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47-49 Pierce Street, 
Lewiston, ME 04240

$600,000


Bed


6

Baths


7,560

Sq Ft


Multi-Family

Active

Listed by

Tyler Stewart

Keller Williams Realty

Last updated:

April 30, 2025, 03:00 PM

MLS#

1620617

Source:

ME MREIS

About This Home

47-49 Pierce Street

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.

Home Facts

Multi-Family

6 Baths

Built in 1881

Price Summary

600,000

$79 per Sq. Ft.

MLS #:

1620617

Last Updated:

April 30, 2025, 03:00 PM


Rooms & Interior

Bathrooms

Total Bathrooms:

6

Full Bathrooms:

6

Interior

Living Area:

7,560 Sq. Ft.


Structure

Structure

Building Area:

7,560 Sq. Ft.

Year Built:

1881


Lot

Lot Size (Sq. Ft):

8,276


Finances & Disclosures

Finances

Price:

$600,000

Price per Sq. Ft:

$79 per Sq. Ft.

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MREIS Multiple Listing Service™ system Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2023 Maine Real Estate Information System, Inc. All Rights Reserved
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47-49 Pierce Street
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