Two-Unit Duplex with Covered
For Sale
$380,000
117 Shawmut Street, Lewiston, ME 04240
Each residence has three bedrooms, hardwood floors, and a dining room with built-in features.
Property Size2,350 SF
Price / SF$161.70
Days on Market151
Property Features for 117 Shawmut Street
General Information
Standard status
Active
Size
2,350 SF
Property subtype
MULTI_FAMILY
Units
Unit Mix
2 x 3-bedroom
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,698
Amenities
hardwood floors
high ceilings
built-ins
front parking
backyard decks
Building Details
Building Size
2,350 SF
Year Built
1915
Listing Agency:
Kre Brokerage Group
Listed By:
Kim Carignan
(207) 807-5226
Source:
Hoangrealty
Added: Jun 5
Changed: Oct 27
Last Checked: Oct 31 at 5:04PM
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 Kre Brokerage Group
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.
This 2,350-square-foot duplex, built in 1915, contains two three-bedroom residences. Interior features include hardwood floors, high ceilings, and dining rooms with built-ins. Recent work includes new flooring in several areas, fresh paint in the second-floor apartment, newer windows, and updated electrical outlets. The second-floor windows have also been replaced, and both levels have decks with overhead roofs.
Front parking serves the property, with outdoor deck space at the rear. The first-floor unit is slated for delivery vacant by July 1 and has washer and dryer outlets, along with a new toilet and flooring in the kitchen, hallway, and bedroom.
Front parking serves the property, with outdoor deck space at the rear. The first-floor unit is slated for delivery vacant by July 1 and has washer and dryer outlets, along with a new toilet and flooring in the kitchen, hallway, and bedroom.
Key Highlights
- Two units, each with three bedrooms
- 2,350 square feet; built in 1915
- Hardwood floors, high ceilings, and dining rooms with built‑ins
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,178
Cap Rate
6.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$463,560
$463.6K
Cap Rate 7%
$331,114
$331.1K
Cap Rate 9%
$257,533
$257.5K
Market Conditions
NOI Build-Up for 2,350 SF
Gross rent
$33.6K $14.28/SF
− Vacancy
−$446 −$0.19/SF
EGI
$33.1K $14.09/SF
− OpEx
−$9.9K −$4.23/SF
NOI
$23.2K $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%
$463,560
Cap Rate 7%
$331,114
Cap Rate 9%
$257,533
Alternative Uses
Best Use
Multifamily LT 5
$331.1K
$289.7K – $386.3K
NOI $23,178 @ 7.0% cap · market cap 6.10%
Second Best
Apartment 5plus
$314.6K
$275.3K – $367.0K
NOI $22,022 @ 7.0% cap · market cap 5.80%
Theoretical Best
Warehouse
$4.17M
$3.65M – $4.87M
NOI $292,164 @ 7.0% cap · market cap 76.89%
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
2,167
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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has three bedrooms, hardwood floors, and a dining room with built-in features.
Where is this duplex located?
The property is located at 117 Shawmut Street Lewiston, ME.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: Two units, each with three bedrooms; 2,350 square feet; built in 1915; Hardwood floors, high ceilings, and dining rooms with built‑ins
