Duplex with One-Car
New
For Sale
$324,900
26 Laurier Street, Lewiston, ME 04240
Lewiston, ME
Property Size1,757 SF
Price / SF$184.92
Days on Market6
Property Features for 26 Laurier Street
General Information
Property type
Residential Multi Family
Property subtype
Single Family Attached
Bathrooms
2
Full bathrooms
2
Standard status
Active
Size
1,757 SF
Building Details
Year built
1938
Listing Agency:
Auburn, Maine · Better Homes and Gardens Real Estate
(207) 782-8311
Listed By:
Linda Davis
(207) 795-9644
Added: Sep 11
Last Checked: Sep 16 at 3:06AM
MLS# 1680299
Copyright © 2026 Better Homes and Gardens-The Masiello Group. 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 1,757-square-foot duplex, built in 1938, includes two residential units and a one-car garage on a corner lot. The first floor features an open kitchen and living arrangement, while hardwood flooring and retained original details add character throughout the property.
Recent property improvements include newer windows, an updated heating system, a newer roof, and vinyl siding designed for lower-maintenance ownership. Located in Lewiston, the property offers a two-family configuration suitable for an owner occupant or an investor seeking residential rental use.
Recent property improvements include newer windows, an updated heating system, a newer roof, and vinyl siding designed for lower-maintenance ownership. Located in Lewiston, the property offers a two-family configuration suitable for an owner occupant or an investor seeking residential rental use.
Key Highlights
- Two‑family duplex with 1,757 square feet
- One‑car garage on a corner lot
- First‑floor open kitchen and living area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,329
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.33%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$346,580
$346.6K
Cap Rate 7%
$247,557
$247.6K
Cap Rate 9%
$192,544
$192.5K
Market Conditions
NOI Build-Up for 1,757 SF
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.
Gross rent
$25.1K $14.28/SF
− Vacancy
−$334 −$0.19/SF
EGI
$24.8K $14.09/SF
− OpEx
−$7.4K −$4.23/SF
NOI
$17.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$346,580
Cap Rate 7%
$247,557
Cap Rate 9%
$192,544
Alternative Uses
Best Use
Multifamily LT 5
$247.6K
$216.6K – $288.8K
NOI $17,329 @ 7.0% cap · market cap 5.33%
Second Best
Apartment 5plus
$235.2K
$205.8K – $274.4K
NOI $16,465 @ 7.0% cap · market cap 5.07%
Theoretical Best
Warehouse
$3.12M
$2.73M – $3.64M
NOI $218,439 @ 7.0% cap · market cap 67.23%
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
246
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 - Two-family property with refreshed systems, hardwood flooring, and a corner-lot setting.
Where is this duplex located?
The property is located at 26 Laurier Street Lewiston, ME.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: Two‑family duplex with 1,757 square feet; One‑car garage on a corner lot; First‑floor open kitchen and living area
