Two-Unit Duplex with In-Unit
New
For Sale
$325,000
127 Horton Street, Lewiston, ME 04240
Multi-Family, Lewiston, ME
Property Size2,470 SF
Lot Size0.11 Acres
Price / SF$131.58
Days on Market2
Property Features for 127 Horton Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
DR
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bathroom 1, Bathroom 2
Pets allowed
No
Interior features
Bathtub, Shower
Lot features
Sidewalks, Intown, Near Shopping
Standard status
Active
Size
2,470 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3683
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Baseboard
Water source
Public
Amenities
in-unit laundry
Building Details
Year built
1933
Floors in Building
2
Number of units
2
Flooring type
Linoleum
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Listing Agency:
Fontaine Family-The Real Estate Leader
(207) 784-3800
Listed By:
Charmaine Raby
(207) 577-1034
Added: Oct 10
Last Checked: Oct 11 at 9:06PM
MLS# 1683943
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.
At 127 Horton Street in Lewiston, this duplex contains two three-bedroom, one-bathroom residences, each with in-unit laundry. The building encompasses 2,470 square feet on a 0.11-acre lot and dates to 1933.
Wood-frame construction with vinyl siding, shingle roofing, and linoleum flooring define the building’s materials. Heating is provided by natural-gas baseboard systems, while public water and sewer serve the property. The recorded zoning designation is DR.
Wood-frame construction with vinyl siding, shingle roofing, and linoleum flooring define the building’s materials. Heating is provided by natural-gas baseboard systems, while public water and sewer serve the property. The recorded zoning designation is DR.
Key Highlights
- Two residences, each with 3 bedrooms, 1 bathroom, and in‑unit laundry
- 2,470 square feet of building area
- 0.11‑acre lot
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.
Property Analytics
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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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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers three bedrooms, one bathroom, and its own laundry facilities.
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 residences, each with 3 bedrooms, 1 bathroom, and in‑unit laundry; 2,470 square feet of building area; 0.11‑acre lot
