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Pending
  • $600,000

    47-49 Pierce Street, Lewiston, ME 04240

    21beds
    7,560sqft
    : 
    Multi Family
    Built in 1881
    -- sqft lot
    $-- Zestimate®
    $79/sqft
    $-- HOA

    What's special

    New epdm roofExtra-large layouts
    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.
    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#: 1620617MLS Logo
    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
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