Two-Unit Residential
For Sale
$380,000
117 Shawmut Street, Lewiston, ME 04240
Multi-Family, Lewiston, ME
Property Size2,350 SF
Lot Size0.11 Acres
Price / SF$161.70
Days on Market92
Property Features for 117 Shawmut Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bathroom 2, Bathroom 1
Patio and Porch features
Porch
Interior features
1st Floor Bedroom, Bathtub, Pantry, Shower
Basement
Unfinished, Full
Lot features
Level, Intown, Near Shopping, Near Town, Neighborhood
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
Zoned, Baseboard, Oil, Hot Water(Heating)
Water source
Public
Amenities
decks
Building Details
Year built
1915
Floors in Building
2
Number of units
2
Flooring type
Wood, Vinyl
Building materials
Wood Frame, Asbestos, Other Exterior
Roof type
Flat
Listing Agency:
Kre Brokerage Group
(207) 781-2958
Listed By:
Kim Carignan
(207) 807-5226
Added: Jul 7
Changed: Sep 12
Last Checked: Oct 6 at 9:06AM
MLS# 1665843
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.
Built in 1915, this 2,350-square-foot residential property contains two three-bedroom units. Both apartments offer generous layouts with high ceilings, hardwood flooring, dining rooms with built-ins, and access to rear decks. The building has wood-frame construction, a flat roof, public water, and public sewer.
Recent work includes new flooring in portions of both units, fresh paint in the second-floor apartment, newer second-floor windows, updated electrical outlets, a new toilet, and washer/dryer outlets in the first-floor unit. New decks with roofs serve both levels. The property also includes front parking, a basement, porches, and oil-fired baseboard heating with zoned controls.
The first-floor apartment is scheduled for professional cleaning and delivery vacant by July 1st, providing flexibility for owner occupancy or leasing. The property occupies a 0.11-acre lot in Lewiston, Maine, and is zoned Residential.
Recent work includes new flooring in portions of both units, fresh paint in the second-floor apartment, newer second-floor windows, updated electrical outlets, a new toilet, and washer/dryer outlets in the first-floor unit. New decks with roofs serve both levels. The property also includes front parking, a basement, porches, and oil-fired baseboard heating with zoned controls.
The first-floor apartment is scheduled for professional cleaning and delivery vacant by July 1st, providing flexibility for owner occupancy or leasing. The property occupies a 0.11-acre lot in Lewiston, Maine, and is zoned Residential.
Key Highlights
- Two 3‑bedroom units in a 2,350‑square‑foot building
- 0.11‑acre lot with front parking and rear decks on both floors
- Built in 1915 with wood‑frame construction and a flat roof
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.
Property Analytics
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Current Use
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
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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?
Duplex - Two spacious three-bedroom apartments with hardwood floors, dining rooms, decks, and recent interior updates.
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 3‑bedroom units in a 2,350‑square‑foot building; 0.11‑acre lot with front parking and rear decks on both floors; Built in 1915 with wood‑frame construction and a flat roof
