2-Unit Duplex with
28 Eaton Street, Lewiston, ME 04240
For Sale
$349,900
The apartments have three-bedroom and two-bedroom layouts, each with additional entry storage and laundry space.
Property Size1,707 SF
Price / SF$204.98
Days on Market133
Property Features for 28 Eaton Street
General Information
Standard status
Size
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Additional Details
Road Access
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
backyard space
laundry in units
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Androvise Realty
(207) 333-6020
Listed By:
Daniel Coleman
(207) 212-8771
Source:
Integrityhomesrealestategroup
Added: Jul 2
Changed: Nov 11
Last Checked: Nov 11 at 2:09AM
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 Androvise Realty
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Investment Insights
Based on property information with market context.
This 1,707-square-foot duplex, built in 1900, contains two apartments: a three-bedroom unit on the first floor and a two-bedroom unit above. Both have extra storage at the entry and laundry space. Laundry equipment in the first-floor unit belongs to the tenant and will not convey. The property also has a one-car garage, paved off-street parking, and backyard space. Zoning is nca.
The property is on Eaton Street in Lewiston, near Bourque's Market and Hannaford.
The property is on Eaton Street in Lewiston, near Bourque's Market and Hannaford.
Key Highlights
- Two apartments: one three‑bedroom unit and one two‑bedroom unit
- 1,707 square feet; built in 1900
- Each unit has entry storage and laundry space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,836
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$336,720
$336.7K
Cap Rate 7%
$240,514
$240.5K
Cap Rate 9%
$187,067
$187.1K
Market Conditions
NOI Build-Up for 1,707 SF
Gross rent
$24.4K $14.28/SF
− Vacancy
−$324 −$0.19/SF
EGI
$24.1K $14.09/SF
− OpEx
−$7.2K −$4.23/SF
NOI
$16.8K $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%
$336,720
Cap Rate 7%
$240,514
Cap Rate 9%
$187,067
Alternative Uses
Best Use
Multifamily LT 5
$240.5K
$210.5K – $280.6K
NOI $16,836 @ 7.0% cap · market cap 4.81%
Second Best
Apartment 5plus
$228.5K
$200.0K – $266.6K
NOI $15,996 @ 7.0% cap · market cap 4.57%
Theoretical Best
Office A
$530.9K
$464.5K – $619.4K
NOI $37,163 @ 7.0% cap · market cap 10.62%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
211
Businesses Nearby
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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
$214,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Lewiston, ME
Properties on Market for Duplexes in Lewiston
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The apartments have three-bedroom and two-bedroom layouts, each with additional entry storage and laundry space.
Where is this duplex located?
The property is located at 28 Eaton Street Lewiston, ME.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Two apartments: one three‑bedroom unit and one two‑bedroom unit; 1,707 square feet; built in 1900; Each unit has entry storage and laundry space
