Lewiston, ME 04240,47-49 Pierce ST
Lewiston, ME 04240,47-49 Pierce ST
Lewiston, ME 04240,47-49 Pierce ST
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Listed by Keller Williams Realty
$600,000
6 Baths
7,560 SqFt
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Key Details

Property Type Multi-Family

Listing Status Pending

Square Footage 7,560 sqft

MLS Listing ID 1620617

Style Other

Full Baths 6

HOA Y/N No

Abv Grd Liv Area 7,560

Year Built 1881

Annual Tax Amount $3,967

Tax Year 2024

Lot Size 8,276 Sqft

Acres 0.19

Source Maine Listings

Land Area 7560

Property Description

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.

Location

State ME

County Androscoggin

Zoning Downtown Residential

Rooms

Basement Interior, Finished, Unfinished

Interior

Heating Radiator

Cooling None

Flooring Wood, Vinyl, Tile

Fireplace No

Exterior

Parking Features 11 - 20 Spaces, Common, On Site, Off Street

Utilities Available 1

View Y/N No

Roof Type Flat

Garage No

Building

Lot Description Level, Sidewalks, Intown

Story 3

Foundation Stone, Brick/Mortar

Sewer Public Sewer

Water Public

Architectural Style Other

Structure Type Vinyl Siding,Wood Frame

Others

Restrictions Yes

Security Features Security System

Energy Description Gas Natural


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Maine MLS (MREIS) IDX
Monet Yarnell

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