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    Nine-Unit Apartment High-Rise Title is generated by Realmo AI

    184 Bartlett Street, Lewiston, ME 04240

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    Claim this Listing
    New
    For Sale
    $1,195,000

    MULTI_FAMILY - High Rise - Lewiston, ME

    Property size:
    10,644 SF
    Lot size:
    0.22 Acres
    Price / SF:
    $112/SF
    Added:
    Jun 12, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 13 at 10:06 am

    Property Features for 184 Bartlett Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    DR
    Bathrooms
    9
    Rooms
    Bathroom 9, Bathroom 1, Bathroom 2, Bathroom 6, Bathroom 5, Bathroom 4, Basement, Bathroom 7, Bathroom 3, Bathroom 8
    Pets allowed
    No
    Interior features
    1st Floor Bedroom
    Basement
    Full
    Standard status
    Active
    Size
    10,644 SF
    Lot size
    0.22 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    25093

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Baseboard
    Water source
    Public

    Building Details

    Year built
    1925
    Floors in Building
    3
    Number of units
    9
    Flooring type
    Wood, Vinyl
    Building materials
    Wood Frame, Vinyl Siding
    Roof type
    Rolled Hot Mop, Flat
    Architectural style
    High Rise

    We can help!

    Listing Contact
    Thomas Gadbois
    Thomas Gadbois

    Listing agent Thomas Gadbois License #BA918504

    Listing office F.O. Bailey Real Estate 183 US Route 1, Falmouth, ME

    Listing date Jun 12, 2026

    MLS# 1660268 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.

    HighLights

    • Large 9‑unit apartment building with a unit mix of (2) 1BR, (1) 3BR, and (6) 4BR units
    • Many updates to units reported, including flooring, paint, and cabinets
    • 190 Bartlett St, Lewiston included in the sale (.11‑acre lot)
    • Built in 1925 with wood frame and vinyl siding construction
    • Public water and public sewer
    • Flat roof (rolled hot mop) and natural gas baseboard heating

    Overview

    This nine-unit high-rise apartment building includes two 1-bedroom units, one 3-bedroom unit, and six 4-bedroom units. The property has undergone many unit updates, including new flooring, fresh paint, and updated cabinets, reflecting a maintained interior package across the residences.

    The offering also includes 190 Bartlett St, Lewiston, described as a .11-acre lot, in addition to the primary address at 184 Bartlett Street, Lewiston. The property is listed under zoning DR.

    For buyers seeking a multifamily asset with multiple apartment configurations, this mix of unit sizes can support a range of tenant needs within one building. With documented interior updates such as flooring, paint, and cabinets, the units are positioned to require less near-term work than a property without recent refurbishment. The combined inclusion of the additional Bartlett St lot provides added real estate to evaluate as part of the overall acquisition.

    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 $183.9k $17.28
    − Vacancy −$2.6k −$0.24
    EGI $181.4k $17.04
    − OpEx −$81.6k −$7.67
    NOI $99.7k $9.37
    10,644 SF · lease $17.28/SF/yr · vacancy 1.40% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $1.42M
    $1.25M – $1.66M (±1% cap)
    NOI $99,744 @ 7.0% cap · market cap 8.35%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Warehouse
    $18.90M
    $16.54M – $22.06M (±1% cap)
    NOI $1,323,318 @ 7.0% cap · market cap 110.74%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lewiston
    County
    Androscoggin
    State
    Maine
    Longitude
    -70.209102
    Latitude
    44.094092

    FAQs

    What type of property is this?
    Apartment building - Updated nine-unit high-rise with a mix of 1-, 3-, and 4-bedroom layouts, offered for sale in Lewiston.
    Where is this apartment building located?
    The property is located at 184 Bartlett Street Lewiston, ME.
    What is the asking price?
    The asking price for this property is $1,195,000.
    What are key features of this property?
    This property features: Large 9‑unit apartment building with a unit mix of (2) 1BR, (1) 3BR, and (6) 4BR units; Many updates to units reported, including flooring, paint, and cabinets; 190 Bartlett St, Lewiston included in the sale (.11‑acre lot)
    More about this property
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