47-49 Pierce Street, Lewiston, ME 04240
$575,000
Property Type:
Multi-Family
Baths:
6
Square Footage:
7,560
Lot Size (sq. ft.):
8,276
Status:
Active
Current Price:
$575,000
List Date:
2/25/2026
Last Modified:
3/05/2026
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.
Supplements: ********
More Information MLS# 1652671
Location Information
Book: 9703
Leased Land: No
Page: 161-162
Map: 195
Lot: 527
Zoning Overlay: Yes
Association: No
Tree Growth Y/N: No
Street #: 47-49
Street Name: Pierce
Street Type: Street
County: Androscoggin
Town: Lewiston
State/Province: ME
Zip Code: 04240
Zoning: Downtown Residential
Full Tax Amount $: 5078
Tax Year: 2025
Geo Lat: 44.09706
Geo Lon: -70.212605
Property Information
Surveyed: Unknown
Seasonal: No
Owner Occupied: No
Number of Units: 6
Deed/Conveyance Type Offered: Quit Claim w/Covenant
Deed: All
2 Detached Houses on 1 Lot: No
Lot Size Acres +/-: 0.19
Total Baths: 6
Total Half Baths: 0
Color: Green
Road Frontage: Yes
Road Frontage +/-: 81
Source of Road Frontage: Other
SqFt Finished Above Grade: 7560
Road Front Other Source: GIS Measured
SqFt Finished Below Grade: 0
SqFt Source: Public Records
Garage: No
Garage Spaces: 0
Total Full Baths: 6
Year Built: 1881
SqFt Finished Total: 7560
Source of Acreage: Public Records
Levels
Multi-Level: 1
Site
Level: 1
Sidewalks: 1
Location
Intown: 1
Roads
Public: 1
Water Info
Water Frontage: No
Water View: No
Style
Other: 1
Construction
Wood Frame: 1
Basement
Unfinished: 1
Exterior
Vinyl Siding: 1
Roof
Flat: 1
Heat System
Radiator: 1
Heat Fuel
Gas Natural: 1
Income & Expenses
Gross Income: 122400
Operating Expenses: 53525.46
Cooling
None: 1
Floors
Tile: 1
Vinyl: 1
Wood: 1
Units
# of 3 BD Units: 3
# of 4+ BD Units: 3
Parking
5 - 10 Spaces: 1
Off Street: 1
On Site: 1
Paved: 1
Unit 1
Lease: No
Level: First
Security Deposit: Yes
Monthly Rent: 2400
# Full Baths: 1
# of Rooms: 6
# of Bedrooms: 4
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: Yes
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Electric
Circuit Breakers: 1
Unit 2
Lease: No
Level: Second
Security Deposit: Yes
Monthly Rent: 2400
# Full Baths: 1
# of Rooms: 6
# of Bedrooms: 4
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: Yes
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Unit 3
Lease: No
Level: Third
Security Deposit: Yes
Monthly Rent: 2000
# Full Baths: 1
# of Rooms: 6
# of Bedrooms: 4
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Gas
Natural - At Street: 1
Unit 4
Lease: No
Level: First
Security Deposit: Yes
Monthly Rent: 1200
# Full Baths: 1
# of Rooms: 5
# of Bedrooms: 3
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: Yes
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Sewer
Public Sewer: 1
Unit 5
Lease: No
Level: Second
Security Deposit: Yes
Monthly Rent: 1000
# Full Baths: 1
# of Rooms: 5
# of Bedrooms: 3
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Water
Public: 1
Unit 6
Lease: No
Level: Third
Security Deposit: Yes
Monthly Rent: 1200
# Full Baths: 1
# of Rooms: 5
# of Bedrooms: 3
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: Yes
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Driveway
Common: 1
Paved: 1
Basement Entry
Interior: 1
Water Heater
Tank: 1
Vehicle Storage
No Vehicle Storage: 1
Contract Information
Status: Active
Original List Price: 575000
List Price: $575,000
Current Price: $575,000
Property Features
Site: Level; Sidewalks
Location: Intown
Roads: Public
Style: Other
Levels: Multi-Level
Construction: Wood Frame
Basement: Unfinished
Basement Entry: Interior
Exterior: Vinyl Siding
Roof: Flat
Heat System: Radiator
Heat Fuel: Gas Natural
Water Heater: Tank
Cooling: None
Floors: Tile; Vinyl; Wood
Driveway: Common; Paved
Parking: 5 - 10 Spaces; Off Street; On Site; Paved
Vehicle Storage: No Vehicle Storage
Electric: Circuit Breakers
Gas: Natural - At Street
Sewer: Public Sewer
Water: Public
Documents
Income/Expense ›
Listing Office:
Elevate Maine Realty
IDX
Last Updated: March - 05 - 2026
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