Well-Maintained Three-Unit
For Sale
$469,000
56 Webster St, Lewiston, ME 04240
Three-unit multifamily featuring three 2-bedroom, 1-bath layouts suitable for long-term tenancy.
Property Size3,159 SF
Days on Market94
Property Features for 56 Webster St
General Information
Standard status
Active
Size
3,159 SF
Property subtype
Multifamily
Additional Details
Multifamily Units
3
Building Details
Building Size
3,159 SF
Year Built
1940
Listing Agency:
The Boulos Company
Listed By:
Derek Miller · License #918125
(207) 240-0032
Source:
Boulos
Added: Jul 23
Changed: Oct 6
Last Checked: Oct 23 at 4:51AM
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 The Boulos Company
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Investment Insights
Based on property information with market context.
Well-maintained three-unit multifamily property offering three separate 2-bedroom, 1-bath layouts. The building provides a consistent unit mix across all three units.
The property is located in the heart of Lewiston, Maine, and is described as suited for stable, long-term tenancy.
With three units total, the asset is designed for buyers seeking a straightforward residential income structure with similar floorplans.
The property is located in the heart of Lewiston, Maine, and is described as suited for stable, long-term tenancy.
With three units total, the asset is designed for buyers seeking a straightforward residential income structure with similar floorplans.
Key Highlights
- Well‑maintained three‑unit multifamily
- All units feature 2 bedrooms and 1 bathroom
- Three 2‑bedroom, 1‑bath layouts suitable for stable, long‑term tenancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,157
Cap Rate
6.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$623,140
$623.1K
Cap Rate 7%
$445,100
$445.1K
Cap Rate 9%
$346,189
$346.2K
Market Conditions
NOI Build-Up for 3,159 SF
Gross rent
$45.1K $14.28/SF
− Vacancy
−$600 −$0.19/SF
EGI
$44.5K $14.09/SF
− OpEx
−$13.4K −$4.23/SF
NOI
$31.2K $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%
$623,140
Cap Rate 7%
$445,100
Cap Rate 9%
$346,189
Alternative Uses
Best Use
Multifamily LT 5
$445.1K
$389.5K – $519.3K
NOI $31,157 @ 7.0% cap · market cap 6.64%
Second Best
Apartment 5plus
$422.9K
$370.0K – $493.4K
NOI $29,603 @ 7.0% cap · market cap 6.31%
Theoretical Best
Warehouse
$5.61M
$4.91M – $6.55M
NOI $392,743 @ 7.0% cap · market cap 83.74%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,495
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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit multifamily featuring three 2-bedroom, 1-bath layouts suitable for long-term tenancy.
Where is this triplex located?
The property is located at 56 Webster St Lewiston, ME.
What is the asking price?
The asking price for this property is $469,000.
What are key features of this property?
This property features: Well‑maintained three‑unit multifamily; All units feature 2 bedrooms and 1 bathroom; Three 2‑bedroom, 1‑bath layouts suitable for stable, long‑term tenancy
