Duplex with Fenced
For Sale
$279,000
246 Lincoln Street, Lewiston, ME 04240
Two separate units offer flexibility for owner occupancy alongside rental income.
Property Size1,852 SF
Price / SF$150.65
Days on Market18
Property Features for 246 Lincoln Street
General Information
Standard status
Active
Size
1,852 SF
Property subtype
Multi-family
Additional Details
Multifamily Units
2
Amenities
New Englander
Building Details
Year Built
1830
Listing Agency:
Fontaine Family - The Real Estate Leader
Listed By:
Stephen Miller
(207) 212-8634
Source:
Brendafontaine
Added: Sep 28
Changed: Oct 13
Last Checked: Oct 14 at 11:26PM
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
Investment Insights
Based on property information with market context.
This two-unit duplex contains 1,852 square feet and was built in 1830. Improvements include newer windows, updated flooring and a bathroom, newer decks, and an enclosed rear porch. The property also has a fenced yard spanning a double lot.
Shopping, theaters, restaurants, and hospitals are among the nearby amenities, along with local festivals.
Shopping, theaters, restaurants, and hospitals are among the nearby amenities, along with local festivals.
Key Highlights
- Two‑unit duplex with 1,852 square feet
- Built in 1830
- Newer windows and decks
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,266
Cap Rate
6.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$365,320
$365.3K
Cap Rate 7%
$260,943
$260.9K
Cap Rate 9%
$202,956
$203.0K
Market Conditions
NOI Build-Up for 1,852 SF
Gross rent
$26.4K $14.28/SF
− Vacancy
−$352 −$0.19/SF
EGI
$26.1K $14.09/SF
− OpEx
−$7.8K −$4.23/SF
NOI
$18.3K $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%
$365,320
Cap Rate 7%
$260,943
Cap Rate 9%
$202,956
Alternative Uses
Best Use
Multifamily LT 5
$260.9K
$228.3K – $304.4K
NOI $18,266 @ 7.0% cap · market cap 6.55%
Second Best
Apartment 5plus
$247.9K
$216.9K – $289.3K
NOI $17,355 @ 7.0% cap · market cap 6.22%
Theoretical Best
Warehouse
$3.29M
$2.88M – $3.84M
NOI $230,250 @ 7.0% cap · market cap 82.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,818
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?
Duplex - Two separate units offer flexibility for owner occupancy alongside rental income.
Where is this duplex located?
The property is located at 246 Lincoln Street Lewiston, ME.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,852 square feet; Built in 1830; Newer windows and decks
