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About the Listing 3572 - 022093
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.
Listing Highlights
Status
Active
Days on Site
8
Property Type
Multi-Family
MLS ®
1652671
Year Built
1881
Total Square Footage
7,560
Lot/Acreage
0.19
County
Androscoggin
Interior Details
- Bedrooms: 0
- Bathrooms: 6 Full
- Appliances:
- Air Cond:
- Heating: Radiator
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 7560
- Below Ground Sq Ft: 0
- Basement: Interior,Unfinished
- Other:
- Water: Public
Exterior Details
- Lot Description: Level,Sidewalks,Intown
- Garage Capacity: N/A
- Zoning: Downtown Residential
- Roof: Flat
- Others:
- Sewer: Public Sewer
- Parking Features: 5 - 10 Spaces,Paved,Common,On Site,Off Street
Financial Details
- Tax Amount: $5,078
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
47-49 Pierce St Lewiston, ME 04240
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