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Four-Unit Apartment Building
For Sale
$450,000

5 Cottage Street, Lewiston, ME 04240

Multifamily property with varied unit layouts, dedicated electrical service, and off-street parking.

Property Size4,990 SF
Price / SF$90.18
Days on Market113

Property Features for 5 Cottage Street

General Information

Standard status Active
Size 4,990 SF
Property subtype Multi-family
Lease Term []

Units

Unit Mix 3 x 2BR, 1 x 1BR
Multifamily Units 4

Building Details

Year Built 1940
Buildings 1
Listing Agency: Keller Williams Realty
Listed By: Bruce Kaplan
Source: Portsiderealestategroup
Added: May 10 Changed: Aug 28 Last Checked: Aug 29 at 10:25AM

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

Investment Insights

Based on property information with market context.

This four-unit multifamily building contains three two-bedroom apartments and one one-bedroom apartment within approximately 4,990 square feet. Constructed in 1940, the property provides dedicated electrical service for each unit and includes off-street parking for residents and guests.

The building is near downtown, shopping, restaurants, and local amenities. Its four-apartment configuration and documented rental history provide a clear residential income property profile.

Key Highlights

  • Four‑unit building with three 2‑bedroom units and one 1‑bedroom unit
  • Approximately 4,990 square feet of multifamily space
  • Dedicated electrical service for each unit

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Plumbing Service Florist Wine and Liquor Store Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

1,546
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Multifamily property with varied unit layouts, dedicated electrical service, and off-street parking.
Where is this quadplex located?
The property is located at 5 Cottage Street Lewiston, ME.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Four‑unit building with three 2‑bedroom units and one 1‑bedroom unit; Approximately 4,990 square feet of multifamily space; Dedicated electrical service for each unit
More about this property
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