Lewiston Multifamily Building For
125 Pierce St Lewiston, ME 04240
125 Pierce St, Lewiston, ME, 04240
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For Sale
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Six-unit apartment building in Lewiston's revitalization area.
Property Size5,734 SF
Price / SF$130.80
Days on Market136
Property Features for 125 Pierce St
General Information
- Standard status
- Active
- Size
- 5,734 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1891
Listing Agency
F.O. Bailey Real Estate
(207) 409-8339
Listed by
Thomas Gadbois · License #ME BA918504
Source
Crexi
Added: Mar 2 Checked: Jul 16 at 12:13 pm
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 F.O. Bailey Real Estate
Investment Insights
Based on property information with market context.
This six-unit apartment building is located in Lewiston. The property features four three-bedroom units and two two-bedroom units. All units have been updated with new flooring, paint, cabinets, and plumbing. The building also includes new outside porches and siding, as well as a newer roof. The property size is 5734 square feet.
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 |
5,734 SF · lease $17.28/SF/yr · vacancy 1.40% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$767.6K
$671.7K – $895.6K
NOI $53,733 @ 7.0% cap · market cap 7.16%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$10.18M
$8.91M – $11.88M
NOI $712,881 @ 7.0% cap · market cap 95.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Six-unit apartment building in Lewiston's revitalization area.
Where is this apartment building located?
The property is located at 125 Pierce St Lewiston, ME.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 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.
