OFF MARKET

Off market nov 2024 for $325K

—

•

2,000

sq ft

116 Oakes St, Farmington, ME 04938

About this home

Solid, updated investment opportunity! This 5 unit bldg. is PRODUCING INCOME NOW! Located in the heart of West Farmington, this property offers convenience to all of Farmington's businesses, shops, services and recreational opportunities in both the historic & renewed sections of town. Easily walk to UMAINE Farmington campus, the Sandy River, Hippach Field or take a short drive to Titcomb ski area or Sugarloaf Mtn.

Multi-familyProperty Type

1790Year Built

0.27 acresLot Size

$163Price/Sq.Ft.

5 spacesParking

Listed by Mark Moody • Better Homes & Gardens Real Estate/The Masiello Group

Bought with Dorinda Bridges • RE/MAX Infinity

Redfin checked: a minute ago

•Source:MREIS #1580380

Redfin Estimate

There isn’t enough information to generate an accurate estimate at this time. Learn More

Market trends in 04992, ME

Last updated September 2026

Sale-to-list price

Median sale price

Avg. days on market

Recently sold homes

New listings for sale

NEW 25 HRS AGO
$310,000
3 beds1.5 baths1,128 sq ft
40 Caldwell Ln, Chesterville, ME 04938
NEW 26 HRS AGO
$350,000
4 beds2.5 baths2,592 sq ft
110 Main St, Farmington, ME 04938
$899,900
3 beds1 bath2,000 sq ft
414 Farmington Falls Rd, Farmington, ME 04938
$419,900
2 beds1 bath792 sq ft
6 Leonard Ln, Chesterville, ME 04938
$329,000
3 beds2 baths1,378 sq ft
115 Meadow Ln, Farmington, ME 04938
$649,000
13 beds5 baths6,500 sq ft
454 Fairbanks Rd, Farmington, ME 04938
See all

Provided by Redfin

Sale history for 116 Oakes St

Year

Property tax

Land + Additions

Assessment*

2025

$4,003 (+118.5%)

$54,500 + $326,700

$381,200

2024

$1,832 (+27.1%)

$14,400 + $71,000

$85,400

2023

$1,441 (+10.6%)

$14,400 + $58,000

$72,400

2022

$1,303 (−6.3%)

$14,400 + $58,000

$72,400

2021

$1,390 (−2.0%)

$14,400 + $58,000

$72,400

2020

$1,418 (−1.5%)

$14,000 + $58,000

$72,000

2019

$1,439 (+2.1%)

$14,000 + $58,000

$72,000

2018

$1,409 (−1.9%)

$14,000 + $58,000

$72,000

2017

$1,436 (+3.5%)

$14,000 + $58,000

$72,000

2016

$1,388 (+2.5%)

$14,000 + $58,000

$72,000

2015

$1,354 (+8.0%)

$14,000 + $58,000

$72,000

2014

$1,254

$14,400 + $58,000

$72,400

Tax history for 116 Oakes St

Year

Property tax

Land + Additions

Assessment*

2025

$4,003 (+118.5%)

$54,500 + $326,700

$381,200

2024

$1,832 (+27.1%)

$14,400 + $71,000

$85,400

2023

$1,441 (+10.6%)

$14,400 + $58,000

$72,400

2022

$1,303 (−6.3%)

$14,400 + $58,000

$72,400

2021

$1,390 (−2.0%)

$14,400 + $58,000

$72,400

2020

$1,418 (−1.5%)

$14,000 + $58,000

$72,000

2019

$1,439 (+2.1%)

$14,000 + $58,000

$72,000

2018

$1,409 (−1.9%)

$14,000 + $58,000

$72,000

2017

$1,436 (+3.5%)

$14,000 + $58,000

$72,000

2016

$1,388 (+2.5%)

$14,000 + $58,000

$72,000

2015

$1,354 (+8.0%)

$14,000 + $58,000

$72,000

2014

$1,254

$14,400 + $58,000

$72,400

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Beds

Baths

—

Stories

Lot width

—

Lot depth

—

Lot size

0.27 Acres

Year renovated

—

Sq. Ft.

2,360

Year built

1790

Style

Multi-Family (5+ Unit)

County

Franklin County

APN

358281

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 27, 2026.

Property details

Parking

Parking Information
Parking Features: 5 - 10 Spaces, Common, On Site, Off Street

Interior

Bathroom Information
# of Baths (Full): 5

Basement Information
Basement Entry: Interior, Walk-Out Access, Unfinished

Interior Features
Flooring: Vinyl

Multi-Unit Information
# of Units Total: 5
# of 1 Bedroom Units: 3
# of 2 Bedroom Units: 2
Operating Expense: $6,531
Gross Income: $43,200

Unit 1 Information
# of Bedrooms: 1
Actual Rent: $750
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: No
Has Heat: Yes
Level: First
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 2 Information
# of Bedrooms: 2
Actual Rent: $800
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: No
Has Heat: Yes
Level: First
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 3 Information
# of Bedrooms: 2
Actual Rent: $750
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: No
Has Heat: Yes
Level: First
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 4 Information
# of Bedrooms: 1
Actual Rent: $600
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: Yes
Has Heat: Yes
Level: First
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 5 Information
# of Bedrooms: 1
Actual Rent: $700
Dedicated Gas Meter: No
Dedicated Water Heater: Yes
Electric: No
Has Heat: Yes
Level: Second
Refrigerator: Yes
Sewer: Yes
Water: Yes

Exterior

Building Information
Construction Materials: Vinyl Siding, Wood Frame
Roof: Metal
Total Building Area (Sq. Ft.): 2,000

Property Information
Year Built: 1790
Above-Grade Finished Area (Sq. Ft.): 2,000

Lot Information
Lot Size (Sq. Ft.): $11,761.20
Lot Size (Acres): 0.27
Lot Size Source: Public Records
Lot Features: Level, Intown, Near Shopping, Neighborhood, Rural, Ski Resort
Road Surface Type: Paved
Zoning: RB

Financial

Tax Information
Annual Tax Amount: $1,441
Tax Year: 2023

Utilities

Utility Information
Has Heating
Heating: Heat Pump, Forced Air, Direct Vent Furnace
Electric: Circuit Breakers
Sewer: Public Sewer
Utilities: Utilities On
Utilities On: Yes
Water Source: Public
Water Heater: Electric

Location

Location Information
Unparsed Address: 116 Oakes Street, Farmington, ME 04938
Directions: GPS

Public facts

Beds: 6
Baths: —
Sq. Ft.: 2,360
Stories: 1.0
Lot Size: 0.27 acres
Style: Multi-Family (5+ Unit)
Year Built: 1790
Year Renovated: —
County: Franklin County
APN: 358281

Home facts updated by county records on Jul 27, 2026

Around this home

Schools

Some nearby schools may not be within this home's attendance zone. Please check the Regional School Unit 09 website to verify.

W G Mallett School

Public PreK-2 • 0.7mi

Mt Blue Middle School

Public 6-8 • 1.4mi

3/10

Mt Blue High School

Public 9-12 • 2.0mi

3/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

2/10 Heat Factor

7 days above 91° expected this year, 16 days in 30 years

4/10 Wind Factor

11% chance of strong winds in next 30 years

2/10 Air Factor

0 unhealthy days expected this year, 1 days in 30 years

Provided by First Street

Historical weather

Farmington, ME • 04938

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 7.6 hours in June and 3.1 hours in December, placing it below the U.S. average for solar exposure.

7.6 hrs

3.1 hrs

JuneDecember

Provided by Shadowmap

Is this your home?

Track this home’s value and nearby sales activity

Nearby similar homes

$649,000

13 beds5 baths6,500 sq ft

454 Fairbanks Rd, Farmington, ME 04938

$275,000

7 beds5 baths3,493 sq ft

165 Middle St, Farmington, ME 04938

New listings for sale in 04938

NEW 25 HRS AGO

$310,000

3 beds1.5 baths1,128 sq ft

40 Caldwell Ln, Chesterville, ME 04938

NEW 26 HRS AGO

$350,000

4 beds2.5 baths2,592 sq ft

110 Main St, Farmington, ME 04938

$899,900

3 beds1 bath2,000 sq ft

414 Farmington Falls Rd, Farmington, ME 04938

$419,900

2 beds1 bath792 sq ft

6 Leonard Ln, Chesterville, ME 04938

$329,000

3 beds2 baths1,378 sq ft

115 Meadow Ln, Farmington, ME 04938

$649,000

13 beds5 baths6,500 sq ft

454 Fairbanks Rd, Farmington, ME 04938

Home values near 116 Oakes St

Data from public records.

Address	Redfin Estimate
107 Oakes Street, Farmington, ME 4 Beds \| 1.5 Baths \| 1694 Sq. Ft.	$278,783
116 Oakes Street, Farmington, ME 6 Beds \| 3 Baths \| 2360 Sq. Ft.	—

Address	Redfin Estimate
127 Oakes Street, Farmington, ME 4 Beds \| 2 Baths \| 2854 Sq. Ft.	$359,317
118 Oakes Street, Farmington, ME 4 Beds \| 1 Baths \| 1344 Sq. Ft.	$198,679

Address	Redfin Estimate
121 Oakes Street, Farmington, ME 4 Beds \| 1 Baths \| 1502 Sq. Ft.	$225,388
111 Thomas McClellan Road, Farmington, ME 1 Beds \| 1 Baths \| 378 Sq. Ft.	$146,715

Property information provided by undefined .

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Market trends in 04992, ME

Sale history for 116 Oakes St

Tax history for 116 Oakes St

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Is this your home?

Nearby similar homes

New listings for sale in 04938

Home values near 116 Oakes St

More real estate resources