47-49 Pierce ST Pending Save Request In-Person Tour Request Virtual Tour
Lewiston,ME 04240
Key Details
Property Type Multi-Family
Listing Status Pending
Square Footage 7,560 sqft
Price per Sqft $79
MLS Listing ID 1620617
Style Other
Full Baths 6
Year Built 1881
Annual Tax Amount $3,967
Tax Year 2024
Lot Size 8,276 Sqft
Property Description
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.
Location
State ME
County Androscoggin
Zoning Downtown Residential
Interior
Heating Radiator
Cooling None
Flooring Wood,Vinyl,Tile
Exterior
Parking Features 11 - 20 Spaces,Common,On Site,Off Street
Utilities Available 1
View Y/N No
Roof Type Flat
Building
Lot Description Level,Sidewalks,Intown
Story 3
Foundation Stone,Brick/Mortar
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding,Wood Frame