16 Howe Street Lewiston, ME 04240
MULTI_FAMILY - Colonial - Lewiston, ME
Property Features for 16 Howe Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- DR
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bathroom 1, Bathroom 3
- Parking features
- Off Street
- Basement
- Full
- Standard status
- Active
- Size
- 3,930 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2518
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard, Zoned, Oil, Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1891
- Number of units
- 3
- Flooring type
- Wood, Carpet, Vinyl
- Building materials
- Wood Frame, Asbestos
- Roof type
- Shingle
- Architectural style
- Colonial
Listing agent Kyle McCarthy (339) 236-5172
Listing office EXP Realty 41 Hutchins Drive Building 3, Rangeley, ME (888) 439-8743
Listing date Jul 16, 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.
Investment Insights
Based on property information with market context.
Two of the units are currently vacant, while one unit is already occupied and generating rental revenue. The property is identified under zoning DR.
Located at 16 Howe Street in Lewiston, Maine, this triplex offers an updated foundation for an investor looking to lease the currently vacant units.
Key Highlights
- 3‑unit multi‑family home built in 1891 with Colonial architectural style
- New siding and updated interiors reported for the property
- Two units are currently vacant, while one unit is occupied and generating rental revenue
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 | $56.1k | $14.28 |
| − Vacancy | −$746 | −$0.19 |
| EGI | $55.4k | $14.09 |
| − OpEx | −$16.6k | −$4.23 |
| NOI | $38.8k | $9.86 |
