117 Shawmut Street, Lewiston, ME 04240
MULTI_FAMILY - Lewiston, ME
- Added:
- Jun 5, 2026
- Days on Market:
- 5
- Last Refresh:
- Jun 9 at 10:06 pm
Property Features for 117 Shawmut Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Residential
- Bathrooms
- 2
- Rooms
- Basement, Bathroom 1, Bathroom 2
- Patio and Porch features
- Porch
- Interior features
- 1st Floor Bedroom, Bathtub, Pantry, Shower
- Basement
- Unfinished, Full
- Standard status
- Active
- Size
- 2,350 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2698
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard, Oil, Zoned, Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1915
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Vinyl, Wood
- Building materials
- Wood Frame, Asbestos, Other Exterior
- Roof type
- Flat
Listing agent Kim Carignan (207) 807-5226
Listing office Kre Brokerage Group 1 River Oaks Way #1, Falmouth, ME (207) 781-2958
Listing date Jun 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
- 2‑unit multi‑family built in 1915, with two 3‑bedroom units
- Public water and public sewer
- Heating includes baseboard and oil with zoned hot water heating
- Flat roof; wood‑frame construction
- Porch plus decks on both floors, and front parking
- Recent updates include new flooring and fresh paint in the 2nd‑floor unit, plus new 2nd‑floor windows
Overview
Located at 117 Shawmut Street in Lewiston, Maine, the home sits on a 0.11-acre lot and totals 2,350 square feet. The listing states the first-floor unit will be professionally cleaned and delivered vacant by July 1, with the second unit currently occupied. Zoning is identified as Residential.
The configuration supports flexible use for a purchaser who wants to owner-occupy one unit while maintaining rental income from the other. With the second-floor improvements already in place and the first-floor unit planned to be move-in ready by July 1, the property may appeal to tenants or owner-occupants seeking immediate operational readiness and clear unit separation.
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 | $33.6k | $14.28 |
| − Vacancy | −$446 | −$0.19 |
| EGI | $33.1k | $14.09 |
| − OpEx | −$9.9k | −$4.23 |
| NOI | $23.2k | $9.86 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lewiston
- County
- Androscoggin
- State
- Maine
- Longitude
- -70.207794
- Latitude
- 44.096011
