Three-Unit Multifamily
For Sale
$475,000
65 Jefferson Street, Lewiston, ME 04240
Multi-Family, Lewiston, ME
Property Size4,521 SF
Lot Size0.11 Acres
Price / SF$105.07
Days on Market74
Property Features for 65 Jefferson Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
NCA
Bathrooms
3
Full bathrooms
3
Rooms
Basement, Bathroom 1, Bathroom 2, Bathroom 3
Patio and Porch features
Porch
Basement
Full, Unfinished
Lot features
Open, Level, Sidewalks, Intown, Near Shopping, Neighborhood
Standard status
Active
Size
4,521 SF
Lot size
0.11 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3865
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Natural Gas
Water source
Public
Building Details
Year built
1924
Floors in Building
3
Number of units
3
Flooring type
Carpet, Tile - Ceramic, Wood
Building materials
Wood Frame, Asbestos
Roof type
Flat, Membrane
Listing Agency:
Fontaine Family-The Real Estate Leader
Listed By:
Clayton Larochelle
(207) 784-3800
Added: Aug 21
Changed: Oct 27
Last Checked: Nov 2 at 9:06AM
MLS# 1677223
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 4,521-square-foot triplex at 65 Jefferson Street contains three three-bedroom units, each with a full bathroom, kitchen, dining room, living room, rear porch, shed, and washer/dryer hookups. The 1924 wood-frame building includes a one-car garage, small backyard, flat membrane roof, and a newer natural-gas baseboard boiler. Interior finishes include carpet, ceramic tile, and wood flooring.
Two of the three apartments are currently vacant. The property is served by public water and public sewer and carries NCA zoning. Located in Lewiston, Maine, the site encompasses 0.11 acres and is identified as 65 Jefferson Street, Lewiston, ME 04240.
Two of the three apartments are currently vacant. The property is served by public water and public sewer and carries NCA zoning. Located in Lewiston, Maine, the site encompasses 0.11 acres and is identified as 65 Jefferson Street, Lewiston, ME 04240.
Key Highlights
- Three 3‑bedroom units, each with a full bath, kitchen, dining room, and living room
- 4,521 square feet on a 0.11‑acre lot
- Two of the 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.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,224
Businesses Nearby
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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?
Triplex - Each unit offers three bedrooms, a full bath, kitchen, dining and living rooms, plus washer/dryer hookups.
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 feet on a 0.11‑acre lot; Two of the three units currently vacant
