Lisbon Multifamily Investment
178 Main Street Lisbon, ME 04252
178 Main Street, Lisbon, ME, 04252
$350,000
For Sale
$350,000
MULTI_FAMILY - Other - Lisbon, ME
Property Size3,400 SF
Lot Size1.13 Acres
Price / SF$102.94
Days on Market46
Property Features for 178 Main Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Limited Res
- Bathrooms
- 4
- Rooms
- Basement, Bathroom 2, Bathroom 3, Bathroom 1, Bathroom 4
- Patio and Porch features
- Porch, Deck
- Basement
- Unfinished, Full
- Standard status
- Active
- Size
- 3,400 SF
- Lot size
- 1.13 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 8937
Utilities
- Sewer type
- Septic Tank, Private Sewer
- Heating system
- Forced Air, Oil
- Water source
- Public, Well
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Laminate, Vinyl, Wood
- Building materials
- Wood Frame, Vinyl Siding
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
Tim Dunham Realty
(207) 729-7297
643 Lewiston Rd, Topsham, ME
Listed by
Sam Prindle
(207) 740-0596
Added: Jun 2 Checked: Jul 17 at 7:06 am
MLS# 1662886
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.
This multifamily property, located in Lisbon, Maine, presents an investment opportunity. The property, situated on a 1.13-acre lot, features a 3,400-square-foot building. The zoning is Limited Res. Unit 1 is vacant.
Key Highlights
- Year built 1920
- Wood frame with vinyl siding exterior
- Heating: oil forced air
Local Financial Insights For Apartment 5plus
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 | $58.8k | $17.28 |
| − Vacancy | −$823 | −$0.24 |
| EGI | $57.9k | $17.04 |
| − OpEx | −$26.1k | −$7.67 |
| NOI | $31.9k | $9.37 |
3,400 SF · lease $17.28/SF/yr · vacancy 1.40% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$479.1K
$419.2K – $558.9K
NOI $33,534 @ 7.0% cap · market cap 9.58%
Second Best
Apartment 5plus
$455.2K
$398.3K – $531.0K
NOI $31,861 @ 7.0% cap · market cap 9.10%
Theoretical Best
Warehouse
$6.04M
$5.28M – $7.05M
NOI $422,706 @ 7.0% cap · market cap 120.77%
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 - Multifamily property in Lisbon, Maine, ideal for investment.
Where is this duplex located?
The property is located at 178 Main Street Lisbon, ME.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Year built 1920; Wood frame with vinyl siding exterior; Heating: oil forced air
