Two-Unit
For Sale
$289,000
34 Oak St, Augusta, ME 04330
Both residences are occupied under month-to-month agreements, with individual laundry and off-street parking.
Property Size2,430 SF
Lot Size0.40 Acres
Price / SF$118.93
Days on Market12
Property Features for 34 Oak St
General Information
Standard status
Active
Size
2,430 SF
Lot size
0.40 Acres
Property subtype
Multi-Family
Occupancy
78%
Units
Unit Mix
6 x 1BR/1BA
Multifamily Units
6
Additional Details
Furnished
Yes
Business Included
Yes
Building Details
Year Built
1900
Year Renovated
2023
Buildings
1
Listed By:
Kathy Gallant
(207) 841-7569
Source:
Gre207
Added: Oct 4
Last Checked: Oct 14 at 11:19PM
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 Kathy Gallant
Investment Insights
Based on property information with market context.
This 2,430-square-foot duplex in Augusta dates to 1900 and has two occupied units, each equipped with a washer and dryer. Both tenancies are month-to-month. Updates have been made to the roof, windows, flooring, paint and bathrooms, and the building uses natural gas heat. Each residence has its own off-street parking. Tenants pay for their electricity and hot water.
Key Highlights
- Two occupied units with month‑to‑month rental agreements
- 2,430‑square‑foot building constructed in 1900
- Natural gas heat
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,672
Cap Rate
8.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$473,440
$473.4K
Cap Rate 7%
$338,171
$338.2K
Cap Rate 9%
$263,022
$263.0K
Market Conditions
NOI Build-Up for 2,430 SF
Gross rent
$43.7K $18.00/SF
− Vacancy
−$700 −$0.29/SF
EGI
$43.0K $17.71/SF
− OpEx
−$19.4K −$7.97/SF
NOI
$23.7K $9.74/SF
Area
Kennebec County, ME
Vacancy
1.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$473,440
Cap Rate 7%
$338,171
Cap Rate 9%
$263,022
Alternative Uses
Best Use
Multifamily LT 5
$387.7K
$339.2K – $452.3K
NOI $27,137 @ 7.0% cap · market cap 9.39%
Second Best
Apartment 5plus
$338.2K
$295.9K – $394.5K
NOI $23,672 @ 7.0% cap · market cap 8.19%
Theoretical Best
Warehouse
$3.63M
$3.17M – $4.23M
NOI $253,773 @ 7.0% cap · market cap 87.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
6
Residential units
78%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,378
Businesses Nearby
Explore this area
Business Placement
Demographics for 04330, ME
26,322
Population
13,017
Households
2
Avg Household Size
44
Median Age
28%
College-Educated
95%
High-School Grad
116.9 sq mi
ZIP Area
225
Density / Sq Mi
$55,158
Median Household Income
$43,177
Median Earnings
$912
Median Rent
$197,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences are occupied under month-to-month agreements, with individual laundry and off-street parking.
Where is this duplex located?
The property is located at 34 Oak St Augusta, ME.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: Two occupied units with month‑to‑month rental agreements; 2,430‑square‑foot building constructed in 1900; Natural gas heat
