125 Pierce St

Lewiston, ME 04240

$340,000
Last Sold Price
14
Beds
5,734 Sq. Ft.
$59 / Sq. Ft.
5,734
Sq. Ft.
$59
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Closed 10/29/24
Closed 10/29/24
Front of 125 Pierce
Apartment 6

Description

125 Pierce St - Lucrative 6-Unit Investment with Owner-Occupancy Option
Step into a rewarding investment opportunity with 125 Pierce St, a 6-unit property offering excellent cash flow potential. This versatile building is ideal for both seasoned investors and prospective owner-occupants seeking a stable and profitable asset. Key Features:
Strong Cash Flow: Benefit from the reliable income generated by this property, with a solid track record of consistent rental revenue. Owner-Occupancy Opportunity:...125 Pierce St - Lucrative 6-Unit Investment with Owner-Occupancy Option

Step into a rewarding investment opportunity with 125 Pierce St, a 6-unit property offering excellent cash flow potential. This versatile building is ideal for both seasoned investors and prospective owner-occupants seeking a stable and profitable asset. Key Features:

Strong Cash Flow: Benefit from the reliable income generated by this property, with a solid track record of consistent rental revenue. Owner-Occupancy Opportunity: One unit is currently vacant, presenting the unique chance for you to live in the building while enjoying income from the other five units. Long-Term Tenants: Four of the units are occupied by tenants who have been renting for nearly a decade, reflecting the property's stability. Modern Safety Features: Each unit is equipped with its own dedicated electrical panel and new fire extinguishers, ensuring safety and convenience for all residents. This property offers a fantastic investment potential. Don't miss out on this exceptional opportunity at 125 Pierce St - secure your future and enhance your portfolio today!
  1. Listed by Dustin Mallar • Maine Source Realty

Property Details for 125 Pierce Street

Waterfront
No
ArchitecturalStyle
Cape, Multi-Level
Garage
No
Zoning
Downtown Res
LISTING UPDATED: 10/30/2024 03:19 PM

Property Details for 125 Pierce Street

StatusClosed
MLS #1600170
Days on Market14
Taxes$3,551 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti-Family
Year Built1891
Lot Size0.10 AC / 4,356 SF
CountyAndroscoggin County
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Location

Listing Courtesy of Maine Source Realty

Sold By Real Broker

Add your commute

Building Information for 125 Pierce Street

Stories3Residences6Year Built1891Building Size-Lot Size0.10 AC / 4,356 SF

Payment Calculator

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$2,008 per month

30 year fixed, 6.46% Interest

Principal and Interest

$1,712

Property Taxes

$296

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 125 Pierce Street

Summary
Location and General Information
  • Road Surface Type: Paved
  • Town: Lewiston
  • State/Province: ME
  • Zip Code: 04240
  • County: Androscoggin
  • Geo Latitude: 44.094384
  • Geo Longitude: -70.210941
  • Tax Lot: 095
  • Site:Level: Yes
  • Site:Sidewalks: Yes
  • Location:Intown: Yes
  • Location:Near Turnpike/Interstate: Yes
  • Transportation:Major Road Access: Yes
  • Construction: Wood Frame
  • Water View2: No
Parking
  • Parking Features: 1 - 4 Spaces, Gravel, Paved, Off Street
  • Attached Garage: No
  • Parking: 1 - 4 Spaces, Off Street
Taxes and HOA Information
  • Tax Book Number: 6638
  • Tax Block: 000
  • Tax Map Number: 196
  • Tax Year: 2023
  • Parcel Number: LEWI-000196-000000-000095
  • Location Information:Association Y/N: No
  • Tax Annual Amount: $3,551.00
  • Restrictions:No Restrictions: Yes
Property
Heating and Cooling
  • Water Heater:Electric: Yes
  • Water Heater:Tank: Yes
  • Heat Fuel: Oil
  • Heat System: Baseboard, Hot Water, Multi-Zones
Lot Information
  • SqFt Finished Below Grade: 0.0
  • SqFt Finished Above Grade: 5734.0
  • Lot Size Acres: 0.1
  • Source of Acreage: Public Records
  • Building Area Total: 5734.0
  • Lot Size Area: 0.1
  • Lot Size Units: Acres
  • Lot Size Square Feet: 4356.0
  • Bathrooms Full: 6
  • Bathrooms Half: 0
  • Street Number: 125
  • Property Information:Surveyed: Unknown
  • Property Information:Seasonal: No
  • Property Information:Deed/Conveyance Type Offered: Warranty
  • Property Information:Deed: All
  • Property Information:Total Half Baths: .00
Parking
  • Driveway:Gravel: Yes
  • Driveway:Paved: Yes
  • Driveway: Gravel, Paved2
Property and Assessments
  • Leased Land: No
  • Property Type: Multi-Family
  • Property Type Label: Multi-Family
  • Year Built: 1891
Utilities
  • Electric: Circuit Breakers
  • Sewer: Yes
  • Water Source: Public
  • Utilities:Utilities On: Yes
  • Gas:Natural - At Street: Yes
  • Gas:No Gas: Yes
  • Water Heater: Electric2, Tank
  • Equipment: Internet Access Available
Interior and Exterior Features
Exterior Features
  • Construction Materials: Wood Siding, Asbestos, Wood Frame
  • Vehicle Storage:No Vehicle Storage: Yes
  • Roof: Shingle
  • Vehicle Storage: No Vehicle Storage
  • Basement Entry: Bulkhead2, Interior
Interior Features
  • Basement: Bulkhead, Full, Unfinished
  • Flooring: Wood, Vinyl, Laminate
  • Interior Features: Storage
  • Cooling: None
  • Heating: Multi-Zones, Hot Water, Baseboard
  • Foundation Details: Stone, Brick/Mortar
  • # Stories: 3
  • Bathrooms Total (Integer): 6
  • Bathrooms Total (Decimal): 6.00
  • Bathrooms Total (Notational): 6.00
  • Cooling YN: No
  • Heating YN: Yes
  • Amenities: Storage
Multi Family
Income & Expenses Information
  • Gross Income: $75,600.00
  • Operating Expenses: $28,982.00
  • Gross Income: $75,600.00
  • Operating Expenses: $28,982.00
Multi-Family Information
  • Number of Units: 6
  • Building Info:# Floors: 3
  • Building Info:# Heating Units: 1
  • Building Info:# Water Heaters: 1
Unit 1
  • Unit 1:Lease: No
  • Unit 1:Level: First
  • Unit 1:Security Deposit: No
  • Unit 1:Monthly Rent: $1,200.00
  • Unit 1:# Full Baths: 1.00
  • Unit 1:# of Half Baths: .00
  • Unit 1:# of Rooms: 5.00
  • Unit 1:# of Bedrooms: 2.00
  • Unit 1:Dedicated Electric Meter: Yes
  • Unit 1:Dedicated Gas Meter: No
  • Unit 1:Dedicated Water Heater: No
  • Unit 1:Electric: No
  • Unit 1:Heat: Yes
  • Unit 1:Range: Yes
  • Unit 1:Refrigerator: Yes
  • Unit 1:Sewer: Yes
  • Unit 1:Water: Yes
Unit 2
  • Unit 2:Lease: No
  • Unit 2:Level: First
  • Unit 2:Monthly Rent: $1,200.00
  • Unit 2:# Full Baths: 1.00
  • Unit 2:# Half Baths: .00
  • Unit 2:# of Rooms: 5.00
  • Unit 2:# of Bedrooms: 2.00
  • Unit 2:Dedicated Electric Meter: Yes
  • Unit 2:Dedicated Gas Meter: No
  • Unit 2:Dedicated Water Heater: No
  • Unit 2:Electric: No
  • Unit 2:Heat: Yes
  • Unit 2:Range: Yes
  • Unit 2:Refrigerator: Yes
  • Unit 2:Sewer: Yes
  • Unit 2:Water: Yes
Unit 3
  • Unit 3:Lease: No
  • Unit 3:Level: Second
  • Unit 3:Monthly Rent: $1,100.00
  • Unit 3:# Full Baths: 1.00
  • Unit 3:# Half Baths: .00
  • Unit 3:# of Rooms: 5.00
  • Unit 3:# of Bedrooms: 3.00
  • Unit 3:Dedicated Electric Meter: Yes
  • Unit 3:Dedicated Gas Meter: No
  • Unit 3:Dedicated Water Heater: No
  • Unit 3:Electric: No
  • Unit 3:Heat: Yes
  • Unit 3:Range: Yes
  • Unit 3:Refrigerator: No
  • Unit 3:Sewer: Yes
  • Unit 3:Water: Yes
Unit 4
  • Unit 4:Lease: No
  • Unit 4:Level: Second
  • Unit 4:Monthly Rent: $1,200.00
  • Unit 4:# Full Baths: 1.00
  • Unit 4:# Half Baths: .00
  • Unit 4:# of Rooms: 5.00
  • Unit 4:# of Bedrooms: 3.00
  • Unit 4:Dedicated Electric Meter: Yes
  • Unit 4:Dedicated Gas Meter: No
  • Unit 4:Dedicated Water Heater: No
  • Unit 4:Electric: No
  • Unit 4:Heat: Yes
  • Unit 4:Range: Yes
  • Unit 4:Refrigerator: Yes
  • Unit 4:Water: Yes
Unit 5
  • Unit 5:Lease: Yes
  • Unit 5:Level: Third
  • Unit 5:Monthly Rent: $1,100.00
  • Unit 5:# Full Baths: 1.00
  • Unit 5:# Half Baths: .00
  • Unit 5:# of Rooms: 4.00
  • Unit 5:# of Bedrooms: 2.00
  • Unit 5:Dedicated Electric Meter: Yes
  • Unit 5:Dedicated Gas Meter: No
  • Unit 5:Dedicated Water Heater: No
  • Unit 5:Electric: No
  • Unit 5:Heat: Yes
  • Unit 5:Range: Yes
  • Unit 5:Refrigerator: Yes
  • Unit 5:Sewer: Yes
  • Unit 5:Water: Yes
Unit 6
  • Unit 6:Lease: No
  • Unit 6:Level: Third
  • Unit 6:Monthly Rent: $.00
  • Unit 6:# Full Baths: 1.00
  • Unit 6:# Half Baths: .00
  • Unit 6:# of Rooms: 4.00
  • Unit 6:# of Bedrooms: 2.00
  • Unit 6:Dedicated Electric Meter: Yes
  • Unit 6:Dedicated Gas Meter: No
  • Unit 6:Dedicated Water Heater: No
  • Unit 6:Electric: No
  • Unit 6:Heat: Yes
  • Unit 6:Range: Yes
  • Unit 6:Refrigerator: Yes
  • Unit 6:Sewer: Yes
  • Unit 6:Water: Yes
Unit Information
  • Units:# of 1 BD Units: 0
  • Units:# of 2 BD Units: 4
  • Units:# of 3 BD Units: 2
  • Units:# of 4+ BD Units: 0

Property History for 125 Pierce Street

DateEvent & SourcePriceAppreciation
Apr 9, 2026

Withdrawn

Maine Listings #1653073

$750,000—
Mar 2, 2026

Listed (Active)

Maine Listings #1653073

$750,000—
Oct 29, 2024

Sold (Public Record)

Public Record #1544223113

$340,000—
DateEvent & SourcePrice
04/09/2026

Withdrawn

Maine Listings #1653073

$750,000
03/02/2026

Listed (Active)

Maine Listings #1653073

$750,000
10/29/2024

Sold (Public Record)

Public Record #1544223113

$340,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 125 Pierce Street

Taxable ValueLand$17,040Additions$101,340Total$118,380
Tax Record2025$3,880 ($323 / month)
Home Facts
Total Finished SqFt7,884 SqFtAbove Grade Finished SqFt7,884 SqFtLot Size4,792 SqFtStyleMulti-Family Res (5+ Units)Year Built1891CountyANDROSCOGGINAPNLEWI M:196 L:095

Schools near 125 Pierce Street

This home is within Lewiston Public Schools.
Rating
School
Type
Grades
Distance
Governor James B Longley Elementary School
Public - PK to 6
Lewiston Middle School
Public - 7 to 8
Lewiston High School
Public - 9 to 12
Robert V. Connors Elementary School
Public - PK to 6
Rating
School
Distance
Governor James B Longley Elementary School
PublicPK to 6

Lewiston Middle School
Public7 to 8

Lewiston High School
Public9 to 12

Robert V. Connors Elementary School
PublicPK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Maine Source Realty

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. © 2022 Maine Real Estate Information System, Inc. All Rights Reserved.