3-Unit Triplex with In-Unit
New
For Sale
$299,000
71 Warren Avenue, Lewiston, ME 04240
Multi-Family, Lewiston, ME
Property Size1,720 SF
Lot Size0.18 Acres
Price / SF$173.84
Days on Market2
Property Features for 71 Warren Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Res
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Basement, Bathroom 1, Bathroom 2
Basement
Full, Unfinished
Lot features
Well Landscaped, Open, Level, Sidewalks, Intown
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
Oil, Other (Heating), Propane (Heating)
Water source
Public
Amenities
in-unit laundry
garage
fenced yard
Building Details
Year built
1897
Number of units
3
Flooring type
Laminate, Carpet
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
Portside Real Estate Group
(207) 495-3700
Listed By:
Heather Szela
(207) 485-4400
Added: Oct 6
Last Checked: Oct 7 at 4:06AM
MLS# 1669412
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 1,720-square-foot triplex contains three apartments: a studio, a one-bedroom, and a two-bedroom unit. Each apartment has its own laundry. One unit is vacant. The property also includes a detached one-car garage, a fenced yard, and off-street parking on a 0.18-acre lot.
Built in 1897, the building has a new electrical panel, a renovated third-floor apartment, and updates to the first-floor unit. Public water and public sewer serve the property, which is zoned Res.
Built in 1897, the building has a new electrical panel, a renovated third-floor apartment, and updates to the first-floor unit. Public water and public sewer serve the property, which is zoned Res.
Key Highlights
- Three apartments: studio, one‑bedroom, and two‑bedroom; one unit is vacant
- 1,720 square feet on a 0.18‑acre lot
- Laundry in each apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,964
Cap Rate
5.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$339,280
$339.3K
Cap Rate 7%
$242,343
$242.3K
Cap Rate 9%
$188,489
$188.5K
Market Conditions
NOI Build-Up for 1,720 SF
Gross rent
$24.6K $14.28/SF
− Vacancy
−$327 −$0.19/SF
EGI
$24.2K $14.09/SF
− OpEx
−$7.3K −$4.23/SF
NOI
$17.0K $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%
$339,280
Cap Rate 7%
$242,343
Cap Rate 9%
$188,489
Alternative Uses
Best Use
Multifamily LT 5
$242.3K
$212.1K – $282.7K
NOI $16,964 @ 7.0% cap · market cap 5.67%
Second Best
Apartment 5plus
$230.3K
$201.5K – $268.6K
NOI $16,118 @ 7.0% cap · market cap 5.39%
Theoretical Best
Warehouse
$3.05M
$2.67M – $3.56M
NOI $213,839 @ 7.0% cap · market cap 71.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
654
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - The studio, one-bedroom, and two-bedroom layouts include one currently vacant apartment.
Where is this triplex located?
The property is located at 71 Warren Avenue Lewiston, ME.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Three apartments: studio, one‑bedroom, and two‑bedroom; one unit is vacant; 1,720 square feet on a 0.18‑acre lot; Laundry in each apartment
