Four-Unit Residential Income
For Sale
$548,000
72 Jefferson Street, Lewiston, ME 04240
Three apartments have two bedrooms each, while the fourth includes a larger layout with a galley kitchen and dining room.
Property Size3,960 SF
Price / SF$138.38
Days on Market176
Property Features for 72 Jefferson Street
General Information
Standard status
Active
Size
3,960 SF
Property subtype
Multi Family Home
Zoning
DR
Units
Unit Mix
4 x 2BR
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$3,937
Amenities
porch
shed
fenced backyard
garden space
Building Details
Building Size
3,960 SF
Year Built
1953
Buildings
1
Units
4
Listed By:
Dan Amero
(207) 762-8053
Source:
Amerorealty
Added: May 1
Changed: Oct 22
Last Checked: Oct 22 at 2:18PM
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 Dan Amero
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Investment Insights
Based on property information with market context.
This 3,960-square-foot residential income property contains four units and was built in 1953. The owner's apartment has five rooms, including two bedrooms, a galley kitchen with appliances, a dining room with parquet flooring, a living room with hardwood flooring, and an updated bathroom. It also includes a porch, storage shed, and use of a detached one-car garage.
The other three apartments each have two bedrooms, hardwood floors, a porch, and a storage shed. Each has use of one of three detached garages, with a fenced backyard and garden area shared at the property. The site is zoned DR.
The other three apartments each have two bedrooms, hardwood floors, a porch, and a storage shed. Each has use of one of three detached garages, with a fenced backyard and garden area shared at the property. The site is zoned DR.
Key Highlights
- Four‑unit building totaling 3,960 square feet
- Built in 1953
- Three apartments have two bedrooms each; the owner's unit has two bedrooms and five rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,058
Cap Rate
7.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$781,160
$781.2K
Cap Rate 7%
$557,971
$558.0K
Cap Rate 9%
$433,978
$434.0K
Market Conditions
NOI Build-Up for 3,960 SF
Gross rent
$56.5K $14.28/SF
− Vacancy
−$752 −$0.19/SF
EGI
$55.8K $14.09/SF
− OpEx
−$16.7K −$4.23/SF
NOI
$39.1K $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%
$781,160
Cap Rate 7%
$557,971
Cap Rate 9%
$433,978
Alternative Uses
Best Use
Multifamily LT 5
$558.0K
$488.2K – $651.0K
NOI $39,058 @ 7.0% cap · market cap 7.13%
Second Best
Apartment 5plus
$530.1K
$463.9K – $618.5K
NOI $37,109 @ 7.0% cap · market cap 6.77%
Theoretical Best
Warehouse
$7.03M
$6.15M – $8.21M
NOI $492,328 @ 7.0% cap · market cap 89.84%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
4
Residential units
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Three apartments have two bedrooms each, while the fourth includes a larger layout with a galley kitchen and dining room.
Where is this quadplex located?
The property is located at 72 Jefferson Street Lewiston, ME.
What is the asking price?
The asking price for this property is $548,000.
What are key features of this property?
This property features: Four‑unit building totaling 3,960 square feet; Built in 1953; Three apartments have two bedrooms each; the owner's unit has two bedrooms and five rooms
