Two-Unit Duplex with Detached
New
For Sale
$349,000
72 Webber Avenue, Lewiston, ME 04240
Multi-Family, Lewiston, ME
Property Size1,488 SF
Lot Size0.23 Acres
Price / SF$234.54
Days on Market3
Property Features for 72 Webber Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
NCA
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 2, Bathroom 3, Basement
Patio and Porch features
Deck, Porch
Interior features
1st Floor Bedroom, Pantry, Shower, Storage
Fencing
Fenced
Basement
Unfinished, Full
Lot features
Well Landscaped, Level, Intown, Near Shopping, Neighborhood
Standard status
Active
Size
1,488 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2027
Tax Annual Amount
2790
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Wood, Hot Water(Heating), Wood Stove, Baseboard
Water source
Public
Amenities
enclosed porch/sunroom
fenced-in side yard
detached barn/garage
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Flooring type
Vinyl, Wood, Carpet
Building materials
Wood Frame, Vinyl Siding, Wood Siding
Roof type
Shingle
Architectural style
Other
Additional Structures
Storage, Outbuilding
Listing Agency:
Amnet Realty
(207) 225-5888
Listed By:
Desmond Duguay
(207) 212-0598
Added: Oct 13
Changed: Oct 14
Last Checked: Oct 15 at 8:06AM
MLS# 1684111
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.
Investment Insights
Based on property information with market context.
This 1,488-square-foot duplex, built in 1920, contains two apartments with distinct layouts. The first-floor unit has two bedrooms and two full bathrooms; the upper apartment has one bedroom and one full bathroom, along with an enclosed porch or sunroom. Updated windows were installed in the sunroom, and the property has a newer natural gas heating system. A detached barn/garage provides storage space, while the 0.23-acre lot includes a landscaped, fenced side yard. The property also has a deck and porch, public water, and public sewer.
The upper apartment has a history as a furnished rental through Airbnb and Furnished Finder. The property is zoned NCA and is located at 72 Webber Avenue in Lewiston.
The upper apartment has a history as a furnished rental through Airbnb and Furnished Finder. The property is zoned NCA and is located at 72 Webber Avenue in Lewiston.
Key Highlights
- Two‑unit property with 1,488 square feet of living area
- First‑floor apartment has 2 bedrooms and 2 full bathrooms
- Upper apartment includes 1 bedroom, 1 full bathroom, and an enclosed porch/sunroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,676
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$293,520
$293.5K
Cap Rate 7%
$209,657
$209.7K
Cap Rate 9%
$163,067
$163.1K
Market Conditions
NOI Build-Up for 1,488 SF
Gross rent
$21.2K $14.28/SF
− Vacancy
−$283 −$0.19/SF
EGI
$21.0K $14.09/SF
− OpEx
−$6.3K −$4.23/SF
NOI
$14.7K $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%
$293,520
Cap Rate 7%
$209,657
Cap Rate 9%
$163,067
Alternative Uses
Best Use
Multifamily LT 5
$209.7K
$183.5K – $244.6K
NOI $14,676 @ 7.0% cap · market cap 4.21%
Second Best
Apartment 5plus
$199.2K
$174.3K – $232.4K
NOI $13,944 @ 7.0% cap · market cap 4.00%
Theoretical Best
Warehouse
$2.64M
$2.31M – $3.08M
NOI $184,996 @ 7.0% cap · market cap 53.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
391
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
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Frequently Asked Questions
What type of property is this?
Duplex - The apartments offer a two-bedroom, two-bath layout downstairs and a one-bedroom, one-bath unit above.
Where is this duplex located?
The property is located at 72 Webber Avenue Lewiston, ME.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Two‑unit property with 1,488 square feet of living area; First‑floor apartment has 2 bedrooms and 2 full bathrooms; Upper apartment includes 1 bedroom, 1 full bathroom, and an enclosed porch/sunroom
