19 Wood Street, Lewiston, ME 04240
45-unit apartment community with on-site parking, new elevator upgrades, and substantial unit renovations throughout.
- Added:
- Jun 18, 2026
- Days on Market:
- 10
- Last Refresh:
- Jun 24 at 4:51 am
Property Features for 19 Wood Street
General Information
- Standard status
- Active
- Size
- 57,632 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1902
Listing office F.O. Bailey Real Estate (207) 409-8339
Listing date Jun 18, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of F.O. Bailey Real Estate
HighLights
- 45‑unit apartment community in a brick landmark built in 1902
- Unit mix includes 4 studios, 26 one‑bedroom units, and 15 two‑bedroom units
- Capital improvements include new elevator system with updated controls, cab, and hydraulics
- Upper and lower roofs were replaced within the past several years
- 38 units have been substantially renovated with updated flooring, kitchens, bathrooms, appliances, and modern finishes
- Ample on‑site parking
Overview
The community is located just minutes from Bates College in Lewiston, offering convenient access to a major nearby employment and education hub.
This is a turnkey option for buyers seeking an income-producing apartment building with a defined unit mix and documented upgrades. With 38 units substantially renovated using updated flooring, kitchens, bathrooms, appliances, and other modern finishes, the property supports a consistent standard of interior presentation. Combined with the elevator and roof replacements, the improvements provide a more predictable foundation for ongoing operations and resident experience.
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 | $995.9k | $17.28 |
| − Vacancy | −$13.9k | −$0.24 |
| EGI | $981.9k | $17.04 |
| − OpEx | −$441.9k | −$7.67 |
| NOI | $540.1k | $9.37 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lewiston
- County
- Androscoggin
- State
- Maine
- Longitude
- -70.2104437
- Latitude
- 44.1005045
