Two-Unit Duplex with Individual
New
For Sale
$289,000
34 Oak Street, Augusta, ME 04330
Multi-Family, Augusta, ME
Property Size2,430 SF
Lot Size0.07 Acres
Price / SF$118.93
Days on Market5
Property Features for 34 Oak Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
BP
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Parking features
Off Street
Patio and Porch features
Deck
Basement
Full, Unfinished, Crawl Space
Lot features
Rolling/ Sloping, Open, Level, Sidewalks, Intown, Near Shopping, Neighborhood, Near Public Transit
Standard status
Active
Size
2,430 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4112
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Water source
Public
Amenities
washer/dryer
off-street parking
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Flooring type
Wood, Laminate
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
Maine Source Realty
(207) 333-6001
Listed By:
Brandon Caruso
(610) 883-3465
Added: Oct 2
Last Checked: Oct 6 at 4:06AM
MLS# 1682897
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 2,430-square-foot duplex on a 0.07-acre parcel dates to 1900 and is zoned BP. Its two apartments have each received updates to bathrooms, flooring, windows, paint, and the roof. Heating is provided by natural gas forced-air equipment, and each unit has its own washer and dryer. The building also includes a deck and off-street parking.
Situated at 34 Oak Street in Augusta, the property has public water and public sewer. Both units are occupied on month-to-month rental agreements; residents pay their own electricity and hot water. The property’s improvements and two-unit configuration are complemented by individual laundry facilities and dedicated off-street parking.
Situated at 34 Oak Street in Augusta, the property has public water and public sewer. Both units are occupied on month-to-month rental agreements; residents pay their own electricity and hot water. The property’s improvements and two-unit configuration are complemented by individual laundry facilities and dedicated off-street parking.
Key Highlights
- Two‑unit duplex with 2,430 square feet of building area
- 0.07‑acre parcel; built in 1900
- Both units occupied on month‑to‑month agreements
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.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
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
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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 apartments are occupied under month-to-month agreements and have separate washers and dryers.
Where is this duplex located?
The property is located at 34 Oak Street 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‑unit duplex with 2,430 square feet of building area; 0.07‑acre parcel; built in 1900; Both units occupied on month‑to‑month agreements
