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    Lewiston Multifamily Property with Garage Title is generated by Realmo AI

    43 Eustis Street, Lewiston, ME 04240

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    Claim this Listing
    New
    For Sale
    $425,000

    MULTI_FAMILY - Lewiston, ME

    Property size:
    2,520 SF
    Lot size:
    0.24 Acres
    Price / SF:
    $168/SF
    Added:
    Jun 15, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 16 at 3:06 pm

    Property Features for 43 Eustis Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    NCA
    Bathrooms
    3
    Rooms
    Bathroom 2, Bathroom 3, Basement, Bathroom 1
    Basement
    Full, Unfinished, Walk-Out Access
    Standard status
    Active
    Size
    2,520 SF
    Lot size
    0.24 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    3766

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Baseboard, Oil, Hot Water(Heating)
    Water source
    Public

    Building Details

    Year built
    1958
    Number of units
    2
    Flooring type
    Wood, Vinyl
    Building materials
    Wood Frame, Asbestos, Shingle Siding
    Roof type
    Membrane, Flat

    We can help!

    Listing Contact
    Brian Wood

    Listing agent Brian Wood

    Listing office HomeSmart 1486 Broadway, ME

    Listing date Jun 15, 2026

    MLS# 1651572 Listing URL

    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

    • Built in 1958 with wood frame construction and shingle siding
    • Newer boiler installed in 2020
    • Roof updated in 2019; flat roof with membrane roofing
    • Windows updated in 2021–2022
    • 2‑car 23 x 24 garage
    • Public water and public sewer; includes basement and 3 bathrooms (Bathroom 1, 2, and 3)

    Overview

    This multifamily property, located in Lewiston, Maine, presents an investment or owner-occupancy opportunity. The property has a history as a rental. It features a newer boiler installed in 2020, a roof replaced in 2019, and windows updated between 2021 and 2022. The property includes a spacious 23 x 24 foot two-car garage. The first-floor unit has two bathrooms and bonus space downstairs.

    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 $36.0k $14.28
    − Vacancy −$479 −$0.19
    EGI $35.5k $14.09
    − OpEx −$10.7k −$4.23
    NOI $24.9k $9.86
    2,520 SF · lease $14.28/SF/yr · vacancy 1.33% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $355.1K
    $310.7K – $414.3K (±1% cap)
    NOI $24,855 @ 7.0% cap · market cap 5.85%
    Second Best
    Apartment 5plus
    $337.4K
    $295.2K – $393.6K (±1% cap)
    NOI $23,615 @ 7.0% cap · market cap 5.56%
    Theoretical Best
    Warehouse
    $4.48M
    $3.92M – $5.22M (±1% cap)
    NOI $313,300 @ 7.0% cap · market cap 73.72%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lewiston
    County
    Androscoggin
    State
    Maine
    Longitude
    -70.183495
    Latitude
    44.077586

    FAQs

    What type of property is this?
    Duplex - Multifamily property featuring a two-car garage and updated systems.
    Where is this duplex located?
    The property is located at 43 Eustis Street Lewiston, ME.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: Built in 1958 with wood frame construction and shingle siding; Newer boiler installed in 2020; Roof updated in 2019; flat roof with membrane roofing
    More about this property
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