Six-Unit Multifamily
New
For Sale
$650,000
25 Howe Street, Lewiston, ME 04240
MULTI_FAMILY - Lewiston, ME
Property Size5,436 SF
Lot Size0.11 Acres
Price / SF$119.57
Days on Market4
Property Features for 25 Howe Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
NCB
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 1, Bathroom 5, Bathroom 6, Basement, Bathroom 4, Bathroom 2, Bathroom 3
Parking features
Off Street
Patio and Porch features
Porch
Pets allowed
No
Interior features
1st Floor Bedroom
Basement
Full, Walk-Out Access, Unfinished
Lot features
Open, Level, Sidewalks, Intown, Near Shopping, Neighborhood
Standard status
Active
Size
5,436 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5261
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Other (Heating), Hot Water(Heating)
Water source
Public
Building Details
Year built
1906
Floors in Building
3
Number of units
6
Flooring type
Vinyl, Laminate, Carpet, Wood
Building materials
Wood Frame, Vinyl Siding
Roof type
Membrane, Flat
Listing Agency:
Portside Real Estate Group
(207) 607-5965
Listed By:
Elisabeth Cardali
(207) 751-0656
Added: Jul 28
Last Checked: Jul 31 at 7:06AM
MLS# 1673772
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.
This six-unit multifamily property was built in 1906 and contains six residential units with separate unit layouts. The asset includes ample off-street parking to support day-to-day tenant needs.
Located in Lewiston, the property is described as a convenient in-town location close to downtown, hospitals, shopping, restaurants, schools, and public transportation, with access suited to a residential rental market.
Offered for sale as an investment property, it represents a straightforward way to add a small multifamily building to a portfolio or acquire a first income-producing asset in an established rental area.
Located in Lewiston, the property is described as a convenient in-town location close to downtown, hospitals, shopping, restaurants, schools, and public transportation, with access suited to a residential rental market.
Offered for sale as an investment property, it represents a straightforward way to add a small multifamily building to a portfolio or acquire a first income-producing asset in an established rental area.
Key Highlights
- Six‑unit multifamily property built in 1906
- Public utilities: public water and public sewer
- Wood frame construction with vinyl siding
Financial Insights For Apartment 5plus
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 | $93.9k | $17.28 |
| − Vacancy | −$1.3k | −$0.24 |
| EGI | $92.6k | $17.04 |
| − OpEx | −$41.7k | −$7.67 |
| NOI | $50.9k | $9.37 |
5,436 SF · lease $17.28/SF/yr · vacancy 1.40% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$727.7K
$636.8K – $849.0K
NOI $50,940 @ 7.0% cap · market cap 7.84%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$9.65M
$8.45M – $11.26M
NOI $675,832 @ 7.0% cap · market cap 103.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
2,273
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Six residential units in an income-producing multifamily property built in 1906.
Where is this apartment building located?
The property is located at 25 Howe Street Lewiston, ME.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Six‑unit multifamily property built in 1906; Public utilities: public water and public sewer; Wood frame construction with vinyl siding
