Two-Unit Duplex With Office
For Sale
$299,900
11 Church Street, Oakland, ME 04963
Separate utilities let each unit carry its own heat and electricity costs.
Property Size2,600 SF
Price / SF$115.35
Days on Market195
Property Features for 11 Church Street
General Information
Standard status
Active
Size
2,600 SF
Property subtype
Multi-family
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1900
Tenancy
Multi
Listing Agency:
Keller Williams Realty
Listed By:
Francois Rodrigue
(603) 866-2942
Source:
Profoundrealestate
Added: Jan 23
Changed: Aug 4
Last Checked: Aug 6 at 4:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty
Investment Insights
Based on property information with market context.
This 2,600-square-foot duplex contains two residential units along with additional office space. Separate utilities serve the units, and tenants pay their own heat and electricity. The office area may offer a path to expanded living space for the first-floor unit, subject to confirmation of permitted uses with local officials.
Sewer lines were replaced approximately four years ago, and Rinnai heaters were installed approximately two years ago. The property is located in Oakland, just minutes from Waterville and near shopping, dining, services, and other local amenities.
Sewer lines were replaced approximately four years ago, and Rinnai heaters were installed approximately two years ago. The property is located in Oakland, just minutes from Waterville and near shopping, dining, services, and other local amenities.
Key Highlights
- 2,600 SF duplex with two residential units
- Additional office space may support expanded first‑floor living area, subject to local‑use verification
- Separate utilities for each unit
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
Office B
$525.1K
$459.4K – $612.6K
NOI $36,754 @ 7.0% cap · market cap 12.26%
Second Best
Multifamily LT 5
$414.8K
$363.0K – $483.9K
NOI $29,036 @ 7.0% cap · market cap 9.68%
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 authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
211
Businesses Nearby
Explore this area
Business Placement
Demographics for 04963, ME
7,358
Population
4,279
Households
1.7
Avg Household Size
45
Median Age
24%
College-Educated
95%
High-School Grad
51.1 sq mi
ZIP Area
144
Density / Sq Mi
$73,611
Median Household Income
$49,913
Median Earnings
$885
Median Rent
$228,200
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Separate utilities let each unit carry its own heat and electricity costs.
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: 2,600 SF duplex with two residential units; Additional office space may support expanded first‑floor living area, subject to local‑use verification; Separate utilities for each unit
