Three-Unit Residential
For Sale
$400,000
34 Shawmut Street, Lewiston, ME 04240
Three spacious apartments are complemented by updated windows, decks, and storage.
Property Size3,168 SF
Price / SF$126.26
Days on Market8
Property Features for 34 Shawmut Street
General Information
Standard status
Active
Size
3,168 SF
Property subtype
Multi-family
Units
Unit Mix
3 x 3BR/1BA
Multifamily Units
3
Additional Details
Public Transit
Yes
Amenities
Other
Building Details
Year Built
1906
Listing Agency:
Fontaine Family-The Real Estate Leader
Listed By:
Charmaine Raby
(207) 577-1034
Source:
Brendafontaine
Added: Oct 3
Changed: Oct 10
Last Checked: Oct 10 at 12:49AM
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 residential triplex contains 3,168 square feet and three apartments, each with three bedrooms and one bathroom. Exterior features include vinyl siding, newer windows, decks, and storage. Images and a 3D tour represent one of the three units.
The property is in Lewiston, with access to public transportation, shopping, restaurants, schools, and employment opportunities. Other properties identified for sale include 46 Shawmut, 198 Park St, and 210/212 Park Street.
The property is in Lewiston, with access to public transportation, shopping, restaurants, schools, and employment opportunities. Other properties identified for sale include 46 Shawmut, 198 Park St, and 210/212 Park Street.
Key Highlights
- Three apartments, each with 3 bedrooms and 1 bathroom
- 3,168‑square‑foot property
- Vinyl siding, newer windows, decks, and storage
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
Check the figures for this property
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?
Triplex - Three spacious apartments are complemented by updated windows, decks, and storage.
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‑foot property; Vinyl siding, newer windows, decks, and storage
