Tenant-Occupied Triplex with
For Sale
$389,900
209-213 Sabattus Street, Lewiston, ME 04240
Lewiston, ME
Property Size3,160 SF
Price / SF$123.39
Days on Market56
Property Features for 209-213 Sabattus Street
General Information
Property type
Residential Multi Family
Property subtype
Single Family Attached
Bathrooms
3
Full bathrooms
3
Elementary school district
Lewiston Public Schools
Middle school district
Lewiston Public Schools
High school district
Lewiston Public Schools
Standard status
Active
Size
3,160 SF
Building Details
Year built
1891
Listing Agency:
Auburn, Maine · Better Homes and Gardens Real Estate
(207) 782-8311
Listed By:
Mark Pilot
(207) 754-9299
Added: Aug 12
Changed: Oct 6
Last Checked: Oct 6 at 6:06AM
MLS# 1675865
Copyright © 2026 Better Homes and Gardens-The Masiello Group. 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 3,160-square-foot triplex contains three tenant-occupied apartments with spacious rooms throughout. Built in 1891, the property also includes a third-floor area that is currently unused. The space has direct access from the second-floor unit and includes multiple rooms that could expand that residence across multiple levels.
The property is located at 209-213 Sabattus Street in Lewiston, Maine. Site improvements include multiple paved driveways providing off-street parking and a detached garage. Its central Lewiston setting places the building near area amenities.
The property is located at 209-213 Sabattus Street in Lewiston, Maine. Site improvements include multiple paved driveways providing off-street parking and a detached garage. Its central Lewiston setting places the building near area amenities.
Key Highlights
- Three‑unit, tenant‑occupied triplex
- 3,160 square feet across the property
- Third floor currently unused with direct access from the second‑floor unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,167
Cap Rate
7.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$623,340
$623.3K
Cap Rate 7%
$445,243
$445.2K
Cap Rate 9%
$346,300
$346.3K
Market Conditions
NOI Build-Up for 3,160 SF
Gross rent
$45.1K $14.28/SF
− Vacancy
−$600 −$0.19/SF
EGI
$44.5K $14.09/SF
− OpEx
−$13.4K −$4.23/SF
NOI
$31.2K $9.86/SF
Area
Androscoggin County, ME
Vacancy
1.33%
Lease Rate
$14.28 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$623,340
Cap Rate 7%
$445,243
Cap Rate 9%
$346,300
Alternative Uses
Best Use
Multifamily LT 5
$445.2K
$389.6K – $519.5K
NOI $31,167 @ 7.0% cap · market cap 7.99%
Second Best
Apartment 5plus
$423.0K
$370.2K – $493.5K
NOI $29,612 @ 7.0% cap · market cap 7.59%
Theoretical Best
Warehouse
$5.61M
$4.91M – $6.55M
NOI $392,868 @ 7.0% cap · market cap 100.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,495
Businesses Nearby
Explore this area
Business Placement
Demographics for 04240, ME
37,121
Population
16,852
Households
2.2
Avg Household Size
38
Median Age
22%
College-Educated
90%
High-School Grad
34.1 sq mi
ZIP Area
1,089
Density / Sq Mi
$56,558
Median Household Income
$36,734
Median Earnings
$954
Median Rent
$214,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Tenant-occupied three-unit property with paved off-street parking and a detached garage.
Where is this triplex located?
The property is located at 209-213 Sabattus Street Lewiston, ME.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: Three‑unit, tenant‑occupied triplex; 3,160 square feet across the property; Third floor currently unused with direct access from the second‑floor unit
