Renovated Two-Unit Cape
153 Spring Street Lewiston, ME 04240
New
153 Spring Street, Lewiston, ME, 04240
$299,000
For Sale
$299,000
MULTI_FAMILY - Cape Cod - Lewiston, ME
Property Size1,555 SF
Lot Size0.11 Acres
Price / SF$192.28
Days on Market7
Property Features for 153 Spring Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- UE
- Bathrooms
- 2
- Rooms
- Basement, Bathroom 1, Bathroom 2
- Parking features
- Off Street
- Patio and Porch features
- Deck
- Pets allowed
- No
- Interior features
- 1st Floor Bedroom, Bathtub, Shower, Storage
- Basement
- Unfinished
- Standard status
- Active
- Size
- 1,555 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2163
Utilities
- Sewer type
- Public Sewer
- Heating system
- Hot Water(Heating), Natural Gas
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Vinyl, Carpet
- Building materials
- Wood Frame, Vinyl Siding
- Roof type
- Shingle
- Architectural style
- Cape Cod
- Additional Structures
- Outbuilding, Storage
Listing Agency
Maine Home Connection
(207) 517-3100
19 Commercial Street, Portland, ME
Listed by
Melissa Morrill
(207) 233-2456
Added: Jul 10 Checked: Jul 16 at 4:06 pm
MLS# 1666346
Listing URL
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.
Welcome to 153 Spring Street, a completely remodeled two-unit Cape Cod-style property. The home has been renovated from top to bottom and includes extensive system and exterior updates such as a new natural gas boiler, new roof, and new siding, along with modern interior finishes throughout.
The first-floor unit features two bedrooms and multiple living spaces, including a formal dining room and a front entry room that can serve as a home office, playroom, or other flex area. It also includes a bright eat-in kitchen with a new center island. The second-floor unit has been fully updated and offers a comfortable one-bedroom layout with fresh finishes.
Set on a 0.11-acre lot, the property totals 1,555 square feet. It is offered for sale in Lewiston, ME, within Androscoggin County.
The first-floor unit features two bedrooms and multiple living spaces, including a formal dining room and a front entry room that can serve as a home office, playroom, or other flex area. It also includes a bright eat-in kitchen with a new center island. The second-floor unit has been fully updated and offers a comfortable one-bedroom layout with fresh finishes.
Set on a 0.11-acre lot, the property totals 1,555 square feet. It is offered for sale in Lewiston, ME, within Androscoggin County.
Key Highlights
- Renovated multi‑family with 1st‑floor 2‑bedroom unit and 2nd‑floor 1‑bedroom unit
- Major updates include a brand‑new natural gas boiler, new roof, and new siding
- Cape Cod style home with wood frame construction and vinyl siding
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 | $22.2k | $14.28 |
| − Vacancy | −$295 | −$0.19 |
| EGI | $21.9k | $14.09 |
| − OpEx | −$6.6k | −$4.23 |
| NOI | $15.3k | $9.86 |
1,555 SF · lease $14.28/SF/yr · vacancy 1.33% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$219.1K
$191.7K – $255.6K
NOI $15,337 @ 7.0% cap · market cap 5.13%
Second Best
Apartment 5plus
$208.2K
$182.2K – $242.9K
NOI $14,572 @ 7.0% cap · market cap 4.87%
Theoretical Best
Warehouse
$2.76M
$2.42M – $3.22M
NOI $193,326 @ 7.0% cap · market cap 64.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Completely remodeled two-unit Cape Cod offers updated interiors, new roof and siding, plus a new natural gas boiler.
Where is this duplex located?
The property is located at 153 Spring Street Lewiston, ME.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Renovated multi‑family with 1st‑floor 2‑bedroom unit and 2nd‑floor 1‑bedroom unit; Major updates include a brand‑new natural gas boiler, new roof, and new siding; Cape Cod style home with wood frame construction and vinyl siding
