Three-Unit Multifamily
For Sale
$475,000
65 Jefferson Street, Lewiston, ME 04240
Spacious three-unit property with full baths, kitchens, rear porches, storage sheds, and washer/dryer hookups in each residence.
Property Size4,521 SF
Price / SF$105.07
Days on Market62
Property Features for 65 Jefferson Street
General Information
Standard status
Active
Size
4,521 SF
Property subtype
Multi-family
Lease Term
[]
Building Details
Year Built
1924
Listing Agency:
Fontaine Family-The Real Estate Leader
Listed By:
Clayton Larochelle
(207) 784-3800
Source:
Cbplourde
Added: Aug 10
Changed: Oct 10
Last Checked: Oct 10 at 1:33AM
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 Fontaine Family-The Real Estate Leader
Investment Insights
Based on property information with market context.
Built in 1924, this 4,521-square-foot triplex contains three 3-bedroom residences, each arranged with a full bath, kitchen, dining room, living room, rear porch, storage shed, and washer/dryer hookups. A newer natural gas boiler serves the property, which also includes a one-car garage and a small backyard.
Two of the three units are currently vacant, while the property has remained with the same family since 1971. Located at 65 Jefferson St in Lewiston, Maine, the building offers a residential income configuration with multiple separate living spaces and shared exterior improvements.
Two of the three units are currently vacant, while the property has remained with the same family since 1971. Located at 65 Jefferson St in Lewiston, Maine, the building offers a residential income configuration with multiple separate living spaces and shared exterior improvements.
Key Highlights
- Three 3‑bedroom units, each with a full bath, kitchen, dining room, and living room
- 4,521‑square‑foot multifamily property built in 1924
- Two of three units currently vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,366
Cap Rate
8.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$847,320
$847.3K
Cap Rate 7%
$605,229
$605.2K
Cap Rate 9%
$470,733
$470.7K
Market Conditions
NOI Build-Up for 4,521 SF
Gross rent
$78.1K $17.28/SF
− Vacancy
−$1.1K −$0.24/SF
EGI
$77.0K $17.04/SF
− OpEx
−$34.7K −$7.67/SF
NOI
$42.4K $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%
$847,320
Cap Rate 7%
$605,229
Cap Rate 9%
$470,733
Alternative Uses
Best Use
Multifamily LT 5
$637.0K
$557.4K – $743.2K
NOI $44,591 @ 7.0% cap · market cap 9.39%
Second Best
Apartment 5plus
$605.2K
$529.6K – $706.1K
NOI $42,366 @ 7.0% cap · market cap 8.92%
Theoretical Best
Warehouse
$8.03M
$7.03M – $9.37M
NOI $562,074 @ 7.0% cap · market cap 118.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,224
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Spacious three-unit property with full baths, kitchens, rear porches, storage sheds, and washer/dryer hookups in each residence.
Where is this triplex located?
The property is located at 65 Jefferson Street Lewiston, ME.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Three 3‑bedroom units, each with a full bath, kitchen, dining room, and living room; 4,521‑square‑foot multifamily property built in 1924; Two of three units currently vacant
