Two-Unit Duplex with
For Sale
$295,000
Pending
77 Acadia Avenue, Lewiston, ME 04240
Lewiston, ME
Property Size1,680 SF
Days on Market9
Property Features for 77 Acadia Avenue
General Information
Property type
Residential Multi Family
Property subtype
Single Family Attached
Bathrooms
2
Full bathrooms
2
Standard status
Pending
Size
1,680 SF
Building Details
Year built
1957
Listing Agency:
Auburn, Maine · Better Homes and Gardens Real Estate
Listed By:
Gina Letourneau
(207) 782-8311
Added: Oct 10
Changed: Oct 15
Last Checked: Oct 18 at 2:06PM
MLS# 1683900
Copyright © 2026 Better Homes and Gardens-The Masiello Group. 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 1,680-square-foot duplex contains two units, each with two bedrooms and hardwood flooring. The first-floor residence has new kitchen appliances. Each unit also has its own porch, and the property includes a two-car garage. Vinyl siding and replacement windows are among the exterior features; a boiler was installed in 2018.
At 77 Acadia Avenue in Lewiston, the property offers access to the interstate and area amenities.
At 77 Acadia Avenue in Lewiston, the property offers access to the interstate and area amenities.
Key Highlights
- Two 2‑bedroom units
- 1,680 square feet
- Two‑car garage and a separate porch for each unit
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.
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Property Analytics
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom layouts in both residences are complemented by a porch for each unit and updated appliances downstairs.
Where is this duplex located?
The property is located at 77 Acadia Avenue 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 2‑bedroom units; 1,680 square feet; Two‑car garage and a separate porch for each unit
