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About the Listing 1898 - 022093
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 Highlights for 4749 47-49 Pierce St
Status
Pending
Days on Site
129
Property Type
Multi-Family
MLS ®
1620617
Year Built
1881
Total Square Footage
7,560
Lot/Acreage
0.19
County
Androscoggin
Interior Details
- Bedrooms: 0
- Bathrooms: 6 Full
- Appliances:
- Air Cond:
- Heating: Radiator
- Fireplaces: 0
- Floor:
- Above Ground Sq Ft: 7560
- Below Ground Sq Ft: 0
- Basement: Interior,Finished,Unfinished
- Other:
- Water: Public
Exterior Details
- Lot Description: Level,Sidewalks,Intown
- Garage Capacity: N/A
- Zoning: Downtown Residential
- Roof: Flat
- Others:
- Sewer: Public Sewer
- Parking Features: 11 - 20 Spaces,Common,On Site,Off Street
Financial Details
- Tax Amount: $3,967
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2024
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
4749 47-49 Pierce St Lewiston, ME 04240
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