Renovated Two-Unit
7 & 9 Orange Street, Lewiston, ME 04240
For Sale
New
$425,000
Multi-Family, Lewiston, ME
Property Size2,985 SF
Lot Size0.48 Acres
Price / SF$142.38
Days on Market1
Property Features for 7 & 9 Orange Street
General Information
Property type
Property subtype
Zoning
Bathrooms
Full bathrooms
Rooms
Parking features
Basement
Lot features
Standard status
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Water source
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Architectural style
Listing Agency:
Fontaine Family-The Real Estate Leader
Listed By:
Chad Doucette
(207) 784-3800
Added: Nov 10
Last Checked: Nov 10 at 8:06PM
MLS# 1675047
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 2,985-square-foot duplex contains two vacant apartments, each with four bedrooms. The first-floor residence has one full bathroom; the second occupies two floors and includes one full and one half bathroom. Updates include a new heating system, replacement electrical throughout, and a shingle roof. The building dates to 1883 and has a Colonial style, vinyl flooring, and off-street parking.
The property encompasses 0.48 acres and includes an adjoining vacant lot. Zoning is NCA. Public water and sewer serve the property. Natural gas is available at the street, and the heating system has been connected to it.
The property encompasses 0.48 acres and includes an adjoining vacant lot. Zoning is NCA. Public water and sewer serve the property. Natural gas is available at the street, and the heating system has been connected to it.
Key Highlights
- Two vacant apartments, each with four bedrooms
- 2,985‑square‑foot duplex on a 0.48‑acre property
- First‑floor unit has 4 bedrooms and 1 full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,441
Cap Rate
6.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$588,820
$588.8K
Cap Rate 7%
$420,586
$420.6K
Cap Rate 9%
$327,122
$327.1K
Market Conditions
NOI Build-Up for 2,985 SF
Gross rent
$42.6K $14.28/SF
− Vacancy
−$567 −$0.19/SF
EGI
$42.1K $14.09/SF
− OpEx
−$12.6K −$4.23/SF
NOI
$29.4K $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%
$588,820
Cap Rate 7%
$420,586
Cap Rate 9%
$327,122
Alternative Uses
Best Use
Multifamily LT 5
$420.6K
$368.0K – $490.7K
NOI $29,441 @ 7.0% cap · market cap 6.93%
Second Best
Apartment 5plus
$399.6K
$349.7K – $466.2K
NOI $27,972 @ 7.0% cap · market cap 6.58%
Theoretical Best
Office A
$928.4K
$812.3K – $1.08M
NOI $64,987 @ 7.0% cap · market cap 15.29%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
861
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
$214,200
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Lewiston, ME
Properties on Market for Duplexes in Lewiston
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two four-bedroom apartments feature distinct layouts, including an upper residence arranged across two floors.
Where is this duplex located?
The property is located at 7 & 9 Orange Street Lewiston, ME.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two vacant apartments, each with four bedrooms; 2,985‑square‑foot duplex on a 0.48‑acre property; First‑floor unit has 4 bedrooms and 1 full bathroom
