4-Unit Mixed-Use
New
For Sale
$429,000
1114 Lisbon Street, Lewiston, ME 04240
Multi-Family, Lewiston, ME
Property Size3,878 SF
Lot Size0.23 Acres
Price / SF$110.62
Days on Market6
Property Features for 1114 Lisbon Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
CB
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bathroom 2, Bathroom 1, Basement
Security features
Security System
Patio and Porch features
Porch
Basement
Unfinished, Walk-Out Access, Full
Lot features
Corner Lot, Sidewalks, Industrial Park, Intown, Near Golf Course, Near Shopping, Near Turnpike/ Interstate, Near Town, Near Public Transit
Standard status
Active
Size
3,878 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6673
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Oil, Forced Air
Water source
Public
Building Details
Year built
1947
Floors in Building
2
Number of units
4
Flooring type
Wood, Laminate, Vinyl, Carpet
Building materials
Wood Frame, Aluminum Siding, Vinyl Siding
Roof type
Flat, Membrane
Listing Agency:
Keller Williams Realty
(207) 879-9800
Listed By:
Tammy Dumais
(207) 754-8877
Added: Oct 1
Changed: Oct 5
Last Checked: Oct 6 at 6:06AM
MLS# 1682779
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.
At 1114 Lisbon Street, this 3,878-square-foot mixed-use property combines three two-bedroom apartments with approximately 1,000 square feet of commercial or office space. A detached garage has two bays. The apartments include wood, laminate, vinyl, and carpet flooring; stoves and refrigerators are in units 1, 2, and 3. The building dates to 1947 and has a porch, hot-water and forced-air heating, and a basement.
The 0.23-acre property is zoned CB and served by public water and public sewer. Its Lisbon Street address places the residential units and commercial area within the same building, with the garage as a separate structure.
The 0.23-acre property is zoned CB and served by public water and public sewer. Its Lisbon Street address places the residential units and commercial area within the same building, with the garage as a separate structure.
Key Highlights
- Three apartments, each with two bedrooms
- Approximately 1,000 square feet of commercial or office area
- Detached two‑bay garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,341
Cap Rate
8.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$726,820
$726.8K
Cap Rate 7%
$519,157
$519.2K
Cap Rate 9%
$403,789
$403.8K
Market Conditions
NOI Build-Up for 3,878 SF
Gross rent
$67.0K $17.28/SF
− Vacancy
−$938 −$0.24/SF
EGI
$66.1K $17.04/SF
− OpEx
−$29.7K −$7.67/SF
NOI
$36.3K $9.37/SF
Area
Androscoggin County, ME
Vacancy
1.40%
Lease Rate
$17.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$726,820
Cap Rate 7%
$519,157
Cap Rate 9%
$403,789
Alternative Uses
Best Use
Mixed Use
$653.7K
$572.0K – $762.6K
NOI $45,757 @ 7.0% cap · market cap 10.67%
Second Best
Apartment 5plus
$519.2K
$454.3K – $605.7K
NOI $36,341 @ 7.0% cap · market cap 8.47%
Theoretical Best
Warehouse
$6.89M
$6.03M – $8.04M
NOI $482,133 @ 7.0% cap · market cap 112.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Office units
3
Residential units
Location Intelligence
Trade Area within ½ mile
393
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?
Mixed-use property - Three two-bedroom apartments sit alongside commercial space, offering residential and business uses within one property.
Where is this mixed-use property located?
The property is located at 1114 Lisbon Street Lewiston, ME.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Three apartments, each with two bedrooms; Approximately 1,000 square feet of commercial or office area; Detached two‑bay garage
