About this home
Excellent investment opportunity at 34 Oak Street in Augusta! This updated in-town two-unit offers strong rental income and a solid opportunity for an investor looking for an established, income-producing property. The property has benefited from numerous improvements, including updates to the roof, windows, flooring, paint, bathrooms, and more. The property is heated efficiently with natural gas, helping keep overall operating costs manageable. Each unit also has their own washer & dryer, dedicated off-street parking, adding convenience for tenants. Both units are currently occupied on month-to-month rental agreements, with Unit 1 renting for $1,400 per month and Unit 2 for $1,300 per month, generating $32,400 in annual gross rental income. Tenants pay their own electric and hot water. With established rental income, efficient natural-gas heat, dedicated parking, updated major components, and a convenient Augusta location, this property offers an attractive opportunity for both seasoned and first-time multifamily investors. 34 Oak Street, Augusta and 167 Summer Street, Auburn may also be purchased together as a package, with favorable package pricing available. Inquire for details.
Listing last checked: Listing updated:
Listed by Listing Agent · Maine Source Realty · MLS #1682897
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Details at a glance
Interior4 property facts
- Heating
- Forced Air
- Cooling
- None
- Flooring
- Laminate, Wood
- Fireplaces
- 0
Building5 property facts
- Style
- Duplex
- Year built
- 1900
- Garage
- 0
- Foundation
- Poured Concrete
- Roof
- Shingle
Land & utilities4 property facts
- Lot size
- 0.07 acres
- Water
- Public
- Sewer
- Public Sewer
- Zoning
- BP
Financial2 property facts
- Annual taxes
- $4,112
- Assessment year
- 2025
Location
Estimated monthly cost
Explore costs at the $289,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$1,804 / monthAdjust
- Principal & interest
- $1,461
- Property tax
- $343
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $4,112. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
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About 34 Oak Street
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Request a tour of 34 Oak Street and a Bean Group agent will help coordinate an available time with the listing side.
Can you help me evaluate this property?
Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.
Are property documents available?
Availability varies by property and source. Request the documents you need and we will help obtain what is available.