Triplex with Three-Bedroom
New
For Sale
$465,000
61 Shawmut Street, Lewiston, ME 04240
Multi-Family, Lewiston, ME
Property Size4,086 SF
Lot Size0.11 Acres
Price / SF$113.80
Days on Market4
Property Features for 61 Shawmut Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
GA
Bathrooms
3
Full bathrooms
3
Rooms
Basement, Bathroom 3, Bathroom 1, Bathroom 2
Parking features
Off Street
Patio and Porch features
Deck
Interior features
Bathtub, Shower
Basement
Full, Unfinished
Lot features
Open, Level, Sidewalks, Intown, Near Shopping, Near Turnpike/ Interstate, Suburban
Standard status
Active
Size
4,086 SF
Lot size
0.11 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3576
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Hot Water(Heating), Baseboard
Water source
Public
Building Details
Year built
1896
Floors in Building
3
Number of units
3
Flooring type
Laminate, Wood, Carpet
Building materials
Wood Frame, Shingle Siding
Roof type
Flat
Architectural style
Other
Buildings
1
Listing Agency:
Keller Williams Realty
(207) 879-9800
Listed By:
Faith Fontaine
(207) 576-4179
Added: Nov 3
Last Checked: Nov 6 at 12:06PM
MLS# 1651600
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.
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Investment Insights
Based on property information with market context.
This 4,086-square-foot triplex in Lewiston contains two 3-bedroom apartments and one 2-bedroom apartment. One unit is rented, while the owner-occupied apartment is scheduled to be vacant at closing. The building dates to 1896 and has natural gas hot-water baseboard heat, a deck, and off-street parking. Public water and sewer serve the property, which occupies a 0.11-acre lot and is zoned GA.
At 61 Shawmut Street in downtown Lewiston, the property is near shopping, parks, restaurants, Bates College, and Central Maine Medical Center. Flooring includes laminate, wood, and carpet; the building has wood-frame construction and shingle siding.
At 61 Shawmut Street in downtown Lewiston, the property is near shopping, parks, restaurants, Bates College, and Central Maine Medical Center. Flooring includes laminate, wood, and carpet; the building has wood-frame construction and shingle siding.
Key Highlights
- Three apartments: two 3‑bedroom units and one 2‑bedroom unit
- 4,086 square feet on a 0.11‑acre lot
- One apartment is rented; the owner‑occupied unit will be vacant at closing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,300
Cap Rate
8.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$806,000
$806.0K
Cap Rate 7%
$575,714
$575.7K
Cap Rate 9%
$447,778
$447.8K
Market Conditions
NOI Build-Up for 4,086 SF
Gross rent
$58.3K $14.28/SF
− Vacancy
−$776 −$0.19/SF
EGI
$57.6K $14.09/SF
− OpEx
−$17.3K −$4.23/SF
NOI
$40.3K $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%
$806,000
Cap Rate 7%
$575,714
Cap Rate 9%
$447,778
Alternative Uses
Best Use
Multifamily LT 5
$575.7K
$503.8K – $671.7K
NOI $40,300 @ 7.0% cap · market cap 8.67%
Second Best
Apartment 5plus
$547.0K
$478.6K – $638.2K
NOI $38,290 @ 7.0% cap · market cap 8.23%
Theoretical Best
Warehouse
$7.26M
$6.35M – $8.47M
NOI $507,993 @ 7.0% cap · market cap 109.25%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,273
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 Triplexes in Androscoggin County, ME
Properties on Market for Triplexes in Androscoggin County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - The three-apartment configuration combines two larger layouts with a two-bedroom unit.
Where is this triplex located?
The property is located at 61 Shawmut 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: Three apartments: two 3‑bedroom units and one 2‑bedroom unit; 4,086 square feet on a 0.11‑acre lot; One apartment is rented; the owner‑occupied unit will be vacant at closing
