4-Unit Mixed-Use
New
For Sale
$429,000
1114 Lisbon St, Lewiston, ME 04240
Three two-bedroom apartments accompany commercial or office space and a detached garage.
Property Size3,878 SF
Price / SF$110.62
Days on Market5
Property Features for 1114 Lisbon St
General Information
Standard status
Active
Size
3,878 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
3 x 2BR
Multifamily Units
3
Building Details
Year Built
1947
Listed By:
Kathy Gallant
(207) 841-7569
Source:
Gre207
Added: Oct 2
Changed: Oct 6
Last Checked: Oct 5 at 5:57PM
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 Kathy Gallant
Investment Insights
Based on property information with market context.
At 1114 Lisbon St in Lewiston, this mixed-use property combines three two-bedroom apartments with approximately 1,000 square feet of commercial or office space. A separate two-bay garage is also part of the property. Stoves and refrigerators are present in apartments 1, 2, and 3.
The Lisbon Street address places the property along that corridor. Its residential units and commercial space are part of the same four-unit mixed-use asset.
The Lisbon Street address places the property along that corridor. Its residential units and commercial space are part of the same four-unit mixed-use asset.
Key Highlights
- Three residential apartments, each with two bedrooms
- Approximately 1,000 square feet of commercial or office space
- Detached two‑bay garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,341
Cap Rate
8.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$726,820
$726.8K
Cap Rate 7%
$519,157
$519.2K
Cap Rate 9%
$403,789
$403.8K
Market Conditions
NOI Build-Up for 3,878 SF
Gross rent
$67.0K $17.28/SF
− Vacancy
−$938 −$0.24/SF
EGI
$66.1K $17.04/SF
− OpEx
−$29.7K −$7.67/SF
NOI
$36.3K $9.37/SF
Area
Androscoggin County, ME
Vacancy
1.40%
Lease Rate
$17.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$726,820
Cap Rate 7%
$519,157
Cap Rate 9%
$403,789
Alternative Uses
Best Use
Mixed Use
$653.7K
$572.0K – $762.6K
NOI $45,757 @ 7.0% cap · market cap 10.67%
Second Best
Apartment 5plus
$519.2K
$454.3K – $605.7K
NOI $36,341 @ 7.0% cap · market cap 8.47%
Theoretical Best
Warehouse
$6.89M
$6.03M – $8.04M
NOI $482,133 @ 7.0% cap · market cap 112.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
393
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three two-bedroom apartments accompany commercial or office space and a detached garage.
Where is this mixed-use property located?
The property is located at 1114 Lisbon St Lewiston, ME.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Three residential apartments, each with two bedrooms; Approximately 1,000 square feet of commercial or office space; Detached two‑bay garage
