Duplex with Three-Season
For Sale
$365,000
Pending
19 Jeffrey St, Lewiston, ME 04240
Two separate apartments offer one- and two-bedroom layouts, with laundry areas in both units.
Property Size2,016 SF
Days on Market17
Property Features for 19 Jeffrey St
General Information
Standard status
Pending
Size
2,016 SF
Total Parking Spaces
1
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Amenities
three-season sunroom
private deck
shed
in-unit laundry
Building Details
Year Built
1983
Stories
2
Listed By:
Crown Lakes Realty
(207) 436-8889
Source:
Crownlakesrealty
Added: Oct 2
Changed: Oct 15
Last Checked: Oct 16 at 8:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Crown Lakes Realty
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Investment Insights
Based on property information with market context.
Built in 1983, this 2,016-square-foot duplex contains two apartments. The first-floor unit has one bedroom, a full bathroom with laundry, an eat-in kitchen, living room, three-season sunroom, and private deck. Upstairs, the second unit features two bedrooms, a full bathroom, laundry area, eat-in kitchen, and living room. Both apartments can use the one-car garage for storage; its door has been removed. The property also includes natural gas, public utilities, a backyard, and a shed.
Unit 1 is vacant. The property is in Lewiston, near shopping and schools, and a short drive from the Turnpike.
Unit 1 is vacant. The property is in Lewiston, near shopping and schools, and a short drive from the Turnpike.
Key Highlights
- 2,016‑square‑foot duplex built in 1983
- Two units: one has 1 bedroom and the other has 2 bedrooms
- First‑floor apartment includes a three‑season sunroom and private deck
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,884
Cap Rate
5.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$397,680
$397.7K
Cap Rate 7%
$284,057
$284.1K
Cap Rate 9%
$220,933
$220.9K
Market Conditions
NOI Build-Up for 2,016 SF
Gross rent
$28.8K $14.28/SF
− Vacancy
−$383 −$0.19/SF
EGI
$28.4K $14.09/SF
− OpEx
−$8.5K −$4.23/SF
NOI
$19.9K $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%
$397,680
Cap Rate 7%
$284,057
Cap Rate 9%
$220,933
Alternative Uses
Best Use
Multifamily LT 5
$284.1K
$248.6K – $331.4K
NOI $19,884 @ 7.0% cap · market cap 5.45%
Second Best
Apartment 5plus
$269.9K
$236.2K – $314.9K
NOI $18,892 @ 7.0% cap · market cap 5.18%
Theoretical Best
Warehouse
$3.58M
$3.13M – $4.18M
NOI $250,640 @ 7.0% cap · market cap 68.67%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
318
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate apartments offer one- and two-bedroom layouts, with laundry areas in both units.
Where is this duplex located?
The property is located at 19 Jeffrey St Lewiston, ME.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: 2,016‑square‑foot duplex built in 1983; Two units: one has 1 bedroom and the other has 2 bedrooms; First‑floor apartment includes a three‑season sunroom and private deck
