Duplex on
54 Pettingill Street, Lewiston, ME 04240
For Sale
$394,500
Two residential units offer a separate furnished living space and a substantial wooded lot.
Property Size2,067 SF
Lot Size4.56 Acres
Price / SF$190.86
Days on Market127
Property Features for 54 Pettingill Street
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Occupancy
Site & Location
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
1st Floor Bedroom
Bathtub
In-Law Floorplan
Shower
Storage
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Integrity Homes Real Estate Group, PC
(207) 576-9755
Listed By:
Doreen Gagne
(207) 423-4486
Source:
Amerorealty
Added: Jul 7
Changed: Nov 7
Last Checked: Nov 10 at 12:55PM
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 Integrity Homes Real Estate Group, PC
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Investment Insights
Based on property information with market context.
This 1928 duplex contains 2,067 square feet across two units: a three-bedroom, one-bath residence and a furnished one-bedroom, one-bath unit. The property spans 4.56 acres and is zoned NCA. The units are currently occupied. The city would approve an additional dwelling unit, according to the property information.
The Lewiston property is near Bates College, hospitals, shopping, I-95 and public transportation. The grounds include fruit trees, berry bushes and maple trees, along with a backyard and outdoor entertaining area.
The Lewiston property is near Bates College, hospitals, shopping, I-95 and public transportation. The grounds include fruit trees, berry bushes and maple trees, along with a backyard and outdoor entertaining area.
Key Highlights
- Two units: a three‑bedroom, one‑bath residence and a furnished one‑bedroom, one‑bath unit
- 4.56 acres with fruit trees, berry bushes and maple trees
- 2,067‑square‑foot building constructed in 1928
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,387
Cap Rate
5.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$407,740
$407.7K
Cap Rate 7%
$291,243
$291.2K
Cap Rate 9%
$226,522
$226.5K
Market Conditions
NOI Build-Up for 2,067 SF
Gross rent
$29.5K $14.28/SF
− Vacancy
−$393 −$0.19/SF
EGI
$29.1K $14.09/SF
− OpEx
−$8.7K −$4.23/SF
NOI
$20.4K $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%
$407,740
Cap Rate 7%
$291,243
Cap Rate 9%
$226,522
Alternative Uses
Best Use
Multifamily LT 5
$291.2K
$254.8K – $339.8K
NOI $20,387 @ 7.0% cap · market cap 5.17%
Second Best
Apartment 5plus
$276.7K
$242.1K – $322.8K
NOI $19,370 @ 7.0% cap · market cap 4.91%
Theoretical Best
Office A
$642.9K
$562.5K – $750.0K
NOI $45,001 @ 7.0% cap · market cap 11.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
451
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
$214,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Lewiston, ME
Properties on Market for Duplexes in Lewiston
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer a separate furnished living space and a substantial wooded lot.
Where is this duplex located?
The property is located at 54 Pettingill Street Lewiston, ME.
What is the asking price?
The asking price for this property is $394,500.
What are key features of this property?
This property features: Two units: a three‑bedroom, one‑bath residence and a furnished one‑bedroom, one‑bath unit; 4.56 acres with fruit trees, berry bushes and maple trees; 2,067‑square‑foot building constructed in 1928
