Triplex with Updated
174 Bartlett Street Lewiston, ME 04240
For Sale
$490,000
Triplex in Lewiston with three units, updated vinyl plank floors, modern bathrooms, and recent roof, heat, and electric systems.
Property Size3,486 SF
Price / SF$140.56
Days on Market328
Property Features for 174 Bartlett Street
General Information
- Standard status
- Active
- Size
- 3,486 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1900
Listing Agency:
Keller Williams Realty
(207) 751-0532
Listed By:
Bennett Wade
(207) 751-0532
Source:
Compass
Added: Aug 31, 2025
Changed: Jul 21
Last Checked: Jul 23 at 7:03AM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This triplex at 174 Bartlett Street in Lewiston, ME includes three units and has an excellent rental history. The property features updated vinyl plank floors and modern bathrooms. Additional updates include an updated roof, along with heat and electric systems.
The current vacancies create flexibility for an investor or an owner-occupant. For sale as an income-producing multifamily property with room to reposition while maintaining the benefit of the recent exterior and system improvements.
The current vacancies create flexibility for an investor or an owner-occupant. For sale as an income-producing multifamily property with room to reposition while maintaining the benefit of the recent exterior and system improvements.
Key Highlights
- 3‑unit triplex in Lewiston with an established rental history
- Updated vinyl plank floors and vinyl siding with wood‑frame construction
- Modern bathrooms, 3 total bathrooms across the property
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 | $49.8k | $14.28 |
| − Vacancy | −$662 | −$0.19 |
| EGI | $49.1k | $14.09 |
| − OpEx | −$14.7k | −$4.23 |
| NOI | $34.4k | $9.86 |
3,486 SF · lease $14.28/SF/yr · vacancy 1.33% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$491.2K
$429.8K – $573.1K
NOI $34,383 @ 7.0% cap · market cap 7.02%
Second Best
Apartment 5plus
$466.7K
$408.3K – $544.5K
NOI $32,667 @ 7.0% cap · market cap 6.67%
Theoretical Best
Warehouse
$6.19M
$5.42M – $7.22M
NOI $433,398 @ 7.0% cap · market cap 88.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Triplex in Lewiston with three units, updated vinyl plank floors, modern bathrooms, and recent roof, heat, and electric systems.
Where is this triplex located?
The property is located at 174 Bartlett Street Lewiston, ME.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: 3‑unit triplex in Lewiston with an established rental history; Updated vinyl plank floors and vinyl siding with wood‑frame construction; Modern bathrooms, 3 total bathrooms across the property
