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Three-Unit Multifamily Property
For Sale
$495,000

280 Pine Street, Lewiston, ME 04240

Fully occupied multifamily property with dedicated laundry and covered porches for each unit.

Property Size5,355 SF
Price / SF$92.44
Days on Market15

Property Features for 280 Pine Street

General Information

Standard status Active
Size 5,355 SF
Property subtype Multi-family
Occupancy 100%
Lease Term []

Property Condition

Severity Repairs Needed
Evidence does need some TLC

Units

Unit Mix 3 x 3-bedroom+
Multifamily Units 3

Amenities

dedicated laundry
covered porch
storage area

Building Details

Year Built 1922
Listing Agency: Maine Source Realty
Listed By: Dustin Mallar
Source: Portsiderealestategroup
Added: Sep 13 Changed: Sep 26 Last Checked: Sep 26 at 9:38AM

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 Maine Source Realty

Investment Insights

Based on property information with market context.

This 5,355-square-foot triplex, built in 1922, contains three fully occupied units with three bedrooms or more in each residence. Every unit includes dedicated laundry facilities and a covered porch. A separate maintenance and storage area with a bathroom adds functional support space for property operations.

The property is being offered in as-is condition and requires work, including vinyl siding repairs and remodeling. Its existing three-unit configuration and additional service area provide a defined starting point for an owner planning improvements.

Key Highlights

  • Three fully occupied units with 3 bedrooms+ each
  • 5,355 SF triplex built in 1922
  • Dedicated laundry provided for every unit

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Kitchen & Bath Showroom Electrical Service Plumbing Service Computer & Electronic Repair Garden Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

1,495
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Fully occupied multifamily property with dedicated laundry and covered porches for each unit.
Where is this triplex located?
The property is located at 280 Pine Street Lewiston, ME.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Three fully occupied units with 3 bedrooms+ each; 5,355 SF triplex built in 1922; Dedicated laundry provided for every unit
More about this property
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