Three-Unit Residential Income
98 Church Street Oakland, ME 04963
98 Church Street, Oakland, ME, 04963
$240,000
For Sale
$240,000
Three-unit property with two one-bedroom and one two-bedroom unit, all currently rented.
Property Size1,800 SF
Price / SF$133.33
Days on Market154
Property Features for 98 Church Street
General Information
- Standard status
- Active
- Size
- 1,800 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1920
Listing agency
Coldwell Banker Realty
(207) 491-4228
Listed by
Donna DeMarsh
(207) 491-4228
Source
Compass
Added: Feb 18 Updated: Jul 21 at 10:03PM Checked: Jul 22 at 10:24AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This three-unit residential income property consists of two one-bedroom units and one two-bedroom unit. All units are currently rented, supporting an income-oriented configuration for an owner or investor.
The property is located at 98 Church Street in Oakland, ME 04963. It is offered for sale at $240,000.
At approximately 1,800 square feet total property size, the building is set up as a straightforward three-unit rental arrangement with the full unit mix already in place.
The property is located at 98 Church Street in Oakland, ME 04963. It is offered for sale at $240,000.
At approximately 1,800 square feet total property size, the building is set up as a straightforward three-unit rental arrangement with the full unit mix already in place.
Key Highlights
- Three‑unit Oakland property with two 1‑bedroom units and one 2‑bedroom unit
- All three units are currently rented
- Year built: 1920
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 | $29.2k | $16.20 |
| − Vacancy | −$443 | −$0.25 |
| EGI | $28.7k | $15.95 |
| − OpEx | −$8.6k | −$4.79 |
| NOI | $20.1k | $11.17 |
1,800 SF · lease $16.20/SF/yr · vacancy 1.52% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$287.2K
$251.3K – $335.0K
NOI $20,102 @ 7.0% cap · market cap 8.38%
Second Best
Apartment 5plus
$250.5K
$219.2K – $292.3K
NOI $17,535 @ 7.0% cap · market cap 7.31%
Theoretical Best
Warehouse
$2.69M
$2.35M – $3.13M
NOI $187,980 @ 7.0% cap · market cap 78.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three-unit property with two one-bedroom and one two-bedroom unit, all currently rented.
Where is this triplex located?
The property is located at 98 Church Street Oakland, ME.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Three‑unit Oakland property with two 1‑bedroom units and one 2‑bedroom unit; All three units are currently rented; Year built: 1920
