125 Pierce St Lewiston, ME 04240
Six-unit apartment building in Lewiston's revitalization area.
Property Features for 125 Pierce St
General Information
- Standard status
- Active
- Size
- 5,734 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1891
Listing office F.O. Bailey Real Estate (207) 409-8339
Listing date Mar 2, 2026
Source Crexi
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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.
Key Highlights
- Updated Units: All 6 units have been updated with new flooring, paint, cabinets, and plumbing.
- New Exterior Features: Enjoy brand new outside porches and siding.
- Newer Roof: Benefit from the peace of mind of a newer roof.
Local Financial Insights For Apartment 5plus
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 | $99.1k | $17.28 |
| − Vacancy | −$1.4k | −$0.24 |
| EGI | $97.7k | $17.04 |
| − OpEx | −$44.0k | −$7.67 |
| NOI | $53.7k | $9.37 |
