3-Unit Triplex with Detached
36 Nichols Street, Lewiston, ME 04240
For Sale
$469,000
Each residence has three to four bedrooms and one bathroom, with a detached garage on the property.
Property Size3,999 SF
Price / SF$117.28
Days on Market116
Property Features for 36 Nichols Street
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Keller Williams Realty
(207) 879-9800
Listed By:
Kevin Fletcher · License ME BA903663
(207) 754-9311
Source:
Amerorealty
Added: Jul 17
Changed: Nov 7
Last Checked: Nov 8 at 9:12PM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
This 1920-built triplex contains 3,999 square feet across three units. Each residence offers nearly 1,300 square feet of living space, with a three-to-four-bedroom, one-bathroom layout. A detached garage provides additional storage or parking space. The property is zoned NCB.
In Lewiston, the building is in a walkable area with downtown amenities, parks, and schools accessible nearby.
In Lewiston, the building is in a walkable area with downtown amenities, parks, and schools accessible nearby.
Key Highlights
- Three‑unit residential building with 3,999 square feet
- Nearly 1,300 SF per unit
- Each unit has 3‑4 bedrooms and 1‑bathroom layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,442
Cap Rate
8.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$788,840
$788.8K
Cap Rate 7%
$563,457
$563.5K
Cap Rate 9%
$438,244
$438.2K
Market Conditions
NOI Build-Up for 3,999 SF
Gross rent
$57.1K $14.28/SF
− Vacancy
−$760 −$0.19/SF
EGI
$56.3K $14.09/SF
− OpEx
−$16.9K −$4.23/SF
NOI
$39.4K $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%
$788,840
Cap Rate 7%
$563,457
Cap Rate 9%
$438,244
Alternative Uses
Best Use
Multifamily LT 5
$563.5K
$493.0K – $657.4K
NOI $39,442 @ 7.0% cap · market cap 8.41%
Second Best
Apartment 5plus
$535.3K
$468.4K – $624.6K
NOI $37,474 @ 7.0% cap · market cap 7.99%
Theoretical Best
Office A
$1.24M
$1.09M – $1.45M
NOI $87,063 @ 7.0% cap · market cap 18.56%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,245
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
$214,200
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Androscoggin County, ME
Properties on Market for Triplexes in Androscoggin County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Each residence has three to four bedrooms and one bathroom, with a detached garage on the property.
Where is this triplex located?
The property is located at 36 Nichols Street Lewiston, ME.
What is the asking price?
The asking price for this property is $469,000.
What are key features of this property?
This property features: Three‑unit residential building with 3,999 square feet; Nearly 1,300 SF per unit; Each unit has 3‑4 bedrooms and 1‑bathroom layout
