125 Pierce Street Lewiston, ME 04240
MULTI_FAMILY - Cape Cod - Lewiston, ME
Property Features for 125 Pierce Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Downtown Res
- Bathrooms
- 6
- Rooms
- Bathroom 3, Bathroom 4, Bathroom 6, Bathroom 1, Bathroom 5, Basement, Bathroom 2
- Parking features
- Off Street
- Pets allowed
- No
- Interior features
- Storage
- Basement
- Unfinished, Full
- Standard status
- Active
- Size
- 5,734 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3880
Utilities
- Sewer type
- Public Sewer
- Heating system
- Zoned, Oil, Baseboard, Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1891
- Floors in Building
- 3
- Number of units
- 6
- Flooring type
- Wood, Laminate, Vinyl
- Building materials
- Wood Frame, Asbestos, Wood Siding
- Roof type
- Shingle
- Architectural style
- Cape Cod
- Additional Structures
- Storage
Listing agent Thomas Gadbois License #BA918504 (207) 409-8339
Listing office F.O. Bailey Real Estate 183 US Route 1, Falmouth, ME (207) 781-1111
Listing date Jul 16, 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.
Investment Insights
Based on property information with market context.
Located at 125 Pierce Street in Lewiston, Maine, the property sits within the Downtown Res zoning designation.
With both three- and two-bedroom configurations, the building provides an established rental mix within a compact footprint.
Key Highlights
- 6‑unit apartment building in Lewiston with (4) 3‑bedroom units and (2) 2‑bedroom units
- Units have been updated including flooring, paint, cabinets, and plumbing
- New outside porches, siding, and 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 |
