246 Lincoln Street, Lewiston, ME 04240
MULTI_FAMILY - Other - Lewiston, ME
- Added:
- Jun 16, 2026
- Days on Market:
- 1
- Last Refresh:
- Jun 16 at 3:06 pm
Property Features for 246 Lincoln Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RES
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1, Basement
- Basement
- Full
- Standard status
- Active
- Size
- 1,852 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2318
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Oil
- Water source
- Public
Building Details
- Year built
- 1830
- Number of units
- 2
- Flooring type
- Laminate
- Building materials
- Wood Frame, Vinyl Siding
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Erica Berube (207) 601-7047
Listing office Keller Williams Realty 243 Mount Auburn Ave, Portland, ME (207) 879-9800
Listing date Jun 16, 2026
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.
HighLights
- Two‑unit property in Lewiston with separate entrances and off‑street parking
- Year built 1830; wood frame construction with vinyl siding and shingle roof
- Updated flooring and replacement windows on the second floor
- Hybrid hot water heater and newer decks and porches
- Renovated second‑floor bathroom with modern walk‑in shower
- Public water and public sewer service
Overview
Located in Lewiston with zoning listed as RES, the property is described as convenient to downtown amenities, shopping, restaurants, schools, healthcare facilities, and commuter routes, making it practical for both tenants and owners.
For tenants, the separate entrances and outdoor space are straightforward, day-to-day benefits. For buyers, the combination of unit separation and documented updates supports a more manageable move-in or oversight experience whether you plan to occupy one unit and lease the other, or manage both units as a rental asset.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.4k | $14.28 |
| − Vacancy | −$352 | −$0.19 |
| EGI | $26.1k | $14.09 |
| − OpEx | −$7.8k | −$4.23 |
| NOI | $18.3k | $9.86 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lewiston
- County
- Androscoggin
- State
- Maine
- Longitude
- -70.217283
- Latitude
- 44.090384
