Three-Unit Triplex with
For Sale
$449,999
10 Libby Avenue, Lewiston, ME 04240
Multi-Family, Lewiston, ME
Property Size3,168 SF
Lot Size0.15 Acres
Price / SF$142.05
Days on Market16
Property Features for 10 Libby Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Res
Bathrooms
3
Full bathrooms
3
Rooms
Basement, Bathroom 1, Bathroom 2, Bathroom 3
Patio and Porch features
Porch, Deck
Interior features
Attic, Storage
Basement
Full
Lot features
Open, Level, Sidewalks, Near Town
Standard status
Active
Size
3,168 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
4013
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Hot Water(Heating), Other (Heating), Natural Gas
Water source
Public
Amenities
covered front porch
screened-in porch
fenced backyard
multi-bay garage
Building Details
Year built
1925
Number of units
3
Flooring type
Laminate, Tile, Wood, Linoleum
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
HomeSmart
(207) 602-1662
Listed By:
Brian Wood
(207) 333-2890
Added: Sep 21
Changed: Oct 4
Last Checked: Oct 6 at 9:06AM
MLS# 1681422
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
At 10 Libby Avenue in Lewiston, this 1925 wood-frame triplex contains 3,168 square feet across three units. Vinyl siding and a shingle roof finish the exterior. Interior features include an attic and storage, while the flooring includes wood, laminate, tile, and linoleum. Heating is provided by natural gas, including hot-water and baseboard systems. Public water and sewer serve the property.
Outdoor features include both a covered front porch and a screened porch, along with a deck and fenced backyard. A multi-bay garage and a spacious parking area provide additional vehicle space. The property occupies 0.15 acres.
Outdoor features include both a covered front porch and a screened porch, along with a deck and fenced backyard. A multi-bay garage and a spacious parking area provide additional vehicle space. The property occupies 0.15 acres.
Key Highlights
- Three‑unit residential property with 3,168 square feet
- Built in 1925 on a 0.15‑acre lot
- Multi‑bay garage and spacious parking area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,246
Cap Rate
6.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$624,920
$624.9K
Cap Rate 7%
$446,371
$446.4K
Cap Rate 9%
$347,178
$347.2K
Market Conditions
NOI Build-Up for 3,168 SF
Gross rent
$45.2K $14.28/SF
− Vacancy
−$602 −$0.19/SF
EGI
$44.6K $14.09/SF
− OpEx
−$13.4K −$4.23/SF
NOI
$31.2K $9.86/SF
Area
Androscoggin County, ME
Vacancy
1.33%
Lease Rate
$14.28 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$624,920
Cap Rate 7%
$446,371
Cap Rate 9%
$347,178
Alternative Uses
Best Use
Multifamily LT 5
$446.4K
$390.6K – $520.8K
NOI $31,246 @ 7.0% cap · market cap 6.94%
Second Best
Apartment 5plus
$424.1K
$371.1K – $494.8K
NOI $29,687 @ 7.0% cap · market cap 6.60%
Theoretical Best
Warehouse
$5.63M
$4.92M – $6.56M
NOI $393,862 @ 7.0% cap · market cap 87.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
444
Businesses Nearby
Explore this area
Business Placement
Demographics for 04240, ME
37,121
Population
16,852
Households
2.2
Avg Household Size
38
Median Age
22%
College-Educated
90%
High-School Grad
34.1 sq mi
ZIP Area
1,089
Density / Sq Mi
$56,558
Median Household Income
$36,734
Median Earnings
$954
Median Rent
$214,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - A covered entry porch, screened porch, and enclosed yard add outdoor features to the residential property.
Where is this triplex located?
The property is located at 10 Libby Avenue Lewiston, ME.
What is the asking price?
The asking price for this property is $449,999.
What are key features of this property?
This property features: Three‑unit residential property with 3,168 square feet; Built in 1925 on a 0.15‑acre lot; Multi‑bay garage and spacious parking area
