2-Unit
For Sale
$315,999
10 Lowell Court, Lewiston, ME 04240
Multi-Family, Lewiston, ME
Property Size2,016 SF
Lot Size0.05 Acres
Price / SF$156.75
Days on Market12
Property Features for 10 Lowell Court
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Centreville District
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Basement, Bathroom 2
Basement
Unfinished, Full
Lot features
Open, Level, Intown, Near Shopping
Standard status
Active
Size
2,016 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
2249
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Oil
Water source
Public
Building Details
Year built
1900
Number of units
2
Flooring type
Laminate
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Listing Agency:
Keller Williams Realty
(207) 879-9800
Listed By:
Franklin Katunda
(207) 518-8371
Added: Sep 25
Changed: Sep 28
Last Checked: Oct 6 at 1:06PM
MLS# 1676388
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 two-unit duplex in Lewiston contains 2,016 square feet on a 0.05-acre lot. Built in 1900, the property has wood-frame construction with vinyl siding, laminate flooring, and a shingle roof. Heating is provided by an oil-fired hot water system. The recorded room information includes two bathrooms and a basement.
The property is in the Centreville District and has public water and public sewer service. St. Mary's Regional Medical Center and Bates College are identified as nearby destinations in the property information.
The property is in the Centreville District and has public water and public sewer service. St. Mary's Regional Medical Center and Bates College are identified as nearby destinations in the property information.
Key Highlights
- Two‑unit duplex with 2,016 square feet of building area
- 0.05‑acre lot in the Centreville District
- Built in 1900; wood‑frame construction with vinyl siding
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.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,333
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?
Duplex - A compact residential income property with public water and sewer service.
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 of building area; 0.05‑acre lot in the Centreville District; Built in 1900; wood‑frame construction with vinyl siding
