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$486,668

  • Sold
  • Closed
  • Multi-Family
  • 6 Units
  • 0.19 Acres
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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.

Full Property Details for 47-49 Pierce St

General

  • Sold For: $486,668
  • Taxes: $5,078 (2025)
  • Status: Closed
  • Type: Multi-Family
  • Source: MREIS
  • MLS ID: 1652671
  • Added to Site: 139 day(s) ago

Interior

  • Flooring: Tile, Vinyl, Wood

Rooms

Bathrooms

  • Total Bathrooms: 6
  • Full Bathrooms: 6

Parking

  • Parking Features: Common, Paved, 5 - 10 Spaces, On-Site Parking, Off Street

Location

  • County: Androscoggin

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Gas Natural, Radiator

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Style: Other
  • Construction: Wood Frame, Vinyl Siding
  • Basement: Yes
  • Basement Desc.: Interior Entry, Unfinished
  • Roof: Flat
  • Square Feet: 7,560
  • Finished Total: 7,560 Sq. Ft.
  • Finished Above Grnd: 7,560 Sq. Ft.
  • Year Built: 1881

Lot Features

  • Lot Size (Acres): 0.19
  • Lot Size (Sq. Ft.): 8,276.4
  • Zoning: Downtown Residential
  • Lot Description: Intown, Level, Sidewalks

Financial Considerations

  • Operating Expenses: $53,525.46
  • Tax Amount: $5,078
  • Tax Year: 2025

Disclosures and Reports

  • Lot Number: 527

Listed by Elevate Maine Realty (207) 331-4565
Sold by Non MREIS Agency (207) 213-7644

Listing agent

— 47-49 Pierce St —

  • Elevate Maine Realty

    207-331-4565

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Price & Sales History for 47-49 Pierce St

Date
Details
Price
Change
Source
6/04/2026
Sold
$486,668
-15.36%
MLS
2/24/2026
Listed
$575,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Elevate Maine Realty (207) 331-4565
Sold by Non MREIS Agency (207) 213-7644

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47-49 Pierce Street, Lewiston, ME 04240 (MLS# 1652671) is a Multi-Family property that was sold at $486,668 on June 04, 2026. Want to learn more about 47-49 Pierce Street? Do you have questions about finding other Multi-Family real estate for sale in Lewiston? You can browse all Lewiston real estate or contact a Coldwell Banker agent to request more information.