89 Oak Street, Lewiston, ME 04240
Duplex with two occupied apartments, fenced yard, and updated exterior features, offering a straightforward rental setup.
- Added:
- May 27, 2026
- Days on Market:
- 14
- Last Refresh:
- Jun 6 at 1:59 am
Property Features for 89 Oak Street
General Information
- Standard status
- Active
- Size
- 1,413 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1900
Listing agent Kenneth Jacques (207) 779-0367
Listing office Meservier & Associates (207) 779-0367
Listing date May 27, 2026
Source Compass
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 Meservier & Associates
HighLights
- 2‑unit duplex with long‑term tenants and an established rental history
- 1st‑floor unit: 2 bedrooms, 1 bath, and laundry (main level) with washer hookups
- 2nd‑floor unit: 1 bedroom and 1 bath
- Fenced yard and replacement windows
- Vinyl siding exterior with shingle roof
- Chimney recently sleeved and capped; appliances included
Overview
The home is located at 89 Oak Street in Lewiston, Maine. It is presented as a maintained investment property with long-term tenants in place, allowing for a turnkey transition for an owner who wants to add a duplex to their residential income portfolio.
For investors or buyers seeking an income-producing duplex, the separate two-level configuration provides distinct unit layouts while keeping maintenance centralized under one roof. The included appliances and recent exterior/roofline work (replacement windows, vinyl siding, and the updated chimney) help reduce near-term discretionary repairs, supporting a practical ownership plan. Prospective purchasers should verify all details of the leases and operating history during due diligence.
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 | $20.2k | $14.28 |
| − Vacancy | −$268 | −$0.19 |
| EGI | $19.9k | $14.09 |
| − OpEx | −$6.0k | −$4.23 |
| NOI | $13.9k | $9.86 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lewiston
- County
- Androscoggin
- State
- Maine
- Longitude
- -70.2131226
- Latitude
- 44.1001475
