Bought with NON-MREIS AGENT Non MREIS Agency
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47-49 Pierce ST Lewiston, ME 04240
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Key Details
Sold Price $486,667
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,560 sqft
Price per Sqft $64
MLS Listing ID 1652671
Sold Date 06/04/26
Full Baths 6
HOA Y/N No
Year Built 1881
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 Entry, Unfinished
Interior
Heating Gas Natural, Radiator
Cooling None
Flooring Tile, Vinyl, Wood
Exterior
Parking Features Common, Paved, 5 - 10 Spaces, On Site, Off Street
Roof Type Flat
Garage No
Building
Lot Description Intown, Level, Sidewalks
Entry Level Multi-Level
Water Public
Architectural Style Other
Others
Tax ID 47PierceStreetLewiston04240
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