6-Unit Apartment
For Sale
$599,000
65 Howe Street, Lewiston, ME 04240
A multi-unit residential property with some off-street parking and DR zoning.
Property Size5,257 SF
Price / SF$113.94
Days on Market165
Property Features for 65 Howe Street
General Information
Standard status
Active
Size
5,257 SF
Property subtype
Multi Family Home
Zoning
DR
Additional Details
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$4,632
Building Details
Building Size
5,257 SF
Year Built
1901
Stories
3
Units
6
Listing Agency:
Hearth & Key Realty
(207) 241-2327
Listed By:
Elaine Pratte
(207) 344-8291
Source:
Amerorealty
Added: May 21
Changed: Oct 31
Last Checked: Oct 31 at 2:13PM
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 Hearth & Key Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The apartment building at 65 Howe Street contains 6 residential units within 5,257 square feet. Built in 1901, the property also has some off-street parking and is zoned DR.
The property is in Lewiston, Maine, near local amenities and commuter routes. Showings require at least 48 hours’ notice.
The property is in Lewiston, Maine, near local amenities and commuter routes. Showings require at least 48 hours’ notice.
Key Highlights
- 6 residential units
- 5,257 square feet
- Built in 1901
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,263
Cap Rate
8.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$985,260
$985.3K
Cap Rate 7%
$703,757
$703.8K
Cap Rate 9%
$547,367
$547.4K
Market Conditions
NOI Build-Up for 5,257 SF
Gross rent
$90.8K $17.28/SF
− Vacancy
−$1.3K −$0.24/SF
EGI
$89.6K $17.04/SF
− OpEx
−$40.3K −$7.67/SF
NOI
$49.3K $9.37/SF
Area
Androscoggin County, ME
Vacancy
1.40%
Lease Rate
$17.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$985,260
Cap Rate 7%
$703,757
Cap Rate 9%
$547,367
Alternative Uses
Best Use
Apartment 5plus
$703.8K
$615.8K – $821.1K
NOI $49,263 @ 7.0% cap · market cap 8.22%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$9.34M
$8.17M – $10.89M
NOI $653,578 @ 7.0% cap · market cap 109.11%
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
6
Residential units
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - A multi-unit residential property with some off-street parking and DR zoning.
Where is this apartment building located?
The property is located at 65 Howe Street Lewiston, ME.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 6 residential units; 5,257 square feet; Built in 1901
