Duplex with Detached
For Sale
$325,000
46 Shawmut Street, Lewiston, ME 04240
Both residences include three bedrooms, one bathroom, and in-unit laundry.
Property Size2,604 SF
Price / SF$124.81
Days on Market8
Property Features for 46 Shawmut Street
General Information
Standard status
Active
Size
2,604 SF
Property subtype
Multi-family
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Amenities
in-unit laundry
Other
Building Details
Year Built
1906
Listing Agency:
Fontaine Family-The Real Estate Leader
Listed By:
Charmaine Raby
(207) 577-1034
Source:
Brendafontaine
Added: Oct 3
Changed: Oct 10
Last Checked: Oct 10 at 1:46AM
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 Fontaine Family-The Real Estate Leader
Investment Insights
Based on property information with market context.
This two-unit duplex contains 2,604 square feet and was built in 1906. Each residence has three bedrooms, one bathroom, and its own laundry. A detached garage is also part of the property.
The property is in Lewiston, with public transportation, shopping, restaurants, schools, and everyday services identified in the surrounding area. The available visual tour and photographs depict only one of the two units.
The property is in Lewiston, with public transportation, shopping, restaurants, schools, and everyday services identified in the surrounding area. The available visual tour and photographs depict only one of the two units.
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 include 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
