Duplex With Two-Car
For Sale
$630,000
25 Dove Ln, Lewiston, ME 04240
A renovated primary residence is paired with a second unit featuring an open layout and first-floor laundry hookups.
Property Size3,899 SF
Lot Size0.38 Acres
Price / SF$161.58
Days on Market13
Property Features for 25 Dove Ln
General Information
Standard status
Active
Size
3,899 SF
Total Parking Spaces
2
Lot size
0.38 Acres
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,665
Building Details
Buildings
1
Construction
brick
Listing Agency:
Better Homes & Gardens Real Estate/The Masiello Group
(207) 782-8311
Listed By:
Gina Letourneau
(207) 795-9633
Source:
Exprealty
Added: Sep 24
Changed: Sep 30
Last Checked: Oct 5 at 7:50PM
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 Better Homes & Gardens Real Estate/The Masiello Group
Investment Insights
Based on property information with market context.
This duplex contains two residences, each with three bedrooms. The renovated unit has 1½ baths, a kitchen with leathered granite counters and stainless steel appliances, and a wood-floored living room with a wood-burning fireplace. Its primary bedroom, walk-in closet, and laundry are on the first floor; two additional bedrooms and a den occupy the second floor. The other unit has an open plan, an oak kitchen with appliances, wood flooring, and first-floor washer and dryer hookups.
The property occupies a landscaped 0.38-acre corner lot. Exterior and site features include vinyl replacement windows, a metal roof, a paved driveway, a two-car garage, and a storage shed. A boiler was installed in 2021.
The property occupies a landscaped 0.38-acre corner lot. Exterior and site features include vinyl replacement windows, a metal roof, a paved driveway, a two-car garage, and a storage shed. A boiler was installed in 2021.
Key Highlights
- Two separate residences, each with 3 bedrooms
- Renovated unit includes 1½ baths, leathered granite counters, stainless steel appliances, and a tile shower
- Second unit has an open floor plan, oak kitchen, and first‑floor washer and dryer hookups
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,456
Cap Rate
6.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$769,120
$769.1K
Cap Rate 7%
$549,371
$549.4K
Cap Rate 9%
$427,289
$427.3K
Market Conditions
NOI Build-Up for 3,899 SF
Gross rent
$55.7K $14.28/SF
− Vacancy
−$741 −$0.19/SF
EGI
$54.9K $14.09/SF
− OpEx
−$16.5K −$4.23/SF
NOI
$38.5K $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%
$769,120
Cap Rate 7%
$549,371
Cap Rate 9%
$427,289
Alternative Uses
Best Use
Multifamily LT 5
$549.4K
$480.7K – $640.9K
NOI $38,456 @ 7.0% cap · market cap 6.10%
Second Best
Apartment 5plus
$522.0K
$456.7K – $609.0K
NOI $36,537 @ 7.0% cap · market cap 5.80%
Theoretical Best
Warehouse
$6.92M
$6.06M – $8.08M
NOI $484,744 @ 7.0% cap · market cap 76.94%
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
1,495
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
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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 - A renovated primary residence is paired with a second unit featuring an open layout and first-floor laundry hookups.
Where is this duplex located?
The property is located at 25 Dove Ln Lewiston, ME.
What is the asking price?
The asking price for this property is $630,000.
What are key features of this property?
This property features: Two separate residences, each with 3 bedrooms; Renovated unit includes 1½ baths, leathered granite counters, stainless steel appliances, and a tile shower; Second unit has an open floor plan, oak kitchen, and first‑floor washer and dryer hookups
