Well-Maintained Four-Unit Multifamily
7 Shawmut Street Unit 4 Lewiston, ME 04240
7 Shawmut Street Unit 4, Lewiston, ME, 04240
$595,000
For Sale
$595,000
Four-unit multifamily property with upgrades, parking, and storage.
Property Size5,720 SF
Price / SF$104.02
Days on Market80
Property Features for 7 Shawmut Street Unit 4
General Information
- Standard status
- Active
- Size
- 5,720 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1920
Listing agency
Coldwell Banker Realty
(207) 209-0145
Listed by
Jay Weinberg
(207) 209-0145
Source
Compass
Added: May 4 Updated: Jul 10 at 1:34PM Checked: Jul 21 at 8:07AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This well-maintained four-unit multifamily property is situated on a double lot and features multiple parking spaces, common areas, storage, and a garbage room. The property is fully compliant with current fire codes and has undergone numerous upgrades over time. It includes two one-bedroom units with layouts and washer and dryer hookups, as well as two large three-bedroom units featuring original trim and moldings, hardwood floors, tiled bathrooms, good-sized bedrooms, large kitchens, dining rooms, and living rooms, plus washer hookups. Both three-bedroom units have a small front porch, large rear porches, and a storage room with a dryer hookup. The property size is 5720 square feet.
Key Highlights
- Well‑maintained 4‑unit building on a double lot with ample parking.
- 100% compliant with current fire codes and numerous upgrades completed.
- Mix of unit types: Two 1‑bedroom units with in‑unit washer/dryer hookups and Two large 3‑bedroom units.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $98.8k | $17.28 |
| − Vacancy | −$1.4k | −$0.24 |
| EGI | $97.5k | $17.04 |
| − OpEx | −$43.9k | −$7.67 |
| NOI | $53.6k | $9.37 |
5,720 SF · lease $17.28/SF/yr · vacancy 1.40% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$806.0K
$705.2K – $940.3K
NOI $56,417 @ 7.0% cap · market cap 9.48%
Second Best
Apartment 5plus
$765.7K
$670.0K – $893.4K
NOI $53,602 @ 7.0% cap · market cap 9.01%
Theoretical Best
Warehouse
$10.16M
$8.89M – $11.85M
NOI $711,140 @ 7.0% cap · market cap 119.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four-unit multifamily property with upgrades, parking, and storage.
Where is this quadplex located?
The property is located at 7 Shawmut Street Unit 4 Lewiston, ME.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Well‑maintained 4‑unit building on a double lot with ample parking.; 100% compliant with current fire codes and numerous upgrades completed.; Mix of unit types: Two 1‑bedroom units with in‑unit washer/dryer hookups and Two large 3‑bedroom units.
