Renovated Triplex with Three
For Sale
$387,500
143 Oak St, Lewiston, ME 04240
Updated apartments include both two- and three-bedroom layouts.
Property Size2,568 SF
Price / SF$150.90
Days on Market51
Property Features for 143 Oak St
General Information
Standard status
Active
Size
2,568 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR, 1 x 3BR
Multifamily Units
3
Building Details
Year Built
1891
Buildings
1
Listed By:
Kathy Gallant
(207) 841-7569
Source:
Gre207
Added: Sep 4
Changed: Oct 15
Last Checked: Oct 23 at 6:41AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,568-square-foot triplex contains three apartments with updated interiors and functional living spaces. The first- and third-floor units each have two bedrooms, while the second-floor apartment provides three bedrooms. Originally built in 1891, the property has undergone recent renovation work.
The building is located in Lewiston within walking distance of Central Maine Medical Center and Bates College. A nearby walking path connects to scenic falls along the Androscoggin River, while downtown Lewiston provides access to shops, restaurants, and other local amenities. The combination of unit variety, completed improvements, and proximity to major local institutions supports continued multifamily use.
The building is located in Lewiston within walking distance of Central Maine Medical Center and Bates College. A nearby walking path connects to scenic falls along the Androscoggin River, while downtown Lewiston provides access to shops, restaurants, and other local amenities. The combination of unit variety, completed improvements, and proximity to major local institutions supports continued multifamily use.
Key Highlights
- Three‑unit triplex with two two‑bedroom apartments and one three‑bedroom apartment
- 2,568 square feet of multifamily space
- Recently renovated with updated interiors and modern finishes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,328
Cap Rate
6.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$506,560
$506.6K
Cap Rate 7%
$361,829
$361.8K
Cap Rate 9%
$281,422
$281.4K
Market Conditions
NOI Build-Up for 2,568 SF
Gross rent
$36.7K $14.28/SF
− Vacancy
−$488 −$0.19/SF
EGI
$36.2K $14.09/SF
− OpEx
−$10.9K −$4.23/SF
NOI
$25.3K $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%
$506,560
Cap Rate 7%
$361,829
Cap Rate 9%
$281,422
Alternative Uses
Best Use
Multifamily LT 5
$361.8K
$316.6K – $422.1K
NOI $25,328 @ 7.0% cap · market cap 6.54%
Second Best
Apartment 5plus
$343.8K
$300.8K – $401.1K
NOI $24,065 @ 7.0% cap · market cap 6.21%
Theoretical Best
Warehouse
$4.56M
$3.99M – $5.32M
NOI $319,267 @ 7.0% cap · market cap 82.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,973
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
Frequently Asked Questions
What type of property is this?
Triplex - Updated apartments include both two- and three-bedroom layouts.
Where is this triplex located?
The property is located at 143 Oak St Lewiston, ME.
What is the asking price?
The asking price for this property is $387,500.
What are key features of this property?
This property features: Three‑unit triplex with two two‑bedroom apartments and one three‑bedroom apartment; 2,568 square feet of multifamily space; Recently renovated with updated interiors and modern finishes
