47-49 Pierce StreetLewiston, ME 04240Price: $600,000

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Coldwell Banker Plourde Real Estate 1-207-872-7650

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Listed by Keller Williams Realty

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.

Property Details of 47-49 Pierce Street

Property Details

Basic Information

• Property Type: Residential Income
• Mls Status: Pending
• MLS Number: 1620617
• Acreage: 0.19

Property

• Square Feet: 7,560
• Year Built: 1881
• Roof: Flat
• Building Construction: Vinyl Siding, Wood Frame

Location

• Town: Lewiston
• County: Androscoggin
• State: ME
• Zip: 04240

Interior Features

Basement

• Basement: Interior, Finished, Unfinished

Other

• Flooring : Wood, Vinyl, Tile

Exterior Features

Features

• Parking Features : 11 - 20 Spaces, Common, On Site, Off Street
• Driveway: Common
• Road Frontage: Public
• Exterior : Vinyl Siding

Utilities and Appliances

Utilities and Appliances

• Gas : Natural - At Street
• Heat System: Radiator
• Heating Fuel: Gas Natural
• Sewer : Public Sewer

Other Details

Water

• Water Source : Public

Map Location

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Coldwell Banker Plourde Real Estate participates in ©2025 Maine Listings Internet Data Exchange program, allowing us to display other Maine IDX Participants' listings. This website does not display complete listings. Certain listings of other real estate brokerage firms have been excluded. Mortgage figures are estimates. Check with your bank or proposed mortgage company for actual interest rates. This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.