Two-Unit Duplex with Enclosed
New
For Sale
$279,000
246 Lincoln Street, Lewiston, ME 04240
Multi-Family, Lewiston, ME
Property Size1,852 SF
Lot Size0.17 Acres
Price / SF$150.65
Days on Market2
Property Features for 246 Lincoln Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MFU
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Basement, Bathroom 1
Patio and Porch features
Deck, Porch
Pets allowed
No
Interior features
1st Floor Bedroom, Shower
Fencing
Fenced
Basement
Full, Dirt Floor
Lot features
Open, Level, Sidewalks, Intown, Near Turnpike/ Interstate
Standard status
Active
Size
1,852 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2318
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Oil
Water source
Public
Amenities
decks
enclosed porch
fenced-in yard
Building Details
Year built
1830
Floors in Building
2
Number of units
2
Flooring type
Carpet, Laminate, Vinyl
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
Fontaine Family-The Real Estate Leader
(207) 784-3800
Listed By:
Stephen Miller
(207) 212-8634
Added: Oct 5
Last Checked: Oct 6 at 11:06AM
MLS# 1683188
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 duplex contains two units in an 1,852-square-foot building on a 0.17-acre double lot. Updates include newer windows, flooring, a bathroom, and decks; the property also has an enclosed rear porch and a fenced yard. Interior features include a first-floor bedroom and basement. The building dates to 1830 and has wood-frame construction with vinyl siding, forced-air oil heat, and public water and sewer.
At 246 Lincoln Street in Lewiston, the property is near shopping, theaters, restaurants, hospitals, and local festivals. The zoning designation is MFU.
At 246 Lincoln Street in Lewiston, the property is near shopping, theaters, restaurants, hospitals, and local festivals. The zoning designation is MFU.
Key Highlights
- Two‑unit residential property with 1,852 square feet
- 0.17‑acre double lot with fenced yard
- Newer windows, updated flooring and bathroom, and newer 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.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,408
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?
Duplex - Newer windows, flooring, bathroom finishes, and decks are among the property’s documented updates.
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 residential property with 1,852 square feet; 0.17‑acre double lot with fenced yard; Newer windows, updated flooring and bathroom, and newer decks
