Two-Unit Duplex with Separate
New
For Sale
$369,900
576 Sabattus Street, Lewiston, ME 04240
Two separately metered apartments offer distinct bedroom layouts and shared basement storage.
Property Size2,772 SF
Price / SF$133.44
Days on Market5
Property Features for 576 Sabattus Street
General Information
Standard status
Active
Size
2,772 SF
Property subtype
Multi-family
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Amenities
basement storage area
yard
Building Details
Year Built
1935
Listing Agency:
Berkshire Hathaway HomeServices Northeast Real Estate
Listed By:
Denis Dufour
(603) 866-2942
Source:
Profoundrealestate
Added: Oct 13
Changed: Oct 16
Last Checked: Oct 16 at 8:31AM
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 Berkshire Hathaway HomeServices Northeast Real Estate
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Investment Insights
Based on property information with market context.
Built in 1935, this duplex contains two apartments with separate electric meters. The first-floor unit has two bedrooms and one full bathroom; the second-floor unit has one bedroom and one full bathroom. Heat pumps serve both units, with electric baseboard heat also present. Residents can access basement storage from either apartment.
The property includes off-street parking and a yard. Its two-unit configuration and separate electrical metering provide a clear division between the apartments.
The property includes off-street parking and a yard. Its two-unit configuration and separate electrical metering provide a clear division between the apartments.
Key Highlights
- Two‑unit duplex built in 1935
- First‑floor apartment: two bedrooms and one full bathroom
- Second‑floor apartment: one bedroom and one full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,340
Cap Rate
7.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$546,800
$546.8K
Cap Rate 7%
$390,571
$390.6K
Cap Rate 9%
$303,778
$303.8K
Market Conditions
NOI Build-Up for 2,772 SF
Gross rent
$39.6K $14.28/SF
− Vacancy
−$526 −$0.19/SF
EGI
$39.1K $14.09/SF
− OpEx
−$11.7K −$4.23/SF
NOI
$27.3K $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%
$546,800
Cap Rate 7%
$390,571
Cap Rate 9%
$303,778
Alternative Uses
Best Use
Multifamily LT 5
$390.6K
$341.8K – $455.7K
NOI $27,340 @ 7.0% cap · market cap 7.39%
Second Best
Apartment 5plus
$371.1K
$324.7K – $432.9K
NOI $25,976 @ 7.0% cap · market cap 7.02%
Theoretical Best
Warehouse
$4.92M
$4.31M – $5.74M
NOI $344,630 @ 7.0% cap · market cap 93.17%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
360
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separately metered apartments offer distinct bedroom layouts and shared basement storage.
Where is this duplex located?
The property is located at 576 Sabattus Street Lewiston, ME.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: Two‑unit duplex built in 1935; First‑floor apartment: two bedrooms and one full bathroom; Second‑floor apartment: one bedroom and one full bathroom
