230 Oak Street Lewiston, ME 04240
MULTI_FAMILY - Lewiston, ME
Property Features for 230 Oak Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- MULTI
- Bathrooms
- 2
- Rooms
- Basement, Bathroom 2, Bathroom 1
- Parking features
- Off Street
- Interior features
- Bathtub
- Basement
- Unfinished
- Standard status
- Active
- Size
- 1,022 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2118
Utilities
- Sewer type
- Public Sewer
- Heating system
- Propane (Heating), Electric (Heating), Forced Air
- Water source
- Public
Building Details
- Year built
- 1901
- Number of units
- 2
- Flooring type
- Carpet, Wood
- Building materials
- Wood Frame, Vinyl Siding
- Roof type
- Shingle, Metal
Listing agent Richard Dow (207) 332-3741
Listing office Keller Williams Realty 50 Sewall Street, Portland, ME (207) 879-9800
Listing date Jul 16, 2026
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.
Located in Lewiston, the property is just minutes from Central Maine Medical Center and less than 5 minutes from both Bates College and Central Maine Community College, supporting a practical live-work-or-rent mix for tenants.
The home includes a total size of 1,022 square feet on a 0.13-acre lot. An open house is scheduled for Saturday (7/11) from 9:30am to 11:00am, and seller concessions are available, including a rate buy down (ask for details).
Key Highlights
- 2‑unit multi‑family home with both units offering 1 bedroom and a full bath
- Year built 1901; wood frame construction with vinyl siding
- Newer roof plus updated furnace; heating includes propane and electric forced‑air systems
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 | $14.6k | $14.28 |
| − Vacancy | −$194 | −$0.19 |
| EGI | $14.4k | $14.09 |
| − OpEx | −$4.3k | −$4.23 |
| NOI | $10.1k | $9.86 |
