Spacious Home with Income
533 Webster Street, Lewiston, ME 04240
New
MULTI_FAMILY - Other - Lewiston, ME
Property size:
2,658 SFLot size:
0.49 AcresPrice / SF:
$174/SF- Added:
- Jun 1, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 2 at 1:06 am
Property Features for 533 Webster Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- NCA
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bathroom 3, Basement, Bathroom 1
- Patio and Porch features
- Deck, Porch
- Pets allowed
- No
- Interior features
- Other Amenities, 1st Floor Bedroom, Shower, Storage, Primary Bedroom w/Bath
- Basement
- Unfinished, Full
- Standard status
- Active
- Size
- 2,658 SF
- Lot size
- 0.49 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4360
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard, Oil, Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1867
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Vinyl, Hardwood, Wood, Carpet
- Building materials
- Wood Frame, Other Exterior
- Roof type
- Shingle
- Architectural style
- Other
- Additional Structures
- Storage, Other
Listing agent Faith Fontaine (207) 576-4179
Listing office Keller Williams Realty 243 Mount Auburn Ave, Portland, ME (207) 879-9800
Listing date Jun 1, 2026
MLS# 1664791
Listing URL
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
- Large 0.49‑acre lot featuring a fenced‑in backyard, deck, above‑ground pool, and garden beds.
- Spacious 5‑bedroom, 3‑bath home with 2,658 sq ft of living space.
- Potential for conversion to a two‑family residence for multigenerational living or rental income.
- Fully insulated barn suitable for entertaining, hobbies, storage, workshop, or home business.
- Convenient location near turnpike, shopping, restaurants, and Bates College.
- Recent updates include new windows and PEX plumbing in basement and two bathrooms.
Overview
This spacious home, offering 2,658 square feet of living space on a 0.49-acre lot, presents endless possibilities. Currently used as a single-family residence with 5 bedrooms and 3 bathrooms, the property is listed with the city as a two-family and can be easily converted back by reinstalling two interior doors, creating excellent potential for multigenerational living or rental income. The property is conveniently located just outside the city, with easy access to the turnpike, shopping, restaurants, Bates College, and many other local amenities. The fenced-in backyard is designed for both relaxation and recreation, featuring a deck, above-ground pool, heated chicken coop, raised garden beds, and plenty of outdoor space. A standout feature is the fully insulated barn, offering opportunities for entertaining, hobbies, storage, a workshop, home business, or creative space. Additional storage can be found above and below the barn, as well as beneath the garage. Recent updates include all new windows and PEX plumbing installed in the basement and two bathrooms. This unique property offers flexibility, functionality, and exceptional value.
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 | $45.9k | $17.28 |
| − Vacancy | −$643 | −$0.24 |
| EGI | $45.3k | $17.04 |
| − OpEx | −$20.4k | −$7.67 |
| NOI | $24.9k | $9.37 |
2,658 SF · lease $17.28/SF/yr · vacancy 1.40% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$355.8K
$311.4K – $415.1K
NOI $24,908 @ 7.0% cap · market cap 5.36%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$4.72M
$4.13M – $5.51M
NOI $330,457 @ 7.0% cap · market cap 71.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Location Insight
- Map
- Local Demand
- City
- Lewiston
- County
- Androscoggin
- State
- Maine
- Longitude
- -70.183134
- Latitude
- 44.088165
Nearby Similar for Sale
FAQs
What type of property is this?
Single family property - Large home on 0.49-acre lot, potential for rental income.
Where is this single family property located?
The property is located at 533 Webster Street Lewiston, ME.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Large 0.49‑acre lot featuring a fenced‑in backyard, deck, above‑ground pool, and garden beds.; Spacious 5‑bedroom, 3‑bath home with 2,658 sq ft of living space.; Potential for conversion to a two‑family residence for multigenerational living or rental income.
