Oakland Multi-Family Income
11 Church Street Oakland, ME 04963
For Sale
$299,900
MULTI_FAMILY - Oakland, ME
Property Size2,600 SF
Lot Size0.07 Acres
Price / SF$115.35
Days on Market113
Property Features for 11 Church Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Residential/Commer
- Bathrooms
- 2
- Rooms
- Basement, Bathroom 2, Bathroom 1
- Parking features
- On Street
- Basement
- Unfinished, Partial, Dirt Floor
- Standard status
- Active
- Size
- 2,600 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 2225
Utilities
- Sewer type
- Public Sewer
- Heating system
- Propane (Heating)
- Water source
- Public
Building Details
- Year built
- 1900
- Number of units
- 2
- Flooring type
- Laminate, Linoleum, Tile, Carpet
- Building materials
- Masonry, Wood Frame, Vinyl Siding
- Roof type
- Membrane
Listing Agency:
Keller Williams Realty
(207) 879-9800
Listed By:
Francois Rodrigue
(207) 873-9013
Added: Apr 4
Changed: Jul 7
Last Checked: Jul 25 at 4:06AM
MLS# 1653128
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-unit multi-family property is located in Oakland, Maine. Each unit has separate utilities, allowing tenants to pay their own heat and electricity. The property includes additional office space that could be converted into expanded living space for the first-floor unit, pending verification of permitted uses with local officials. Recent improvements include sewer lines replaced approximately four years ago and Rinnai heaters installed approximately two years ago. The property is situated minutes from Waterville and close to local amenities, shopping, dining, and services. The property has a lot size of 0.07 acres and a property size of 2600 square feet. The zoning is Residential/Commer. It offers income potential and added flexibility.
Key Highlights
- In‑town 2‑unit multi‑family property with separate utilities for each unit (tenants pay their own heat and electricity)
- Additional office space on the property with potential to be converted into expanded living space for the first‑floor unit (buyer to verify permitted uses)
- Recent updates include sewer lines replaced approximately 4 years ago
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.8k | $18.00 |
| − Vacancy | −$749 | −$0.29 |
| EGI | $46.1k | $17.71 |
| − OpEx | −$20.7k | −$7.97 |
| NOI | $25.3k | $9.74 |
2,600 SF · lease $18.00/SF/yr · vacancy 1.60% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$414.8K
$363.0K – $483.9K
NOI $29,036 @ 7.0% cap · market cap 9.68%
Second Best
Apartment 5plus
$361.8K
$316.6K – $422.1K
NOI $25,328 @ 7.0% cap · market cap 8.45%
Theoretical Best
Warehouse
$3.88M
$3.39M – $4.53M
NOI $271,526 @ 7.0% cap · market cap 90.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-unit multi-family property in Oakland with income potential.
Where is this duplex located?
The property is located at 11 Church Street Oakland, ME.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: In‑town 2‑unit multi‑family property with separate utilities for each unit (tenants pay their own heat and electricity); Additional office space on the property with potential to be converted into expanded living space for the first‑floor unit (buyer to verify permitted uses); Recent updates include sewer lines replaced approximately 4 years ago
