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Three-Building Apartment Portfolio
For Sale
Contact for pricing
Pending

115 Pierce St, Lewiston, ME 04240

Multifamily package with updated kitchens, flooring, and paint across a varied unit mix.

Property SizeContact for details
Days on Market142

Property Features for 115 Pierce St

General Information

Standard status Pending
Property subtype Multifamily

Units

Unit Mix 7 x 1BR, 7 x 2BR, 4 x 3BR
Multifamily Units 18

Building Details

Buildings 3
Listing Agency: F.O. Bailey Real Estate
Listed By: Thomas Gadbois · License #ME BA918504
Source: Crexi
Added: Apr 12 Changed: Aug 30 Last Checked: Aug 30 at 5:00PM

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 F.O. Bailey Real Estate

Investment Insights

Based on property information with market context.

This multifamily offering includes three apartment buildings totaling 18 units in Lewiston, Maine. The portfolio comprises 7 one-bedroom units, 7 two-bedroom units, and 4 three-bedroom units, providing a balanced mix of layouts within the package.

Property improvements include work to kitchens, flooring, and interior paint, along with rental increases. The buildings are located at 179 Pine St and 115-117 Pierce St in Lewiston. Together, the properties present a defined apartment portfolio with multiple unit configurations and completed capital improvements.

Key Highlights

  • 18‑unit apartment portfolio across 3 buildings
  • Unit mix includes 7 one‑bedroom, 7 two‑bedroom, and 4 three‑bedroom units
  • Kitchen improvements completed across the portfolio

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Carpet & Flooring Store Storage Facility (Bike/Boat/Book/etc) Store Garden Center Electrical Service Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

18
Residential units

Location Intelligence

Trade Area within ½ mile

2,223
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Multifamily package with updated kitchens, flooring, and paint across a varied unit mix.
Where is this apartment building located?
The property is located at 115 Pierce St Lewiston, ME.
What are key features of this property?
This property features: 18‑unit apartment portfolio across 3 buildings; Unit mix includes 7 one‑bedroom, 7 two‑bedroom, and 4 three‑bedroom units; Kitchen improvements completed across the portfolio
(207) 409-8339 Call to check price and availability
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