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47-49 Pierce Street, 
Lewiston, ME 04240

$575,000

—

Bed

6

Baths

7,560

Sq Ft

Multi-Family

Active

Listed by

Tyler Stewart

Elevate Maine Realty

Last updated:

February 25, 2026, 05:50 AM

MLS#

1652671

Source:

ME MREIS

About This Home

47-49 Pierce Street

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.

Home Facts

Multi-Family

6 Baths

Built in 1881

Price Summary

575,000

$76 per Sq. Ft.

MLS #:

1652671

Last Updated:

February 25, 2026, 05:50 AM

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:

$575,000

Price per Sq. Ft:

$76 per Sq. Ft.

MLS Logo
MREIS Multiple Listing Service™ systemListing 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. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.