2-Unit
10 Lowell Court, Lewiston, ME 04240
For Sale
$315,999
Multi-Family, Lewiston, ME
Property Size2,016 SF
Lot Size0.05 Acres
Price / SF$156.75
Days on Market48
Property Features for 10 Lowell Court
General Information
Property type
Property subtype
Zoning
Bathrooms
Full bathrooms
Rooms
Basement
Lot features
Standard status
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Water source
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
Keller Williams Realty
Listed By:
Franklin Katunda
(207) 879-9800
Added: Sep 25
Changed: Oct 30
Last Checked: Nov 11 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.
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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
Office A
$627.0K
$548.6K – $731.5K
NOI $43,890 @ 7.0% cap · market cap 13.89%
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
$214,200
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Lewiston, ME
Properties on Market for Duplexes in Lewiston
Vacancy Rate% for Multifamily in Northeast region
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
