Two-Unit Duplex with
23 Eaton Street, Lewiston, ME 04240
For Sale
$325,000
Each residence has its own porch, storage closet, and laundry connections.
Property Size1,680 SF
Price / SF$193.45
Days on Market205
Property Features for 23 Eaton Street
General Information
Standard status
Size
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
private porches
attached storage closets
separate laundry connections
Building Details
Building Size
Year Built
Units
Listing Agency:
Fontaine Family-The Real Estate Leader
(207) 784-3800
Listed By:
Theresa Campbell
(207) 576-4180
Source:
Integrityhomesrealestategroup
Added: Apr 21
Changed: Nov 11
Last Checked: Nov 11 at 2:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fontaine Family-The Real Estate Leader
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Investment Insights
Based on property information with market context.
This 1,680-square-foot duplex, built in 1930, contains two residences with matching two-bedroom, one-bathroom layouts. Each unit has a private porch, an attached storage closet, and separate laundry connections. A garage with two entry points provides additional storage, and two driveways offer off-street parking. The boiler was installed in 2020. The first-floor unit is vacant, and the property is zoned NCA.
At 23 Eaton Street in Lewiston, the property sits on a corner at the end of a dead-end street. Grocery stores, hiking trails, and a local bank are within walking distance.
At 23 Eaton Street in Lewiston, the property sits on a corner at the end of a dead-end street. Grocery stores, hiking trails, and a local bank are within walking distance.
Key Highlights
- Two units, each with two bedrooms and one full bathroom
- 1,680 square feet; built in 1930
- First‑floor residence is vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,570
Cap Rate
5.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$331,400
$331.4K
Cap Rate 7%
$236,714
$236.7K
Cap Rate 9%
$184,111
$184.1K
Market Conditions
NOI Build-Up for 1,680 SF
Gross rent
$24.0K $14.28/SF
− Vacancy
−$319 −$0.19/SF
EGI
$23.7K $14.09/SF
− OpEx
−$7.1K −$4.23/SF
NOI
$16.6K $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%
$331,400
Cap Rate 7%
$236,714
Cap Rate 9%
$184,111
Alternative Uses
Best Use
Multifamily LT 5
$236.7K
$207.1K – $276.2K
NOI $16,570 @ 7.0% cap · market cap 5.10%
Second Best
Apartment 5plus
$224.9K
$196.8K – $262.4K
NOI $15,743 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$522.5K
$457.2K – $609.6K
NOI $36,575 @ 7.0% cap · market cap 11.25%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
211
Businesses Nearby
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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
$214,200
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Lewiston, ME
Properties on Market for Duplexes in Lewiston
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has its own porch, storage closet, and laundry connections.
Where is this duplex located?
The property is located at 23 Eaton Street Lewiston, ME.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two units, each with two bedrooms and one full bathroom; 1,680 square feet; built in 1930; First‑floor residence is vacant
