Oakland Triplex: Investment
98 Church Street Oakland, ME 04963
98 Church Street, Oakland, ME, 04963
$240,000
For Sale
$240,000
MULTI_FAMILY - Other - Oakland, ME
Property Size1,800 SF
Lot Size0.14 Acres
Price / SF$133.33
Days on Market110
Property Features for 98 Church Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- DowntownRES
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bathroom 3, Basement, Bathroom 1
- Parking features
- Off Street
- Basement
- Walk-Out Access, Partial
- Standard status
- Active
- Size
- 1,800 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 1645
Utilities
- Sewer type
- Public Sewer
- Heating system
- Hot Water(Heating), Oil
- Water source
- Public
Building Details
- Year built
- 1920
- Number of units
- 3
- Flooring type
- Vinyl, Wood, Laminate, Carpet
- Building materials
- Wood Frame, Wood Siding
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
Coldwell Banker Realty
(207) 725-8522
51 Pleasant Street, Saco, ME
Listed by
Donna DeMarsh
(207) 491-4228
Added: Apr 3 Updated: Jul 11 at 11:33 am Checked: Jul 21 at 6:06 am
MLS# 1652165
Listing URL
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 three-unit property in Oakland, Maine, presents a strong investment opportunity with a history of positive cash flow. The property includes two one-bedroom units and one two-bedroom unit, all of which are currently rented. The property is 1800 square feet in size and sits on a 0.14-acre lot. The zoning is DowntownRES. An owner-occupant could potentially live rent-free, with tenants covering the mortgage.
Key Highlights
- Three‑unit Oakland property with two 1‑bedroom units and one 2‑bedroom unit
- All three units are currently rented, supported by a strong rental history
- Year built 1920 with wood frame and wood siding construction
Local Financial Insights For Multifamily LT 5
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 | $29.2k | $16.20 |
| − Vacancy | −$443 | −$0.25 |
| EGI | $28.7k | $15.95 |
| − OpEx | −$8.6k | −$4.79 |
| NOI | $20.1k | $11.17 |
1,800 SF · lease $16.20/SF/yr · vacancy 1.52% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$287.2K
$251.3K – $335.0K
NOI $20,102 @ 7.0% cap · market cap 8.38%
Second Best
Apartment 5plus
$250.5K
$219.2K – $292.3K
NOI $17,535 @ 7.0% cap · market cap 7.31%
Theoretical Best
Warehouse
$2.69M
$2.35M – $3.13M
NOI $187,980 @ 7.0% cap · market cap 78.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three-unit property in Oakland, Maine with strong rental history.
Where is this triplex located?
The property is located at 98 Church Street Oakland, ME.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Three‑unit Oakland property with two 1‑bedroom units and one 2‑bedroom unit; All three units are currently rented, supported by a strong rental history; Year built 1920 with wood frame and wood siding construction
