6-Unit Apartment
For Sale
$575,000
25 Howe Street, Lewiston, ME 04240
Multi-Family, Lewiston, ME
Property Size5,436 SF
Lot Size0.11 Acres
Price / SF$105.78
Days on Market38
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 6, Bathroom 1, Bathroom 3, Bathroom 2, Bathroom 5
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
Hot Water(Heating), Other (Heating), Natural Gas
Water source
Public
Building Details
Year built
1906
Floors in Building
3
Number of units
6
Flooring type
Laminate, Carpet, Wood, Vinyl
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: Sep 21
Changed: Oct 27
Last Checked: Oct 28 at 7:06AM
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.
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Investment Insights
Based on property information with market context.
This 5,436-square-foot apartment property contains six residential units on a 0.11-acre parcel. Built in 1906, the wood-frame structure has vinyl siding, a porch, and off-street parking. Interior finishes include laminate, carpet, wood, and vinyl flooring; heating includes natural gas and hot water. The property is served by public water and sewer and is zoned NCB.
The Lewiston property is described as close to downtown, hospitals, shopping, restaurants, schools, and public transportation.
The Lewiston property is described as close to downtown, hospitals, shopping, restaurants, schools, and public transportation.
Key Highlights
- Six residential units in a 5,436‑square‑foot building
- Built in 1906 on a 0.11‑acre parcel
- NCB zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,940
Cap Rate
8.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,018,800
$1.0M
Cap Rate 7%
$727,714
$727.7K
Cap Rate 9%
$566,000
$566.0K
Market Conditions
NOI Build-Up for 5,436 SF
Gross rent
$93.9K $17.28/SF
− Vacancy
−$1.3K −$0.24/SF
EGI
$92.6K $17.04/SF
− OpEx
−$41.7K −$7.67/SF
NOI
$50.9K $9.37/SF
Area
Androscoggin County, ME
Vacancy
1.40%
Lease Rate
$17.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,018,800
Cap Rate 7%
$727,714
Cap Rate 9%
$566,000
Alternative Uses
Best Use
Apartment 5plus
$727.7K
$636.8K – $849.0K
NOI $50,940 @ 7.0% cap · market cap 8.86%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$9.65M
$8.45M – $11.26M
NOI $675,832 @ 7.0% cap · market cap 117.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Six residential layouts are served by off-street parking in an in-town Lewiston setting.
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 $575,000.
What are key features of this property?
This property features: Six residential units in a 5,436‑square‑foot building; Built in 1906 on a 0.11‑acre parcel; NCB zoning
