Duplex with Detached
New
For Sale
$325,000
46 Shawmut Street, Lewiston, ME 04240
Multi-Family, Lewiston, ME
Property Size2,604 SF
Lot Size0.11 Acres
Price / SF$124.81
Days on Market2
Property Features for 46 Shawmut Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
DR
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bathroom 2, Bathroom 1
Pets allowed
No
Lot features
Level, Intown, Near Public Transit
Standard status
Active
Size
2,604 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4044
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Baseboard
Water source
Public
Amenities
in-unit laundry
detached garage
Building Details
Year built
1906
Floors in Building
2
Number of units
2
Flooring type
Linoleum
Building materials
Wood Frame, Brick
Roof type
Flat
Listing Agency:
Fontaine Family-The Real Estate Leader
(207) 784-3800
Listed By:
Charmaine Raby
(207) 577-1034
Added: Oct 5
Last Checked: Oct 6 at 2:06PM
MLS# 1683241
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 2,604-square-foot duplex contains two residences, each configured with three bedrooms and one bathroom. Laundry is located within each unit, and a detached garage provides additional on-site storage or vehicle space. The 0.11-acre property was built in 1906 and has wood-frame and brick construction, linoleum flooring, a flat roof, natural gas baseboard heat, public water, and public sewer. Zoning is DR.
The property is in Lewiston, with public transportation, shopping, restaurants, schools, and everyday services accessible in town.
The property is in Lewiston, with public transportation, shopping, restaurants, schools, and everyday services accessible in town.
Key Highlights
- Two units, each with 3 bedrooms and 1 bathroom
- In‑unit laundry in both residences
- Detached garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,683
Cap Rate
7.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$513,660
$513.7K
Cap Rate 7%
$366,900
$366.9K
Cap Rate 9%
$285,367
$285.4K
Market Conditions
NOI Build-Up for 2,604 SF
Gross rent
$37.2K $14.28/SF
− Vacancy
−$495 −$0.19/SF
EGI
$36.7K $14.09/SF
− OpEx
−$11.0K −$4.23/SF
NOI
$25.7K $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%
$513,660
Cap Rate 7%
$366,900
Cap Rate 9%
$285,367
Alternative Uses
Best Use
Multifamily LT 5
$366.9K
$321.0K – $428.1K
NOI $25,683 @ 7.0% cap · market cap 7.90%
Second Best
Apartment 5plus
$348.6K
$305.0K – $406.7K
NOI $24,402 @ 7.0% cap · market cap 7.51%
Theoretical Best
Warehouse
$4.62M
$4.05M – $5.40M
NOI $323,743 @ 7.0% cap · market cap 99.61%
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
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?
Duplex - Both residences offer three bedrooms, one bathroom, and in-unit laundry.
Where is this duplex located?
The property is located at 46 Shawmut Street Lewiston, ME.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 1 bathroom; In‑unit laundry in both residences; Detached garage
