Renovated 2-Unit
For Sale
$315,999
10 Lowell Court, Lewiston, ME 04240
The updated residence offers two units near medical centers and Bates College in Lewiston.
Property Size2,016 SF
Price / SF$156.75
Days on Market78
Property Features for 10 Lowell Court
General Information
Standard status
Active
Size
2,016 SF
Property subtype
MULTI_FAMILY
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,249
Building Details
Building Size
2,016 SF
Year Built
1900
Listing Agency:
Keller Williams Realty
Listed By:
Franklin Katunda
(207) 518-8371
Source:
Hoangrealty
Added: Aug 17
Changed: Oct 27
Last Checked: Oct 31 at 3:20PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty
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Investment Insights
Based on property information with market context.
This renovated duplex contains two residential units within 2,016 square feet. Built in 1900, the property is located at 10 Lowell Court in Lewiston, Maine.
St. Mary's Regional Medical Center and Central Maine Medical Center are identified as nearby, with Bates College also in the surrounding area.
St. Mary's Regional Medical Center and Central Maine Medical Center are identified as nearby, with Bates College also in the surrounding area.
Key Highlights
- Two‑unit duplex with 2,016 square feet
- Renovated residential property
- Built in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,884
Cap Rate
6.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$397,680
$397.7K
Cap Rate 7%
$284,057
$284.1K
Cap Rate 9%
$220,933
$220.9K
Market Conditions
NOI Build-Up for 2,016 SF
Gross rent
$28.8K $14.28/SF
− Vacancy
−$383 −$0.19/SF
EGI
$28.4K $14.09/SF
− OpEx
−$8.5K −$4.23/SF
NOI
$19.9K $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%
$397,680
Cap Rate 7%
$284,057
Cap Rate 9%
$220,933
Alternative Uses
Best Use
Multifamily LT 5
$284.1K
$248.6K – $331.4K
NOI $19,884 @ 7.0% cap · market cap 6.29%
Second Best
Apartment 5plus
$269.9K
$236.2K – $314.9K
NOI $18,892 @ 7.0% cap · market cap 5.98%
Theoretical Best
Warehouse
$3.58M
$3.13M – $4.18M
NOI $250,640 @ 7.0% cap · market cap 79.32%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,333
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The updated residence offers two units near medical centers and Bates College in Lewiston.
Where is this duplex located?
The property is located at 10 Lowell Court Lewiston, ME.
What is the asking price?
The asking price for this property is $315,999.
What are key features of this property?
This property features: Two‑unit duplex with 2,016 square feet; Renovated residential property; Built in 1900
