71 Warren Avenue, Lewiston, ME 04240
MULTI_FAMILY - Other - Lewiston, ME
- Added:
- Jul 2, 2026
- Days on Market:
- 6
- Last Refresh:
- Jul 7 at 9:06 am
Property Features for 71 Warren Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Res
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bathroom 3, Basement, Bathroom 1
- Basement
- Unfinished, Full
- Standard status
- Active
- Size
- 1,720 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3514
Utilities
- Sewer type
- Public Sewer
- Heating system
- Propane (Heating), Oil, Other (Heating)
- Water source
- Public
Building Details
- Year built
- 1897
- Number of units
- 3
- Flooring type
- Carpet, Laminate
- Building materials
- Wood Frame, Vinyl Siding
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Heather Szela (207) 485-4400
Listing office Portside Real Estate Group 221 Main Street, Belgrade Lakes, ME (207) 495-3700
Listing date Jul 2, 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
- 3‑unit multifamily with a studio, 1‑bedroom, and 2‑bedroom apartment
- One unit is currently vacant, offering flexibility for an owner‑occupant or rental
- Each unit includes its own laundry
- Detached 1‑car garage, fenced yard, and ample off‑street parking
- Recent improvements include a new electrical panel and updates/renovations to the first- and third‑floor units
- Year built 1897; public water and public sewer; shingle roof; wood frame with vinyl siding
Overview
The property sits on a 0.18-acre lot and includes a detached one-car garage, a fenced yard, and ample off-street parking. Recent updates include a new electrical panel, along with renovations and improvements to the first-floor and renovated third-floor unit.
With a vacancy already in place, the property may appeal to an owner-occupant looking to live in one unit while renting the others, or to an investor seeking three independent apartments with laundry included in each unit. The combination of unit variety, dedicated laundry, and practical exterior amenities like the fenced yard and off-street parking supports a straightforward residential income strategy.
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 | $24.6k | $14.28 |
| − Vacancy | −$327 | −$0.19 |
| EGI | $24.2k | $14.09 |
| − OpEx | −$7.3k | −$4.23 |
| NOI | $17.0k | $9.86 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lewiston
- County
- Androscoggin
- State
- Maine
- Longitude
- -70.193471
- Latitude
- 44.096876
