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47-49 Pierce Street

Lewiston, ME 04240
Baths
6
Square Ft.
7,560
Pending
Multifamily
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$575,000
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.
Market LogoCourtesy of Elevate Maine Realty 207-203-9022
Listing Snapshot
Days Online
88
Last Updated
Full Baths
6
Square Ft.
7,560
Lot Size
0.19 Acres
Year Built
1881
MLS Number
1652671
Additional Details
Basement
Basement: "Interior", "Unfinished"
Building
Architectural Style: "Other", Building Area Total: 7,560, Construction Materials: "Wood Frame", "Vinyl Siding", Number Of Units Total: 6, Year Built: 1881
Cooling
Cooling: "None"
Expenses
Operating Expense: $53,525
Floors
Flooring: "Tile", "Vinyl", "Wood"
Heating
Heating: "Gas Natural", "Radiator", Heating Included
Income
Gross Income: $122,400
Lot
Features: "Level", "Sidewalks", "Intown", 0.19 acres, Area: 0.19, 8,276 square feet
Parking
Features: "Paved", "Common", "5 - 10 Spaces", "Off Street", "On Site"
Property
Parcel Number: 47PierceStreetLewiston04240, Zoning: Downtown Residential
Roof
Roof: "Flat"
Sewer
Sewer: "Public Sewer"
Taxes
Annual Amount: $5,078, Tax Lot: 527
Utilities
Electric: "Circuit Breakers", Water Source: "Public"
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SOurce: Home Junction
Monthly Payment
$0
30 Days Snapshot Of 04240
$337k
+16%
(avg) sold price
21
-16%
homes sold
21
-65%
(avg) days on market
Snapshot
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Fred Andrews
Designated Broker | CEO
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Schools In The Area

Source: Home Junction
Check out nearby schools with ratings and contact info.
Montello Elementary School 207-795-4150 Public PK-6
Lewiston Middle School 207-795-4180 Public 7-8
Lewiston High School 207-795-4190 Public 9-12
Montello Elementary School 207-795-4150 Public PK-6
Montello Elementary School 207-795-4150 Public PK-6
Lewiston Middle School 207-795-4180 Public 7-8
Montello Elementary School 207-795-4150 Public PK-6
Lewiston High School 207-795-4190 Public 9-12

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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.