53 Lowell Street, Lewiston, ME 04240
MULTI_FAMILY - Other - Lewiston, ME
- Added:
- Jun 11, 2026
- Days on Market:
- 1
- Last Refresh:
- Jun 11 at 11:06 pm
Property Features for 53 Lowell Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Downtown Development
- Bathrooms
- 7
- Rooms
- Bathroom 1, Basement, Bathroom 5, Bathroom 6, Bathroom 2, Bathroom 4, Bathroom 3, Bathroom 7
- Basement
- Partial, Walk-Out Access, Full, Finished
- Standard status
- Active
- Size
- 3,519 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3949
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Baseboard, Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1851
- Number of units
- 7
- Flooring type
- Carpet, Laminate
- Building materials
- Wood Frame, Wood Siding
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Jonathan Leahy (207) 939-8366
Listing office J T Leahy Real Estate 1 Westbrook Common Ste 1, Portland, ME (207) 939-8366
Listing date Jun 11, 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
- 7‑unit multi‑family building with all‑studio apartments
- Currently fully occupied
- Off‑street parking
- Natural gas heating with baseboard and hot water heating
- Public water and public sewer
- Built in 1851 with wood frame and wood siding; shingle roof
Overview
Located at 53 Lowell Street in Lewiston, Maine, the building sits in a quiet residential area. It is within walking distance of Central Maine Medical Center.
The unit mix and studio configuration can support tenants seeking compact living arrangements, and the proximity to a medical center may appeal to furnished or short-term rental demand. For investors and owner-operators, the fully occupied status and straightforward apartment layout can simplify near-term operations. Zoned Downtown Development, the property offers a consistent residential-income profile for buyers looking for a small multifamily asset.
Local Financial Insights For Apartment 5plus
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 | $60.8k | $17.28 |
| − Vacancy | −$851 | −$0.24 |
| EGI | $60.0k | $17.04 |
| − OpEx | −$27.0k | −$7.67 |
| NOI | $33.0k | $9.37 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lewiston
- County
- Androscoggin
- State
- Maine
- Longitude
- -70.215954
- Latitude
- 44.101296
