$600,000
PENDING

47 Pierce St Lewiston, ME 04240

Downtown Lewiston Neighborhood

Estimated payment $3,594/month

Total Views 2,541
-- Bed
6 Baths
7,560 Sq Ft
$79 Price per Sq Ft

Highlights

  • Wood Flooring
  • Home Security System
  • Radiator
  • No HOA
  • Level Lot
  • 4-minute walk to Kennedy Park

About This Home

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.

Listing Agent

Tyler Stewart

Keller Williams Realty Listed on: 06/03/2025

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,967

Year Built

  • Built in 1881

Lot Details

  • 8,276 Sq Ft Lot
  • Level Lot

Home Design

  • Flat Roof Shape
  • Brick Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Vinyl Siding

Interior Spaces

  • 6 Full Bathrooms
  • 7,560 Sq Ft Home
  • 3-Story Property
  • Finished Basement
  • Interior Basement Entry
  • Home Security System

Flooring

  • Wood
  • Tile
  • Vinyl

Parking

  • Common or Shared Parking
  • Shared Driveway
  • On-Site Parking
  • Off-Street Parking

Location

  • City Lot

Utilities

  • No Cooling
  • Radiator
  • Heating System Uses Natural Gas
  • Water Heater

Listing and Financial Details

  • Tax Lot 527
  • Assessor Parcel Number LEWI-000195-000000-000527

Community Details

Overview

  • No Home Owners Association
  • 6 Units
  • The community has rules related to deed restrictions

Building Details

  • Operating Expense $44,440
  • Gross Income $104,208

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,967

Year Built

Built in 1881

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.19
  • MLS Status: Pending
  • Directions: GPS Friendly
  • Above Grade Finished Sq Ft: 7560.0
  • Architectural Style: Other
  • Garage Yn: No
  • Unit Levels: Multi-Level
  • Building Stories: 3
  • Year Built: 1881
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.19
  • Property Information:Total Baths: 6.0
  • Property Information:SqFt Finished Above Grade: 7560.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Percent Basement Finished: Yes
  • Cooling:None3: Yes
  • Floors:Tile2: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Amenities:Security System: Yes
  • Exterior:Vinyl Siding: Yes
  • Driveway:Common2: Yes
  • Basement:Unfinished: Yes
  • Heat Fuel:Gas Natural: Yes
  • Property Information:Number of Units: 6
  • Foundation Materials:BrickMortar2: Yes
  • Foundation Materials:Stone: Yes
  • Building Info:_pound_ Stories2: 3
  • Income Expenses Gross Income: 104208.0
  • Income Expenses Operating Expenses: 44440.39
  • Parking:On Site2: Yes
  • Gas:Natural - At Street: Yes
  • Property Information:Short Sale Continue to Show: No
  • Property Information:Deed Restrictions: Yes
  • Property Information:Bank Owned REO: No
  • Water Heater:Tank: Yes
  • Heat System:Radiator: Yes
  • Roof:Flat: Yes
  • Property Information 2 Detached Houses on 1 Lot: No
  • Levels:Multi-Level3: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Furnished: Unfurnished
  • Has Basement: Interior, Finished, Unfinished
  • Full Bathrooms: 6
  • Fireplace: No
  • Flooring: Wood, Vinyl, Tile

Exterior Features

  • Lot Features: Level, Sidewalks, Intown
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Stone, Brick/Mortar
  • Roof: Flat

Garage/Parking

  • Attached Garage: No
  • Parking Features: 11 - 20 Spaces, Common, On Site, Off Street

Utilities

  • Security: Security System
  • Cooling: None
  • Cooling Y N: No
  • Heating: Radiator
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 8276.4
  • Parcel #: LEWI-000195-000000-000527
  • Zoning: Downtown Residential

Multi Family

  • Number Of Units Total: 6
  • Annual Gross Income: 104208.0
  • Annual Operating Expense: 44440.39

Tax Info

  • Tax Annual Amount: 3967.0
  • Tax Book Number: 9703
  • Tax Lot: 527
  • Tax Map Number: 195
  • Tax Year: 2024

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/06/2025 06/06/25 Pending -- -- --
06/03/2025 06/03/25 For Sale $600,000 0.0% $79 / Sq Ft
05/04/2025 05/04/25 Pending -- -- --
04/29/2025 04/29/25 For Sale $600,000 -- $79 / Sq Ft
Source: Maine Listings

Source: Maine Listings

MLS Number: 1620617

Maine Listings
Maine Androscoggin County Lewiston 04240 Downtown Lewiston

47 Pierce St, Lewiston, ME

This home is located at 47 Pierce St, Lewiston, ME 04240 and is currently priced at $600,000, approximately $79 per square foot. This property was built in 1881. 47 Pierce St is a home located in Androscoggin County with nearby schools including Montello School, Lewiston Middle School, and Lewiston High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Maine Listings Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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Listing Agent
Tyler Stewart
Section Image
Keller Williams Realty
(207) 825-7286