,000.00. Also listed in Land category (MLS# 1666418) and as commercial (MLS# 1672757)

57 Oxford St, Augusta

Listing courtesy of OwnerEntry.com.

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