38 Jefferson Street, Lewiston, ME 04240
MULTI_FAMILY - Lewiston, ME
- Added:
- Jun 8, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 10 at 12:06 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
- Unfinished, Full
- 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
- Natural Gas, Baseboard, Hot Water(Heating)
- 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 Jun 8, 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 with wood‑frame construction and aluminum siding
- Fresh updates include new paint and new flooring, plus attic and third‑floor bonus storage area
- Natural gas heating with baseboard and hot water heating; public water and public sewer
- Roof is shingle; interior flooring includes vinyl and wood
- Outdoor features include a rear deck, covered patio, porch, storage shed, and garage
- Double lot with two separate parking areas and off‑street parking; second lot buildability to be confirmed with the city
Overview
The duplex sits on a double lot, which may provide flexibility beyond the current improvements. Prospective buyers are encouraged to check with the city regarding whether the second lot is buildable.
With two separate units, the property can fit buyers seeking either an investment setup or an owner-occupant arrangement. On-site parking is supported by two separate parking areas with plenty of off-street spaces, and the additional storage helps accommodate tenant and household needs. Zoning is listed as NCB, and any future options related to the second lot should be confirmed with the city before planning.
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
