Six-Unit Apartment
New
For Sale
$650,000
212 Park Street, Lewiston, ME 04240
Multi-Family, Lewiston, ME
Property Size5,692 SF
Lot Size0.11 Acres
Price / SF$114.20
Days on Market4
Property Features for 212 Park Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
DR
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 4, Bathroom 6, Bathroom 3, Basement, Bathroom 2, Bathroom 1, Bathroom 5
Parking features
On Street
Patio and Porch features
Deck
Pets allowed
No
Interior features
Bathtub, Shower
Basement
Unfinished
Lot features
Level, Sidewalks, Intown, Near Shopping, Near Public Transit
Standard status
Active
Size
5,692 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6320
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Baseboard
Water source
Public
Amenities
in-unit laundry
Building Details
Year built
1880
Floors in Building
3
Number of units
6
Flooring type
Linoleum
Building materials
Wood Frame, Vinyl Siding
Roof type
Flat, Membrane
Architectural style
High Rise
Listing Agency:
Fontaine Family-The Real Estate Leader
(207) 784-3800
Listed By:
Charmaine Raby
(207) 577-1034
Added: Oct 3
Last Checked: Oct 6 at 3:06AM
MLS# 1683086
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 six-unit apartment building contains three 2-bedroom apartments and three 3-bedroom apartments. Each unit has in-unit laundry. The 5,692-square-foot property sits on a 0.11-acre lot and was built in 1880. Vinyl siding and newer windows are among the exterior features, and the building has a deck. Heating is natural gas with baseboard distribution.
Located in Lewiston, the property is near shopping, restaurants, services, schools, major employers, medical facilities, and downtown. Public transportation is accessible, and parking is on street. The property is zoned DR.
Located in Lewiston, the property is near shopping, restaurants, services, schools, major employers, medical facilities, and downtown. Public transportation is accessible, and parking is on street. The property is zoned DR.
Key Highlights
- Six units: three 2‑bedroom apartments and three 3‑bedroom apartments
- In‑unit laundry in every apartment
- 5,692 square feet on a 0.11‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,339
Cap Rate
8.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,066,780
$1.1M
Cap Rate 7%
$761,986
$762.0K
Cap Rate 9%
$592,656
$592.7K
Market Conditions
NOI Build-Up for 5,692 SF
Gross rent
$98.4K $17.28/SF
− Vacancy
−$1.4K −$0.24/SF
EGI
$97.0K $17.04/SF
− OpEx
−$43.6K −$7.67/SF
NOI
$53.3K $9.37/SF
Area
Androscoggin County, ME
Vacancy
1.40%
Lease Rate
$17.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,066,780
Cap Rate 7%
$761,986
Cap Rate 9%
$592,656
Alternative Uses
Best Use
Apartment 5plus
$762.0K
$666.7K – $889.0K
NOI $53,339 @ 7.0% cap · market cap 8.21%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$10.11M
$8.85M – $11.79M
NOI $707,659 @ 7.0% cap · market cap 108.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
1,508
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Six apartments offer a mix of two- and three-bedroom layouts, with laundry in every unit.
Where is this apartment building located?
The property is located at 212 Park Street Lewiston, ME.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Six units: three 2‑bedroom apartments and three 3‑bedroom apartments; In‑unit laundry in every apartment; 5,692 square feet on a 0.11‑acre lot
