126 Pierce Street

Lewiston, ME 04240
Baths
6
Square Ft.
5,029
$624,999
This 6 unit multifamily investment offering includes two triple-deckers plus a neighboring lot currently used for extra off-street parking—Potentially buildable or could be sold off. Motivated seller, make an offer. Each unit is separately metered with new heat pumps, and heat pump hot water heaters, keeping operating costs predictable and efficient. Both buildings are fully lead-abated wit excellent cash flow and rental history with room for upward growth. Whether you're expanding your portfolio or looking for a high-yield investment, this property is a must-see!
Market LogoCourtesy of RE/MAX Riverside 207-406-0063
Listing Snapshot
Days Online
89
Last Updated
Full Baths
6
Square Ft.
5,029
Lot Size
0.22 Acres
Year Built
1893
MLS Number
1618455
Additional Details
Basement
Basement: "Interior", "Full", "Unfinished"
Building
Architectural Style: "Other", Building Area Total: 5,029, Construction Materials: "Vinyl Siding", "Other Exterior", "Wood Frame", Number Of Units Total: 6, Year Built: 1893, 3 stories, 3 total stories
Cooling
Cooling Included, Cooling: "Heat Pump"
Expenses
Operating Expense: $32,729
Exterior Features
Other Equipment: "Internet Access Available"
Floors
Flooring: "Wood", "Vinyl"
Foundation
Foundation Details: "Brick/Mortar"
Heating
Heating: "Heat Pump", Heating Included
Income
Gross Income: $80,808
Interior Features
Features: "Storage"
Laundry
Features: "Washer Hookup"
Lot
Features: "Level", "Sidewalks", "Intown", "Near Shopping", "Near Turnpike/Interstate", "Near Town", 0.22 acres, Area: 0.22, 9,583 square feet
Parking
Features: "5 - 10 Spaces", "Reclaimed", "Off Street"
Pets Policy
Pets Allowed: "Breed Restrictions"
Property
Parcel Number: LEWI-000196-000000-000112, Zoning: Downtown Res
Roof
Roof: "Flat", "Membrane", "Pitched", "Shingle", "Tar/Gravel"
Sewer
Sewer: "Public Sewer"
Taxes
Annual Amount: $4,578, Tax Lot: 112 & 113
Utilities
Electric: "Circuit Breakers", Water Source: "Public"
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SOurce: Home Junction
Monthly Payment
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30 Days Snapshot Of 04240
$309k
+6%
(avg) sold price
32
+10%
homes sold
14
-33%
(avg) days on market
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Fred Andrews
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Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.