Melissa Smith
Smith & Co. Real Estate, LLC.
(207) 806-5922
26 Total Sales
1 in Lewiston
$180,000 Price
47 Pierce St Lewiston, ME 04240
Lewiston Area
--
Bed
6
Baths
7,560
Sq Ft
8,276
Sq Ft Lot
Highlights
- Wood Flooring
- Level Lot
- Radiator
- No HOA
About This Home
As of June 2026Fully 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.
Last Buyer's Agent
NON-MREIS AGENT
Non MREIS Agency
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,078
Year Built
- Built in 1881
Lot Details
- 8,276 Sq Ft Lot
- Level Lot
Home Design
- Flat Roof Shape
- Wood Frame Construction
- Vinyl Siding
Interior Spaces
- 6 Full Bathrooms
- 7,560 Sq Ft Home
- Multi-Level Property
- Unfinished Basement
- Interior Basement Entry
Flooring
- Wood
- Tile
- Vinyl
Parking
- Common or Shared Parking
- Paved Parking
- On-Site Parking
- Off-Street Parking
Location
- City Lot
Utilities
- No Cooling
- Radiator
- Heating System Uses Natural Gas
Listing and Financial Details
- Tax Lot 527
Community Details
Overview
- No Home Owners Association
- 6 Units
Building Details
- Operating Expense $53,525
- Gross Income $122,400
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 25, 2026
Closed on
Jun 4, 2026
Sold by
Bought by
Seller's Agent
Tyler Stewart
Elevate Maine Realty
Buyer's Agent
NON-MREIS AGENT
Non MREIS Agency
List Price
$575,000
Sold Price
$486,668
Premium/Discount to List
-$88,333
-15.36%
Views
13
Purchase Details
Closed on
Oct 6, 2017
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,500
Interest Rate
3.86%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 21, 2015
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Lewiston, ME
-
Melissa Smith
-
Lauren Klimoff
Lauren Klimoff
Responds QuicklyU&R Real Estate
(207) 250-4293
57 Total Sales
1 in Lewiston
$315,000 Price
-
Craig Garrett
Craig Garrett
Tim Dunham Realty
(207) 687-1055
78 Total Sales
2 in Lewiston
$200K - $420K Price Range
-
David Super
David Super
Tim Dunham Realty
(207) 610-7633
80 Total Sales
7 in Lewiston
$225K - $350K Price Range
-
Andrea Babbin Wood
Andrea Babbin Wood
Responds QuicklyBreakwater Realty Group, LLC
(877) 661-1589
74 Total Sales
3 in Lewiston
$265K - $670K Price Range
-
Sonja Nielsen
Sonja Nielsen
EXP Realty
(888) 865-8841
19 Total Sales
1 in Lewiston
$295,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $486,668 | -- | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $56,640 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $37,500 | New Conventional | |
| Previous Owner | $1,069,768 | Commercial |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/04/2026 06/04/26 | Sold | $486,668 | -15.4% | $64 / Sq Ft |
| 03/18/2026 03/18/26 | Pending | -- | -- | -- |
| 02/25/2026 02/25/26 | For Sale | $575,000 | -- | $76 / Sq Ft |
Source: Maine Listings
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,078 | $154,900 | $21,840 | $133,060 |
| 2024 | $3,967 | $124,870 | $21,840 | $103,030 |
| 2023 | $3,746 | $124,870 | $21,840 | $103,030 |
| 2022 | $3,559 | $124,870 | $21,840 | $103,030 |
| 2021 | $3,529 | $124,870 | $21,840 | $103,030 |
| 2020 | $3,580 | $124,870 | $21,840 | $103,030 |
| 2019 | $3,610 | $124,870 | $21,840 | $103,030 |
| 2018 | $3,580 | $124,870 | $21,840 | $103,030 |
| 2017 | $3,499 | $124,870 | $21,840 | $103,030 |
| 2016 | $3,439 | $124,870 | $21,840 | $103,030 |
| 2015 | $3,418 | $124,870 | $21,840 | $103,030 |
| 2014 | $3,320 | $124,870 | $21,840 | $103,030 |
| 2013 | $3,302 | $124,870 | $21,840 | $103,030 |
Source: Public Records
Agents Affiliated with this Home
-
Tyler Stewart
T
Seller's Agent in 2026
Tyler Stewart
Elevate Maine Realty
(207) 213-7644
22 Total Sales
-
N
Buyer's Agent in 2026
NON-MREIS AGENT
Non MREIS Agency
Map
Source: Maine Listings
MLS Number: 1652671
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.
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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