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$594,900 Just Listed
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Property Description
Looking to grow your investment portfolio or purchase your first income-producing property? This 5-unit multifamily offers a rare opportunity in the highly desirable Lewiston-Auburn rental market. With a strong cap rate of approximately 9.5%, this property delivers the cash flow and long-term investment potential that today's investors are seeking. Located in a high-demand rental area, 2 Oak Street benefits from Auburn's continued growth and strong tenant demand. Whether you're an experienced investor looking to expand your holdings or a new investor searching for a solid entry point into multifamily ownership, this property checks all the boxes. Property Highlights: 5-unit multifamily investment property Approximately 9.5% cap rate Strong income-producing asset Located in the sought-after Lewiston-Auburn market Excellent addition to an established portfolio Great opportunity for first-time investors Strong rental demand and long-term growth potential Don't miss your chance to own a multifamily property in one of Central Maine's most active investment markets. Opportunities with this level of return and location appeal are becoming increasingly difficult to find. Income and expense figures available upon request. Buyers are encouraged to perform their own due diligence regarding financial projections and cap rate calculations.
Full Property Details
Full Property Details for 2 Oak St
General
- Price: $594,900
- Taxes: $7,296 (2025)
- Status: Active
- Type: Multi-Family
- Source: MREIS
- MLS ID: 1665220
- Updated: 6/4/2026
- Added to Site: 2 day(s) ago
Interior
- Flooring: Carpet, Vinyl
Rooms
Bathrooms
- Total Bathrooms: 5
- Full Bathrooms: 5
Other Rooms
- Laundry: Laundry - Coin
Parking
- Parking Features: Paved, 1 - 4 Spaces, Off Street
Location
- County: Androscoggin
Heating & Cooling
- Cooling Type: None
- Heating Type: Oil, Baseboard, Hot Water
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: Other
- Construction: Wood Frame, Vinyl Siding
- Basement: Yes
- Basement Desc.: Exterior Entry, Interior Entry, Full, Unfinished
- Roof: Shingle
- Stories/Levels: 2
- Square Feet: 4,592
- Finished Total: 4,592 Sq. Ft.
- Finished Above Grnd: 4,592 Sq. Ft.
- Year Built: 1920
Lot Features
- Lot Size (Acres): 0.11
- Lot Size (Sq. Ft.): 4,791.6
- Zoning: MFU
- Lot Description: Intown, Level, Open Lot
Financial Considerations
- Operating Expenses: $29,577
- Tax Amount: $7,296
- Tax Year: 2025
Disclosures and Reports
- Block: 2
- Lot Number: 33
Listed by EXP Realty (888) 439-8743
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Schools
Schools serving 2 Oak St
School District:Auburn
| Name | Grades | Distance |
|---|---|---|
Park Avenue Elementary School, Auburn, ME 161 Park Avenue, Auburn, ME 04210 | PK-6 | 0.7 mi |
Auburn Middle School, Auburn, ME 38 Falcon Drive, Auburn, ME 04210 | 7-8 | 1.1 mi |
Edward Little High School 77 Harris Street, Auburn, ME 04210 | 9-12 | 0.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2 Oak St
Date
Details
Price
Change
Source
6/03/2026
Listed
$594,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 2 Oak St
2 Oak Street, Auburn, ME 04210 (MLS# 1665220) is a Multi-Family property with 5 units containing 0 bedrooms and 5 full bathrooms. 2 Oak Street is currently listed for $594,900 and was received on June 03, 2026. Want to learn more about 2 Oak Street? Do you have questions about finding other Multi-Family real estate for sale in Auburn? You can browse all Auburn real estate or contact a Coldwell Banker agent to request more information.

