38 Jefferson Street, Lewiston, ME 04240
MULTI_FAMILY - Lewiston, ME
- Added:
- Jul 1, 2026
- Days on Market:
- 7
- Last Refresh:
- Jul 7 at 5:06 am
Property Features for 38 Jefferson Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- NCB
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1, Basement
- Parking features
- Off Street
- Patio and Porch features
- Patio, Deck, Porch
- Pets allowed
- No
- Interior features
- Attic
- Basement
- Full, Unfinished
- Standard status
- Active
- Size
- 2,181 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2852
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard, Hot Water(Heating), Natural Gas
- Water source
- Public
Building Details
- Year built
- 1891
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Vinyl, Wood
- Building materials
- Wood Frame, Aluminum Siding
- Roof type
- Shingle
- Additional Structures
- Outbuilding
Listing agent Stephen Kenney (207) 754-8340
Listing office EXP Realty 41 Hutchins Drive Building 3, Rangeley, ME (888) 439-8743
Listing date Jul 1, 2026
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.
HighLights
- Two‑unit property built in 1891 on a double lot
- Fresh updates include new paint and new flooring throughout
- Natural gas heating plus hot water heating
- Exterior features include a brand new rear deck, covered patio, storage shed, and garage
- Parking includes two separate parking areas and plenty of off‑street spaces
- Public utilities: public water and public sewer; roof type is shingle
Overview
With two separate parking areas, off-street parking is well accommodated. The property is located at 38 Jefferson Street in Lewiston, Maine. Zoning is listed as NCB, and the listing notes early conversations with the City about the possibility of an ADU on the side lot; no formal approvals are indicated, so buyers should confirm directly with the City regarding feasibility.
For buyers seeking a straightforward residential income setup or a live-in option with rental potential, this property offers two generously sized units, recent interior updates, and practical add-ons for day-to-day use and storage. The potential for an additional ADU, subject to city confirmation, may also be relevant for buyers looking to expand the property’s utility within the constraints of the local approval process.
Local 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 | $31.1k | $14.28 |
| − Vacancy | −$414 | −$0.19 |
| EGI | $30.7k | $14.09 |
| − OpEx | −$9.2k | −$4.23 |
| NOI | $21.5k | $9.86 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lewiston
- County
- Androscoggin
- State
- Maine
- Longitude
- -70.206103
- Latitude
- 44.099316
