1150 Lisbon Street, Lewiston, ME 04240
MULTI_FAMILY - Lewiston, ME
- Added:
- Jul 5, 2026
- Days on Market:
- 3
- Last Refresh:
- Jul 7 at 5:06 am
Property Features for 1150 Lisbon Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Residential
- Bathrooms
- 3
- Rooms
- Bathroom 3, Basement, Bathroom 2, Bathroom 1
- Parking features
- Heated, Off Street, Open, Underground/Basement
- Patio and Porch features
- Deck
- Basement
- Full, Walk-Out Access, Unfinished
- Standard status
- Active
- Size
- 2,016 SF
- Lot size
- 0.29 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3666
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Oil
- Water source
- Public
Building Details
- Year built
- 1946
- Floors in Building
- 3
- Number of units
- 3
- Flooring type
- Laminate, Wood, Tile, Carpet
- Building materials
- Wood Frame, Vinyl Siding
- Roof type
- Shingle
Listing agent Brian DuBois (207) 333-9019
Listing office Keller Williams Realty 243 Mount Auburn Ave, Portland, ME (207) 879-9800
Listing date Jul 5, 2026
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.
HighLights
- Three‑unit property at 1150 Lisbon Street with public water and public sewer
- Year built 1946 with wood frame construction and vinyl siding
- Newer roof plus newer furnace and windows, with some updates needed
- Oil forced‑air heating with natural gas available on‑site for an easy conversion
- Flooring includes laminate, carpet, wood, and tile
- Deck and a screened yard, plus ample off‑street parking with heated and open/underground/basement parking features
Overview
The property offers ample off-street parking for residents and visitors. It is located in Lewiston, Maine, in a residential-zoned setting, with quick access to the Maine Turnpike and proximity to city amenities.
From a tenant-mix perspective, Unit 1 is suited to an owner-occupant setup, featuring three bedrooms and a private garage bay. Units 2 and 3 are positioned to generate rental income while the owner occupies Unit 1. The overall layout, yard, and parking availability make this a practical option for buyers seeking a multi-unit residence with tangible recent capital improvements and straightforward energy upgrade considerations.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.8k | $14.28 |
| − Vacancy | −$383 | −$0.19 |
| EGI | $28.4k | $14.09 |
| − OpEx | −$8.5k | −$4.23 |
| NOI | $19.9k | $9.86 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lewiston
- County
- Androscoggin
- State
- Maine
- Longitude
- -70.190499
- Latitude
- 44.079035
