47-49 Pierce Street, Lewiston, ME 04240

Local realty services provided by:Better Homes and Gardens Real Estate The Masiello Group
#1#2#3
47-49 Pierce Street,Lewiston, ME 04240
$600,000
  • - Beds
  • 6 Baths
  • 7,560 sq. ft.
  • Multi-family
  • Pending
Listed by:tyler stewart
Office:keller williams realty
MLS#:1620617
Source:ME_MREIS

Price summary

  • Price:$600,000
  • Price per sq. ft.:$79.37

About this home

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.

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Home facts

  • Year built:1881
  • Listing Id #:1620617
  • Updated:July 01, 2025 at 07:53 AM

Rooms and interior

  • Total bathrooms:6
  • Full bathrooms:6
  • Living area:7,560 sq. ft.

Heating and cooling

  • Heating:Radiator

Structure and exterior

  • Year built:1881
  • Building area:7,560 sq. ft.
  • Lot area:0.19 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$600,000
  • Price per sq. ft.:$79.37
  • Tax amount:$3,967 (2024)
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