#1620626, Listing Office: Four Points Real Estate, LLC
Property details
About 47-49 Pierce St
Offering a 10% cap rate, this 6-unit property is a rare find in the heart of downtown Lewiston. With three 3-bedroom units and three 4-bedroom units, the building boasts extra-large layouts that are always in demand — perfect for attracting long-term tenants and maximizing rental income. The property features a new EPDM roof installed in 2018 and a large 15-space parking lot, providing both peace of mind and added convenience for tenants. Located just steps from downtown amenities, this building combines strong in-place cash flow with plenty of value-add potential for future equity growth. Whether you're looking to expand your portfolio or break into one of Maine's busiest rental markets, this property checks all the boxes for savvy investors.
Highlights
Home typeOther
HeatingRadiant
StatusActive
Size7,560 sqft
BasementYes
Lot size0.19 Acres
Year built1881
Parking11 - 20 Spaces, Common, On Site, Off Street
MLS #1620617
Summary
- Full Bathrooms: 6
- Basement: Yes
- Flooring Type: Wood, Vinyl, Tile
- Attached Garage: No
- Parking: 11 - 20 Spaces, Common, On Site, Off Street
- Architectural Style: Other
- Heating: Radiant
- Cooling: None
- List Price: $600,000
- Lot: Level, Sidewalk
- Year Built: 1881
- Living Area: 7,560 SqFt
- Lot Size: 0.19 Acres
- MLS Number: 1620617
- MLS Name: Maine Listings
- Office Name: Keller Williams Realty
- Office Phone: (207) 879-9800
- Office Email: klrw318@kw.com
Disclaimer: Based on information from the Maine Real Estate Information System, Inc. (d/b/a Maine Listings. Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. Copyright © 2025 Maine Real Estate Information System, Inc. All Rights Reserved. 
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/30/2025, 12:50:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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47-49 Pierce St
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Price information
Property sales
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Tax history
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Nearby schools
1
Robert V. Connors Elementary School
Public District PK-6
0.5 mi
•400 Bartlett St
3
Walton School
Public District PK-6
0.9 mi
•92 Mary Carroll St
2
Farwell Elementary School
Public District PK-6
0.9 mi
•84 Farwell St # 110
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $14,186. The most common annual income of people living in Lewiston, ME is less than $<35k. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
80%
<35k
17%
35k-100k
3%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
47%
Single, No Kids
30%
Single, with Kids
9%
Married, No Kids
14%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
31%
<11 yrs old
11%
12-17 yrs old
27%
18-34 yrs old
27%
35-64 yrs old
4%
65+ yrs old
What do the neighbors do for fun?
UFC
Pro Wrestling
Figure Skating
Where do the neighbors shop?
Family Dollar
Burlington
Express/Express For Men
Where do the neighbors go to eat?
Burger King
Cicis Pizza
Church's Chicken
What do the neighbors drive?
Buick
Pontiac
Cadillac
What do the neighbors listen to?
Urban Contemporary
Jazz
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
Living in Lewiston, ME
Lewiston's transportation infrastructure includes a network of roads and highways that connect residents to nearby cities and towns. Public transit options are available, providing residents with alternatives to private vehicle use. The city's layout and amenities also support a degree of walkability, particularly in the downtown area, which is conducive to pedestrian activity. While specific schedules for public transportation are not provided here, they are typically structured to accommodate peak commuting times. Ride-sharing services are also an option for residents, complementing the existing transportation framework.
The community is served by a number of public schools, offering education from elementary through high school levels, as well as private educational institutions that cater to a variety of learning preferences. Healthcare services in Lewiston include hospitals and clinics that provide a range of medical services to residents. The city also features a public library system that supports lifelong learning and community engagement. Retail and dining options in Lewiston reflect the local culture, with a mix of independent shops and restaurants that showcase the area's diversity.
Lewiston is celebrated for its vibrant mix of cultural influences, which are evident in the community's events and local cuisine. The city prides itself on its historical significance and the revitalization of its downtown area, which has become a hub for arts and entertainment. Seasonal festivals and community gatherings are a testament to the city's strong sense of community and local pride.
Lewiston offers a diverse array of housing options, with single-family homes being a significant part of the housing stock. Architectural styles in the area range from historic Victorian homes to more contemporary designs. The housing market is dynamic, with a mix of older homes that reflect the city's rich history and newer constructions that cater to modern living preferences. While the exact homeownership rate is subject to change, Lewiston has traditionally had a balanced mix of homeowners and renters.
About 47-49 Pierce St
The listing price of 47-49 Pierce St property is $600,000.
The property 47-49 Pierce St is a house located in Lewiston, Maine, 04240.
Active Listing: 47-49 Pierce St is Active, which means the seller is accepting offers.
The nearby schools for 47-49 Pierce St are: Robert V. Connors Elementary School (GreatSchools Rating 1/10), Walton School (GreatSchools Rating 3/10), Farwell Elementary School (GreatSchools Rating 2/10), Lewiston Middle School (GreatSchools Rating 1/10), Auburn Middle School (GreatSchools Rating 3/10), Oak Hill Middle School (GreatSchools Rating 2/10), Lewiston High School (GreatSchools Rating 2/10), Edward Little High School (GreatSchools Rating 4/10), Oak Hill High School (GreatSchools Rating 6/10).
The property at 47-49 Pierce St has 6 bathrooms.
The property 47-49 Pierce St is 7,560 SqFt (source: MLS/tax record).
The year of construction for 47-49 Pierce St is 1881.
This home is located at 47-49 Pierce St in Lewiston, ME and zip code 04240. This 7,560 square foot home, which was built in 1881, sits on a 0.19 acre lot. Features: 6 bathrooms. It is currently priced at $600,000.
From Rocket Homes Real Estate and based on county public records data.