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5-Unit Apartment Property
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127-129 Howe Street, Lewiston, ME 04240

Two detached wood-frame buildings include five two-bedroom, one-bath apartments in a mix of sizes.

Property SizeContact for details
Lot Size0.31 Acres
Days on Market10

Property Features for 127-129 Howe Street

General Information

Standard status Active
Lot size 0.31 Acres
Property subtype Multifamily

Units

Unit Mix 5 x 2BR/1BA
Multifamily Units 5

Building Details

Year Built 1896
Buildings 2
Construction wood-frame
Listing Agency: The Dunham Group
Listed By: Bryan Plourde, MAI · License #SA927310
Source: Crexi
Added: Sep 18 Changed: Sep 24 Last Checked: Sep 26 at 5:21AM

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 The Dunham Group

Investment Insights

Based on property information with market context.

The property comprises two detached wood-frame apartment buildings on a 0.31±-acre parcel. The front building contains three apartments across two to three stories, while the rear building has two apartments. Each of the five units is configured with two bedrooms and one bathroom, with unit sizes varying. The buildings date to circa 1896, and updates began in 2021.

The rear building was renovated from the studs, including plumbing, electrical, flooring, and bathroom tile surrounds. The front building has received select flooring and mechanical updates. Interiors are described as being in good condition, with the rear building in above-average condition following its renovation.

Key Highlights

  • Five apartments, each with two bedrooms and one bathroom
  • Two detached wood‑frame buildings on a 0.31±-acre parcel
  • Front building has three apartments across 2–3 stories; rear building has two

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Electrical Service Carpet & Flooring Store Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Garden Center Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

2,223
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Two detached wood-frame buildings include five two-bedroom, one-bath apartments in a mix of sizes.
Where is this apartment building located?
The property is located at 127-129 Howe Street Lewiston, ME.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Five apartments, each with two bedrooms and one bathroom; Two detached wood‑frame buildings on a 0.31±-acre parcel; Front building has three apartments across 2–3 stories; rear building has two
(207) 650-5122 Call to check price and availability
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