Offering a 10% cap rate, this 6-unit property is a rare find in the heart of downtown Lewiston. With three 3-bedroom units and three 4-bedroom units, the building boasts extra-large layouts that are always in demand — perfect for attracting long-term tenants and maximizing rental income.
The property features a new EPDM roof installed in 2018 and a large 15-space parking lot, providing both peace of mind and added convenience for tenants. Located just steps from downtown amenities, this building combines strong in-place cash flow with plenty of value-add potential for future equity growth.
Whether you're looking to expand your portfolio or break into one of Maine's busiest rental markets, this property checks all the boxes for savvy investors.
Pending
$600,000
47-49 Pierce Street, Lewiston, ME 04240
21beds
7,560sqft
Est.:
Multi Family
Built in 1881
-- sqft lot
$-- Zestimate®
$79/sqft
$-- HOA
What's special
New epdm roofExtra-large layouts
- 92 days
- on Zillow |
- 19 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: June 07, 2025 at 07:46am
Listed by:
Keller Williams Realty
Source: Maine Listings,MLS#: 1620617

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 21
- Bathrooms: 6
- Full bathrooms: 6
Heating
- Radiator
Cooling
- None
Features
- Flooring: Wood, Vinyl, Tile
- Basement: Interior,Finished,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 7,560
- Total interior livable area: 7,560 sqft
- Finished area above ground: 7,560
- Finished area below ground: 0
Property
Parking
- Parking features: 11 - 20 Spaces, Common, On Site, Off Street
Features
- Levels: Multi/Split
- Stories: 3
Lot
- Size: 8,276.4 Square Feet
- Features: Level, Sidewalks, City Lot
Details
- Zoning: Downtown Residential
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Vinyl Siding, Wood Frame
- Foundation: Stone, Brick/Mortar
- Roof: Flat
Condition
- Year built: 1881
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Utilities On
Community & HOA
Community
- Security: Security System
Location
- Region: Lewiston
Financial & listing details
- Price per square foot: $79/sqft
- Annual tax amount: $3,967
- Date on market: 6/3/2025
- Loading