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47-49 Pierce Street , Lewiston, ME 04240

$575,000

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Active

BATHS6 full SQUARE FEET7,560 MLS#1652671

STATUSActive PROPERTY TYPEMulti Unit - Multiple

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Property Description

Fully occupied 6-unit multifamily in Lewiston featuring a strong unit mix of (3) three-bedroom units and (3) four-bedroom units. Large layouts support consistent rental demand. The property is currently producing a 12% cap rate, offering immediate in-place cash flow with additional upside through rent growth and operational improvements. The building received a new EPDM roof in 2018 and includes a spacious on-site parking lot, further enhancing long-term stability. A solid value-add opportunity in a proven rental market.

47-49 Pierce Street | MLS# 1652671

This multi-family property located at 47-49 Pierce Street , Lewiston, ME 04240 is currently listed for sale with an asking price of $575,000. Search Lewiston real estate on www.masiellogrouprealestate.com today.

Property Features

Property Type: Multi Unit - Multiple

Basement: Interior Entry

Heating: Radiator

Home Style: Other

Lot Size: 0.19 Acres

Roof Type: Flat

Taxes: $5,078

Year Built: 1881

Feature Descriptions

Electric: Circuit Breakers

Flooring: Tile, Vinyl, Wood

Sewer: Public Sewer

SQ FT Above Grade: 7560

SQ FT Below Grade: 0

Water: Public

Listed By / Shown By

Listed By

Agency Name: Elevate Maine Realty
Agency Phone: 207-203-9022
Agent Name: Tyler Stewart

Shown By

Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540

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$ 1,870.58 per month $1,279.70 Principal & Interest $423.17 Property Tax $167.71 Homeowner's Insurance

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47-49 Pierce Street , Lewiston, ME 04240

$575,000

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 03/04/2026. The listing information on this page last changed on 03/04/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Wed 03/04/2026 12:05:34 AM EST) or MLSPIN MLS (last updated Tue 03/03/2026 11:38:18 PM EST) or Prime MLS (last updated Tue 03/03/2026 11:33:44 PM EST) or MREIS (last updated Tue 03/03/2026 11:55:16 PM EST). Real estate listings held by brokerage firms other than Better Homes and Gardens Real Estate The Masiello Group may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.© 2026 Maine Real Estate Information System, Inc. All Rights Reserved.
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47-49 Pierce Street , Lewiston, ME 04240

Property Description

47-49 Pierce Street | MLS# 1652671

Property Features

Feature Descriptions

Listed By / Shown By

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47-49 Pierce Street , Lewiston, ME 04240

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