47-49 Pierce ST, Lewiston, ME 04240
47-49 Pierce ST, Lewiston, ME 04240
47-49 Pierce ST, Lewiston, ME 04240
47-49 Pierce ST, Lewiston, ME 04240
47-49 Pierce ST, Lewiston, ME 04240
47-49 Pierce ST, Lewiston, ME 04240
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Brandon Howland

Brandon Howland

+1(207) 598-8766
Listed by Elevate Maine Realty
$ 575,000

6 Baths

7,560 SqFt

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$ 575,000
Save

6 Baths

7,560 SqFt

Key Details

Property Type Multi-Family

Listing Status Pending

Square Footage 7,560 sqft

MLS Listing ID 1652671

Style Other

Full Baths 6

HOA Y/N No

Abv Grd Liv Area 7,560

Year Built 1881

Annual Tax Amount $5,078

Tax Year 2025

Lot Size 8,276 Sqft

Acres 0.19

Source Maine Listings

Land Area 7560

Property Description

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.

Location

State ME

County Androscoggin

Zoning Downtown Residential

Rooms

Basement Interior, Unfinished

Interior

Heating Radiator

Cooling None

Flooring Wood, Vinyl, Tile

Exterior

Parking Features 5 - 10 Spaces, Paved, Common, On Site, Off Street

View Y/N No

Roof Type Flat

Garage No

Building

Lot Description Level, Sidewalks, Intown

Sewer Public Sewer

Water Public

Architectural Style Other

Structure Type Vinyl Siding,Wood Frame

Others

Energy Description Gas Natural

Maine MLS (MREIS) IDX

Nearby Locations

Brandon Howland

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(207) 598-8766

brandonhowlandrealtor@gmail.com

Ellsworth 04605, USA

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47-49 Pierce ST