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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.
Property Type(s):
Multi Family
| Last Updated | 10/2/2026 | Year Built | 1900 |
|---|---|---|---|
| County | Kennebec |
Additional Details
| AIR | None |
|---|---|
| APPLIANCES | Water Heater |
| BASEMENT | Crawl Space, Full, Interior Entry, Unfinished, Yes |
| CONSTRUCTION | Frame, Vinyl Siding |
| HEAT | Forced Air |
| LOT | 3049 sq ft |
| LOT DESCRIPTION | Level, Near Public Transit, Open Lot, Rolling Slope |
| LOT DIMENSIONS | 0.07 |
| MLS STATUS | Active |
| PARKING | Gravel, Off Street |
| SEWER | Public Sewer |
| STORIES | 3 |
| STYLE | New Englander |
| TAXES | 4112 |
| UTILITIES | Natural Gas Available |
| WATER | Public |
Listing provided by Maine Source Realty
Listing data is derived in whole or in part from the Maine IDX & is for consumers'' personal, non-commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.© 2026 Maine Real Estate Information System, Inc. All Rights Reserved. 
Additional school data provided by Onboard Informatics © 2026 Onboard Informatics. Information deemed reliable but not guaranteed.
Mortgage Calculator provided by Diverse Solutions © 2026
IDX data provided by Market Leader, courtesy of Maine Listings.
This IDX solution is (c) Diverse Solutions 2026.
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