47-49 Pierce Street, Lewiston, ME 04240

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$575,000

MLS#: 1652671

6 Bath

Type: Multi-family
Lot Size: 0.19 Acres
Year Built: 1881
Square Feet: 7,560

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Property Details

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.

Property Listed by: Elevate Maine Realty

Home Features

Bathrooms:

Below Grade Finished Area ±:

Above Grade Finished Area ±:

7560

Basement:

Construction:

Year Built:

1881

Roof:

Heating:

Land Features

Electric:

Circuit Breakers

Lot Size ±:

0.19

Sewer:

Public Sewer

Zoning:

Downtown Residential

Map (approximate)

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, non-commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved.