Six-Unit Apartment
New
For Sale
$650,000
25 Howe Street, Lewiston, ME 04240
MULTI_FAMILY - Lewiston, ME
Property Size5,436 SF
Lot Size0.11 Acres
Price / SF$119.57
Days on Market5
Property Features for 25 Howe Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
NCB
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 4, Basement, Bathroom 3, Bathroom 2, Bathroom 6, Bathroom 5, Bathroom 1
Parking features
Off Street
Patio and Porch features
Porch
Pets allowed
No
Interior features
1st Floor Bedroom
Basement
Walk-Out Access, Full, Unfinished
Lot features
Open, Level, Sidewalks, Intown, Near Shopping, Neighborhood
Standard status
Active
Size
5,436 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5261
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Other (Heating), Hot Water(Heating)
Water source
Public
Building Details
Year built
1906
Floors in Building
3
Number of units
6
Flooring type
Carpet, Wood, Vinyl, Laminate
Building materials
Wood Frame, Vinyl Siding
Roof type
Flat, Membrane
Listing Agency:
Portside Real Estate Group
(207) 607-5965
Listed By:
Elisabeth Cardali
(207) 751-0656
Added: Jul 28
Changed: Aug 1
Last Checked: Aug 1 at 8:06PM
MLS# 1673772
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 offers separate unit layouts and includes a first-floor bedroom. The property is a wood-frame structure with vinyl siding and mixed flooring, including carpet, wood, vinyl, and laminate. Heating is provided by natural gas and other systems described as hot water. The roof is flat with membrane roofing. Tenants have access to a porch, and the property includes off-street parking.
The building is located at 25 Howe Street in Lewiston, Maine, on a 0.11-acre lot. Public water and public sewer service support the property, and it is zoned NCB. Interior features also include multiple bathrooms and a basement.
Built in 1906, the building reflects classic New England character while providing a straightforward multifamily configuration for ongoing residential rental use.
The building is located at 25 Howe Street in Lewiston, Maine, on a 0.11-acre lot. Public water and public sewer service support the property, and it is zoned NCB. Interior features also include multiple bathrooms and a basement.
Built in 1906, the building reflects classic New England character while providing a straightforward multifamily configuration for ongoing residential rental use.
Key Highlights
- Six residential units
- 0.11‑acre lot with 5,436 SF
- Zoned NCB
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $93.9k | $17.28 |
| − Vacancy | −$1.3k | −$0.24 |
| EGI | $92.6k | $17.04 |
| − OpEx | −$41.7k | −$7.67 |
| NOI | $50.9k | $9.37 |
5,436 SF · lease $17.28/SF/yr · vacancy 1.40% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$727.7K
$636.8K – $849.0K
NOI $50,940 @ 7.0% cap · market cap 7.84%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$9.65M
$8.45M – $11.26M
NOI $675,832 @ 7.0% cap · market cap 103.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
2,273
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Six-unit apartment building on public water and sewer with off-street parking and NCB zoning.
Where is this apartment building located?
The property is located at 25 Howe 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 residential units; 0.11‑acre lot with 5,436 SF; Zoned NCB
