3-Unit Apartment
New
For Sale
$400,000
34 Shawmut Street, Lewiston, ME 04240
Multi-Family, Lewiston, ME
Property Size3,168 SF
Lot Size0.11 Acres
Price / SF$126.26
Days on Market2
Property Features for 34 Shawmut Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
DR
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bathroom 2, Bathroom 1, Basement
Patio and Porch features
Deck
Pets allowed
No
Interior features
Bathtub, Storage
Lot features
Level, Intown, Near Public Transit
Standard status
Active
Size
3,168 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4700
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Baseboard
Water source
Public
Amenities
decks
storage
Building Details
Year built
1906
Floors in Building
3
Number of units
3
Flooring type
Linoleum
Building materials
Wood Frame, Vinyl Siding
Roof type
Flat
Additional Structures
Storage
Listing Agency:
Fontaine Family-The Real Estate Leader
(207) 784-3800
Listed By:
Charmaine Raby
(207) 577-1034
Added: Oct 5
Last Checked: Oct 6 at 8:06AM
MLS# 1683266
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.
Investment Insights
Based on property information with market context.
Built in 1906, this three-unit residential property contains 3,168 square feet across three apartments, each configured with three bedrooms and one bathroom. The 0.11-acre parcel is improved with vinyl siding, newer windows, decks, and storage. Interior features include linoleum flooring, and the building has natural gas baseboard heat. Public water and sewer serve the property; zoning is DR.
The property is in Lewiston, with public transportation, shopping, restaurants, schools, and employment opportunities in the surrounding area. The three apartments share the same bedroom and bathroom count.
The property is in Lewiston, with public transportation, shopping, restaurants, schools, and employment opportunities in the surrounding area. The three apartments share the same bedroom and bathroom count.
Key Highlights
- Three apartments, each with 3 bedrooms and 1 bathroom
- 3,168 square feet of building area on a 0.11‑acre lot
- Built in 1906; vinyl siding and newer windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,246
Cap Rate
7.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$624,920
$624.9K
Cap Rate 7%
$446,371
$446.4K
Cap Rate 9%
$347,178
$347.2K
Market Conditions
NOI Build-Up for 3,168 SF
Gross rent
$45.2K $14.28/SF
− Vacancy
−$602 −$0.19/SF
EGI
$44.6K $14.09/SF
− OpEx
−$13.4K −$4.23/SF
NOI
$31.2K $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%
$624,920
Cap Rate 7%
$446,371
Cap Rate 9%
$347,178
Alternative Uses
Best Use
Multifamily LT 5
$446.4K
$390.6K – $520.8K
NOI $31,246 @ 7.0% cap · market cap 7.81%
Second Best
Apartment 5plus
$424.1K
$371.1K – $494.8K
NOI $29,687 @ 7.0% cap · market cap 7.42%
Theoretical Best
Warehouse
$5.63M
$4.92M – $6.56M
NOI $393,862 @ 7.0% cap · market cap 98.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three spacious apartments offer a consistent three-bedroom, one-bathroom layout, with storage and decks among the property’s features.
Where is this triplex located?
The property is located at 34 Shawmut Street Lewiston, ME.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Three apartments, each with 3 bedrooms and 1 bathroom; 3,168 square feet of building area on a 0.11‑acre lot; Built in 1906; vinyl siding and newer windows
