Triplex with
For Sale
$335,000
79 Dow Ave, Lewiston, ME 04240
Fully rented three-unit property with laundry hookups, garage, and backyard space.
Property Size2,276 SF
Price / SF$147.19
Days on Market98
Property Features for 79 Dow Ave
General Information
Standard status
Active
Size
2,276 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
3
Amenities
backyard
garage
laundry hookups
Building Details
Year Built
1916
Listing Agency:
CENTURY 21 Advantage
Listed By:
Roy L'Italien Jr.
(207) 782-2121
Source:
Aroostookrealestate
Added: Jul 12
Changed: Oct 8
Last Checked: Oct 7 at 1:55PM
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 CENTURY 21 Advantage
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This triplex contains three residential units within a 2,276-square-foot property built in 1916. The improvements include a garage, laundry hookups, and a backyard. All three units are currently rented.
Located at 79 Dow Ave in Lewiston, Maine, the property offers an existing three-unit configuration with outdoor space and on-site garage functionality. Its established construction date and current occupancy provide a straightforward profile for a residential income property buyer.
Located at 79 Dow Ave in Lewiston, Maine, the property offers an existing three-unit configuration with outdoor space and on-site garage functionality. Its established construction date and current occupancy provide a straightforward profile for a residential income property buyer.
Key Highlights
- Three‑unit residential property at 79 Dow Ave, Lewiston, ME 04240
- 2,276‑square‑foot property built in 1916
- All three units are fully rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,448
Cap Rate
6.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$448,960
$449.0K
Cap Rate 7%
$320,686
$320.7K
Cap Rate 9%
$249,422
$249.4K
Market Conditions
NOI Build-Up for 2,276 SF
Gross rent
$32.5K $14.28/SF
− Vacancy
−$432 −$0.19/SF
EGI
$32.1K $14.09/SF
− OpEx
−$9.6K −$4.23/SF
NOI
$22.4K $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%
$448,960
Cap Rate 7%
$320,686
Cap Rate 9%
$249,422
Alternative Uses
Best Use
Multifamily LT 5
$320.7K
$280.6K – $374.1K
NOI $22,448 @ 7.0% cap · market cap 6.70%
Second Best
Apartment 5plus
$304.7K
$266.6K – $355.5K
NOI $21,328 @ 7.0% cap · market cap 6.37%
Theoretical Best
Warehouse
$4.04M
$3.54M – $4.72M
NOI $282,964 @ 7.0% cap · market cap 84.47%
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
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
166
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
Frequently Asked Questions
What type of property is this?
Triplex - Fully rented three-unit property with laundry hookups, garage, and backyard space.
Where is this triplex located?
The property is located at 79 Dow Ave Lewiston, ME.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Three‑unit residential property at 79 Dow Ave, Lewiston, ME 04240; 2,276‑square‑foot property built in 1916; All three units are fully rented
