Duplex with Two-Car
New
For Sale
$295,000
77 Acadia Ave, Lewiston, ME 04240
Each residence has its own porch, and the property includes a two-car garage.
Property Size1,680 SF
Price / SF$175.60
Days on Market4
Property Features for 77 Acadia Ave
General Information
Standard status
Active
Size
1,680 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
porch
Building Details
Year Built
1957
Listed By:
Doug Schauf · License #BA917314
(207) 838-5593
Source:
Makemaineyourhome
Added: Oct 12
Changed: Oct 13
Last Checked: Oct 14 at 11:07PM
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 Doug Schauf
Investment Insights
Based on property information with market context.
This 1,680-square-foot duplex, built in 1957, contains two units with two bedrooms apiece. Hardwood flooring is present, and the first-floor residence has new kitchen appliances. Exterior features include vinyl siding, replacement vinyl windows, and a porch for each unit. A boiler was installed in 2018, and a two-car garage provides additional on-site space.
At 77 Acadia Ave in Lewiston, the property offers access to the interstate and area amenities.
At 77 Acadia Ave in Lewiston, the property offers access to the interstate and area amenities.
Key Highlights
- Two units, each with two bedrooms, in 1,680 square feet
- Two‑car garage and a separate porch for each unit
- Hardwood flooring; first‑floor unit has new kitchen appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,570
Cap Rate
5.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$331,400
$331.4K
Cap Rate 7%
$236,714
$236.7K
Cap Rate 9%
$184,111
$184.1K
Market Conditions
NOI Build-Up for 1,680 SF
Gross rent
$24.0K $14.28/SF
− Vacancy
−$319 −$0.19/SF
EGI
$23.7K $14.09/SF
− OpEx
−$7.1K −$4.23/SF
NOI
$16.6K $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%
$331,400
Cap Rate 7%
$236,714
Cap Rate 9%
$184,111
Alternative Uses
Best Use
Multifamily LT 5
$236.7K
$207.1K – $276.2K
NOI $16,570 @ 7.0% cap · market cap 5.62%
Second Best
Apartment 5plus
$224.9K
$196.8K – $262.4K
NOI $15,743 @ 7.0% cap · market cap 5.34%
Theoretical Best
Warehouse
$2.98M
$2.61M – $3.48M
NOI $208,866 @ 7.0% cap · market cap 70.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
429
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has its own porch, and the property includes a two-car garage.
Where is this duplex located?
The property is located at 77 Acadia Ave Lewiston, ME.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Two units, each with two bedrooms, in 1,680 square feet; Two‑car garage and a separate porch for each unit; Hardwood flooring; first‑floor unit has new kitchen appliances
