RateMyAgentGo to search
Back 198 Summer St
Off Market

198 Summer St

Auburn ME 04210

3
3935 sq. ft.
7840.8 sq. ft.
Multi-Family
Last sold for $487,500
Toni FerraroToni Ferraro, last sold this property on 25 November 2025 after -281 days on market.

Overview

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!

Features

3 bathrooms
3935 sq. ft. floor area
7840.8 sq. ft. lot size
Multi-Family

Estimated Value

Based on this property and similar multi families sold in Auburn over the last 12 months, the estimated median property value of 198 Summer St is $404.38k.

Median value
$404.38k
Estimated value range
$20k - $600k
Median days on market
8
Estimated value trend
1%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Auburn. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 198 Summer St

2025
Sold
$487,500
25 Nov 2025 by Toni Ferraro, of Ferraro Realty LLC

Happy sellers in Auburn

70%
70% of sellers in Auburn reported that their sale price either exceeded or met their price expectations.

Auburn stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 11 reviews in Auburn over the last 12 months.

Local market activity for multi families in Auburn

In the last 12 months, 44 multi families similar to 198 Summer St, have been sold.

This represents a 7% decrease in multi families sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Auburn

placeholder
Tony Poulin

Sellers who recommend Tony Poulin have praised them for being local expert, responsive, clear communication, patient, supportive, dedicated, and calm

  •   5   (56 reviews)
  •  5 Reviews in Auburn
  •  16 Sales in Auburn
View profile
placeholder
Cindy Powell

Sellers who recommend Cindy Powell have praised them for being local expert, responsive, clear communication, supportive, patient, dedicated, and well-prepared

  •   5   (111 reviews)
  •  4 Reviews in Auburn
  •  4 Sales in Auburn
View profile
placeholder
Zachery Blair

Sellers who recommend Zachery Blair have praised them for being local expert, responsive, clear communication, dedicated, supportive, reliable, and stress-free process

  •   5   (64 reviews)
  •  1 Review in Auburn
  •  1 Sale in Auburn
View profile
placeholder
Dalia Nason

Dalia Nason is a recommended agent for Auburn.  They have 1 local sale and collected 1 local review across the last 12 months.

  •   5   (9 reviews)
  •  1 Review in Auburn
  •  1 Sale in Auburn
View profile
or
Skip the list and find your ideal agent to sell your propertyFind My Agent
RateMyAgent
Sales:
(619) 566-0008
Quick Links
© 2026 RateMyAgent
Privacy PolicyTerms & ConditionsLicensingSitemap