47-49 Pierce Street

Lewiston, ME 04240
Baths
6
Square Ft.
7,560
$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 buildingRead MoreRead Less
Courtesy of Elevate Maine Realty 207-879-9800
Listing Snapshot
Days Online
7
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: "Vinyl Siding", "Wood Frame", Number Of Units Total: 6, Year Built: 1881
Cooling
Cooling: "None"
Expenses
Operating Expense: $53,525
Floors
Flooring: "Wood", "Vinyl", "Tile"
Heating
Heating: "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: "5 - 10 Spaces", "Paved", "Common", "On Site", "Off Street"
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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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.