BEDS0
BATHS6 full
SQUARE FEET7,560
MLS#1652671
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
Fully occupied 6-unit multifamily in Lewiston featuring a strong unit mix of (3) three-bedroom units and (3) four-bedroom units. Large layouts support consistent rental demand. The property is currently producing a 12% cap rate, offering immediate in-place cash flow with additional upside through rent growth and operational improvements. The building received a new EPDM roof in 2018 and includes a spacious on-site parking lot, further enhancing long-term stability. A solid value-add opportunity in a proven rental market.
Property Features
Property Type: Multi Unit - Multiple
Basement: Interior Entry
Heating: Radiator
Home Style: Other
Lot Size: 0.19 Acres
Roof Type: Flat
Taxes: $5,078
Year Built: 1881
Feature Descriptions
Electric: Circuit Breakers
Flooring: Tile, Vinyl, Wood
Sewer: Public Sewer
SQ FT Above Grade: 7560
SQ FT Below Grade: 0
Water: Public
Listed By / Shown By
Listed By
Agency Name: Elevate Maine Realty
Agency Phone: 207-203-9022
Shown By
Agency Title: Sprague and Curtis Real Estate
Agency Phone: 207-623-1123
Estimate Your Payment
Estimated Payment
$ 1,870.58 per month $1,279.70 Principal & Interest $423.17 Property Tax $167.71 Homeowner's Insurance
47-49 Pierce Street | MLS# 1652671
This multi-family property located at 47-49 Pierce Street , Lewiston, ME 04240 is currently listed for sale with an asking price of $575,000. Search Lewiston real estate on www.spragueandcurtis.com today.