15 Howe Street, Lewiston, ME 04240
MULTI_FAMILY - Lewiston, ME
- Added:
- Mar 27, 2026
- Days on Market:
- 103
- Last Refresh:
- Jul 7 at 5:06 am
Property Features for 15 Howe Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Downtown Residential
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2, Basement
- Basement
- Unfinished, Full
- Standard status
- Active
- Size
- 2,512 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2704
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Other (Heating), Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1887
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Linoleum, Hardwood, Carpet
- Building materials
- Wood Frame, Vinyl Siding
- Roof type
- Shingle
Listing agent Stephen Morgan (207) 754-2773
Listing office Maine Real Estate Pros 260 South Ave, Lewiston, ME (207) 200-8759
Listing date Mar 27, 2026
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.
HighLights
- Lewiston 2‑unit offering with 3 bedrooms per unit and 1 full bathroom in each unit
- Brand new roof installed at the end of August 2025
- Second floor recently remodeled, including newly sanded hardwood floors
- First floor currently rented for $900; second floor is currently empty
- Potential rent indicated at $1,500+/- per unit
- Public water and public sewer; roof is shingle; construction includes wood frame with vinyl siding
Overview
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.9k | $14.28 |
| − Vacancy | −$477 | −$0.19 |
| EGI | $35.4k | $14.09 |
| − OpEx | −$10.6k | −$4.23 |
| NOI | $24.8k | $9.86 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lewiston
- County
- Androscoggin
- State
- Maine
- Longitude
- -70.210969
- Latitude
- 44.099459
