47-49 Pierce Street, Lewiston, ME 04240

Lewiston
Local realty services provided by:Better Homes and Gardens Real Estate The Masiello Group
47-49 Pierce Street,Lewiston, ME 04240
$575,000
  • - Beds
  • 6 Baths
  • 7,560 sq. ft.
  • Multi-family
  • Pending
Listed by: tyler stewart
Office: elevate maine realty
MLS#:1652671
Source:ME_MREIS

Price summary

  • Price:$575,000
  • Price per sq. ft.:$76.06

About this home

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.

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Home facts

  • Year built:1881
  • Listing ID #:1652671
  • Updated:May 14, 2026 at 07:41 AM

Rooms and interior

  • Total bathrooms:6
  • Full bathrooms:6
  • Flooring:Tile, Vinyl, Wood
  • Basement Description:Unfinished
  • Living area:7,560 sq. ft.

Heating and cooling

  • Heating:Gas Natural, Radiator

Structure and exterior

  • Year built:1881
  • Building area:7,560 sq. ft.
  • Lot area:0.19 Acres
  • Lot Features:Intown, Level, Sidewalks
  • Construction Materials:Vinyl Siding, Wood Frame

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$575,000
  • Price per sq. ft.:$76.06
  • Tax amount:$5,078 (2025)

Parking

  • Parking description:5 - 10 Spaces, Common, Off street, On Site, Paved
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