Duplex with In-Unit
New
For Sale
$325,000
127 Horton Street, Lewiston, ME 04240
Both residences include three bedrooms and one bathroom, with laundry facilities inside each unit.
Property Size2,470 SF
Price / SF$131.58
Days on Market5
Property Features for 127 Horton Street
General Information
Standard status
Active
Size
2,470 SF
Property subtype
Multi-family
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Amenities
in-unit laundry
Other
Building Details
Year Built
1933
Listing Agency:
Fontaine Family-The Real Estate Leader
Listed By:
Charmaine Raby
(207) 577-1034
Source:
Brendafontaine
Added: Oct 11
Changed: Oct 13
Last Checked: Oct 14 at 11:17PM
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 Fontaine Family-The Real Estate Leader
Investment Insights
Based on property information with market context.
This 2,470-square-foot duplex was built in 1933 and contains two residences. Each unit has three bedrooms, one bathroom, and in-unit laundry.
The property is in-town, with public transportation, shopping, restaurants, schools, and everyday amenities accessible nearby.
The property is in-town, with public transportation, shopping, restaurants, schools, and everyday amenities accessible nearby.
Key Highlights
- Two units, each with 3 bedrooms and 1 bathroom
- In‑unit laundry in both residences
- 2,470 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,362
Cap Rate
7.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$487,240
$487.2K
Cap Rate 7%
$348,029
$348.0K
Cap Rate 9%
$270,689
$270.7K
Market Conditions
NOI Build-Up for 2,470 SF
Gross rent
$35.3K $14.28/SF
− Vacancy
−$469 −$0.19/SF
EGI
$34.8K $14.09/SF
− OpEx
−$10.4K −$4.23/SF
NOI
$24.4K $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%
$487,240
Cap Rate 7%
$348,029
Cap Rate 9%
$270,689
Alternative Uses
Best Use
Multifamily LT 5
$348.0K
$304.5K – $406.0K
NOI $24,362 @ 7.0% cap · market cap 7.50%
Second Best
Apartment 5plus
$330.7K
$289.3K – $385.8K
NOI $23,146 @ 7.0% cap · market cap 7.12%
Theoretical Best
Warehouse
$4.39M
$3.84M – $5.12M
NOI $307,083 @ 7.0% cap · market cap 94.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,223
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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Cap Rate, Value Estimation, Potential NOI and more
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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 - Both residences include three bedrooms and one bathroom, with laundry facilities inside each unit.
Where is this duplex located?
The property is located at 127 Horton Street Lewiston, ME.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 1 bathroom; In‑unit laundry in both residences; 2,470 square feet
