Multi-Family Property in Desirable
5 Ralph Avenue Lewiston, ME 04240
5 Ralph Avenue, Lewiston, ME, 04240
$289,900
For Sale
$289,900
Multi-family property near shops, restaurants, and good schools.
Property Size1,136 SF
Price / SF$255.19
Days on Market127
Property Features for 5 Ralph Avenue
General Information
- Standard status
- Active
- Size
- 1,136 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1907
Listing Agency
Keller Williams Realty
(207) 500-0212
Listed by
Yanmei Ji
(207) 500-0212
Source
Compass
Added: Mar 13 Checked: Jul 16 at 7:50 am
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 multi-family property is located in a desirable neighborhood, offering proximity to shops and restaurants. The property is situated within one of the area's best school zones. With a size of 1136 square feet, this property presents an opportunity to live in one unit while renting out the other for additional income.
Key Highlights
- Multi‑family property ideal for owner‑occupancy with rental income potential.
- Prime location: steps from shops and restaurants.
- Located in a highly desirable neighborhood.
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 | $16.2k | $14.28 |
| − Vacancy | −$216 | −$0.19 |
| EGI | $16.0k | $14.09 |
| − OpEx | −$4.8k | −$4.23 |
| NOI | $11.2k | $9.86 |
1,136 SF · lease $14.28/SF/yr · vacancy 1.33% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$160.1K
$140.1K – $186.7K
NOI $11,204 @ 7.0% cap · market cap 3.86%
Second Best
Apartment 5plus
$152.1K
$133.1K – $177.4K
NOI $10,645 @ 7.0% cap · market cap 3.67%
Theoretical Best
Warehouse
$2.02M
$1.77M – $2.35M
NOI $141,233 @ 7.0% cap · market cap 48.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Multi-family property near shops, restaurants, and good schools.
Where is this duplex located?
The property is located at 5 Ralph Avenue Lewiston, ME.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: Multi‑family property ideal for owner‑occupancy with rental income potential.; **Prime location: steps from shops and restaurants.**; Located in a highly desirable neighborhood.
