Two-Unit Duplex with Covered
103 Winter Street, Lewiston, ME 04240
For Sale
$299,000
Separate three- and two-bedroom residences include laundry hookups, plus basement workshop space.
Property Size2,186 SF
Price / SF$136.78
Days on Market145
Property Features for 103 Winter Street
General Information
Standard status
Size
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
laundry hookups
workshop area
covered porch
Building Details
Building Size
Year Built
Units
Listing Agency:
Fontaine Family-The Real Estate Leader
Listed By:
Cindy Morin
(207) 784-3800
Source:
Integrityhomesrealestategroup
Added: Jun 19
Changed: Nov 7
Last Checked: Nov 10 at 12:39PM
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 Fontaine Family-The Real Estate Leader
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1904, this duplex contains two residences: a first-floor, three-bedroom unit and a second-floor, two-bedroom unit. Both have laundry hookups. The upper residence also has a covered porch facing the backyard, and a workshop area occupies part of the basement.
At 103 Winter Street in Lewiston, the property is near shopping, dining, everyday services, and local attractions. Hiking trails and Sunnyside Park are also nearby.
The two-unit configuration offers the option to live in one residence while leasing the other, or to operate both as rental units.
At 103 Winter Street in Lewiston, the property is near shopping, dining, everyday services, and local attractions. Hiking trails and Sunnyside Park are also nearby.
The two-unit configuration offers the option to live in one residence while leasing the other, or to operate both as rental units.
Key Highlights
- Two residences: first‑floor three‑bedroom unit and second‑floor two‑bedroom unit
- Both units have laundry hookups
- Covered porch off the upper unit overlooks the backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,561
Cap Rate
7.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$431,220
$431.2K
Cap Rate 7%
$308,014
$308.0K
Cap Rate 9%
$239,567
$239.6K
Market Conditions
NOI Build-Up for 2,186 SF
Gross rent
$31.2K $14.28/SF
− Vacancy
−$415 −$0.19/SF
EGI
$30.8K $14.09/SF
− OpEx
−$9.2K −$4.23/SF
NOI
$21.6K $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%
$431,220
Cap Rate 7%
$308,014
Cap Rate 9%
$239,567
Alternative Uses
Best Use
Multifamily LT 5
$308.0K
$269.5K – $359.4K
NOI $21,561 @ 7.0% cap · market cap 7.21%
Second Best
Apartment 5plus
$292.6K
$256.1K – $341.4K
NOI $20,485 @ 7.0% cap · market cap 6.85%
Theoretical Best
Office A
$679.9K
$594.9K – $793.2K
NOI $47,592 @ 7.0% cap · market cap 15.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,899
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
$214,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/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 - Separate three- and two-bedroom residences include laundry hookups, plus basement workshop space.
Where is this duplex located?
The property is located at 103 Winter Street 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: Two residences: first‑floor three‑bedroom unit and second‑floor two‑bedroom unit; Both units have laundry hookups; Covered porch off the upper unit overlooks the backyard
