Duplex with Two-Car
New
For Sale
$365,000
343 Webster Street, Lewiston, ME 04240
Multi-Family, Lewiston, ME
Property Size2,240 SF
Lot Size0.43 Acres
Price / SF$162.95
Days on Market2
Property Features for 343 Webster Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
NCA
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Basement
Basement
Full
Lot features
Corner Lot, Level, Intown
Standard status
Active
Size
2,240 SF
Lot size
0.43 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3645
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Hot Water(Heating), Oil
Water source
Public
Building Details
Year built
1925
Floors in Building
2
Number of units
2
Flooring type
Carpet, Wood, Vinyl
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Cape Cod
Listing Agency:
Maine Real Estate Pros
(207) 200-8759
Listed By:
John Danforth
(207) 376-5351
Added: Oct 9
Last Checked: Oct 10 at 2:06PM
MLS# 1683849
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.
This Cape Cod duplex contains two residences, each with two bedrooms and additional mostly finished space. The 2,240-square-foot building was constructed in 1925 and has wood-frame construction with vinyl siding. Interior finishes include wood, carpet, and vinyl flooring. The property is served by public water and sewer and has NCA zoning.
A two-car garage provides indoor parking, while a shared driveway accommodates one vehicle per unit. The parcel measures 0.43 acres. The property may be vacant at the time of sale.
A two-car garage provides indoor parking, while a shared driveway accommodates one vehicle per unit. The parcel measures 0.43 acres. The property may be vacant at the time of sale.
Key Highlights
- Two‑unit duplex with two bedrooms in each unit
- 2,240 square feet; built in 1925
- 0.43‑acre parcel with NCA zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,093
Cap Rate
6.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$441,860
$441.9K
Cap Rate 7%
$315,614
$315.6K
Cap Rate 9%
$245,478
$245.5K
Market Conditions
NOI Build-Up for 2,240 SF
Gross rent
$32.0K $14.28/SF
− Vacancy
−$425 −$0.19/SF
EGI
$31.6K $14.09/SF
− OpEx
−$9.5K −$4.23/SF
NOI
$22.1K $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%
$441,860
Cap Rate 7%
$315,614
Cap Rate 9%
$245,478
Alternative Uses
Best Use
Multifamily LT 5
$315.6K
$276.2K – $368.2K
NOI $22,093 @ 7.0% cap · market cap 6.05%
Second Best
Apartment 5plus
$299.9K
$262.4K – $349.9K
NOI $20,991 @ 7.0% cap · market cap 5.75%
Theoretical Best
Warehouse
$3.98M
$3.48M – $4.64M
NOI $278,489 @ 7.0% cap · market cap 76.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
517
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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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms, bonus space, and access to off-street parking.
Where is this duplex located?
The property is located at 343 Webster Street Lewiston, ME.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Two‑unit duplex with two bedrooms in each unit; 2,240 square feet; built in 1925; 0.43‑acre parcel with NCA zoning
