Two-Unit Duplex
34 Pettingill Street Lewiston, ME 04240
For Sale
$200,000
Pending
Well-maintained two-family home with three bedrooms in each unit and convenient access to I-95.
Property Size1,564 SF
Days on Market123
Property Features for 34 Pettingill Street
General Information
- Standard status
- Pending
- Size
- 1,564 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1902
Listing Agency:
Fontaine Family-The Real Estate Leader
(207) 576-6523
Listed By:
Billy Bergeron
(207) 576-6523
Source:
Compass
Added: Mar 24
Changed: Jul 23
Last Checked: Jul 23 at 9:14AM
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 Fontaine Family-The Real Estate Leader
Investment Insights
Based on property information with market context.
This well-maintained two-family residence is designed to offer practical living space and flexible day-to-day convenience. The property features two units, and each unit includes three bedrooms, with bright living areas and functional kitchens to support everyday routines.
Outside living space is available for enjoying fresh air. The home is positioned for convenience to local shops, dining, and essential services, and commuting is supported by quick access to I-95.
Ideal for buyers seeking a residential income configuration with distinct three-bedroom layouts in each unit, the property offers a straightforward, comfortable setup for occupancy or rental use.
Outside living space is available for enjoying fresh air. The home is positioned for convenience to local shops, dining, and essential services, and commuting is supported by quick access to I-95.
Ideal for buyers seeking a residential income configuration with distinct three-bedroom layouts in each unit, the property offers a straightforward, comfortable setup for occupancy or rental use.
Key Highlights
- Two‑family residence with 3 bedrooms in each unit
- Full unfinished interior basement with concrete perimeter and brick/mortar foundation
- Heating: hot water and baseboard; no central cooling (cooling listed as none)
Financial Insights For Multifamily LT 5
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 | $22.3k | $14.28 |
| − Vacancy | −$297 | −$0.19 |
| EGI | $22.0k | $14.09 |
| − OpEx | −$6.6k | −$4.23 |
| NOI | $15.4k | $9.86 |
1,564 SF · lease $14.28/SF/yr · vacancy 1.33% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$220.4K
$192.8K – $257.1K
NOI $15,426 @ 7.0% cap · market cap 7.71%
Second Best
Apartment 5plus
$209.4K
$183.2K – $244.3K
NOI $14,656 @ 7.0% cap · market cap 7.33%
Theoretical Best
Warehouse
$2.78M
$2.43M – $3.24M
NOI $194,445 @ 7.0% cap · market cap 97.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Well-maintained two-family home with three bedrooms in each unit and convenient access to I-95.
Where is this duplex located?
The property is located at 34 Pettingill Street Lewiston, ME.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Two‑family residence with 3 bedrooms in each unit; Full unfinished interior basement with concrete perimeter and brick/mortar foundation; Heating: hot water and baseboard; no central cooling (cooling listed as none)
