47-49 Pierce St

Lewiston, ME 04240

$575,000
Price
21
Beds
7,560 Sq. Ft.
$76 / Sq. Ft.
7,560
Sq. Ft.
$76
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Pending
Pending
1 - Cover Photo
2 - Drone (1)
5 - Drone (4)
6 - Drone (5)
7 - Drone (6)
8 - 47 Pierce Entry
11 - Unit 1 Bedroom 2
12 - Unit 1 Bedroom 3
13 - Unit 1 Bedroom 4
14 - Unit 1 Kitchen (1)
15 - Unit 1 Kitchen (2)
16 - Unit 2 Living Room
17 - Unit 2 Kitchen (1)
18 - Unit 2 Kitchen (2)
19 - Unit 2 Bedroom 1
20 - Unit 2 Bedroom 2
21 - Unit 2 Bedroom 3
22 - Unit 3 Living Room
23 - Unit 3 Kitchen
25 - Unit 3 Bedroom 2
26 - Unit 3 Bathroom
27 - Unit 4 Kitchen
28 - Unit 4 Bathroom
29 - Unit 5 Kichen (1)
30 - Unit 5 Kitchen (2)
31 - Unit 5 Bedroom 2
32 - Unit 5 Bedroom 3
33 - Unit 5 Bathroom
34 - Unit 6 Kitchen
35 - Unit 6 Bedroom 1
36 - Unit 6 Bedroom 2
37 - Unit 6 Bedroom 3
38 - 47 Pierce Basement
39 - 49 Pierce Basement (1)
40 - 49 Pierce Basement (2)

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...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.
  1. Listed by Tyler Stewart • Elevate Maine Realty

Property Details for 47-49 Pierce Street

Waterfront
No
ArchitecturalStyle
Other
Garage Spaces
.00
Garage
No
Zoning
Downtown Residential
LISTING UPDATED: 03/19/2026 10:36 AM

Property Details for 47-49 Pierce Street

StatusPending
MLS #1652671
Days on Market22
Taxes$5,078 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti-Family
Year Built1881
Lot Size0.19 AC / 8,276 SF
CountyAndroscoggin County
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Location

Listing Courtesy of Elevate Maine Realty
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Building Information for 47-49 Pierce Street

Stories-Residences6Year Built1881Building Size-Lot Size0.19 AC / 8,276 SF

Payment Calculator

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$3,288 per month

30 year fixed, 6.36% Interest

Principal and Interest

$2,865

Property Taxes

$423

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 47-49 Pierce Street

Summary
Location and General Information
  • Town: Lewiston
  • State/Province: ME
  • Zip Code: 04240
  • County: Androscoggin
  • Geo Latitude: 44.09706
  • Geo Longitude: -70.212605
  • Tax Lot: 527
  • Site:Level: Yes
  • Site:Sidewalks: Yes
  • Location:Intown: Yes
  • Construction: Wood Frame
  • Road Frontage: true
  • Water View2: No
  • Tree Growth YN2: false
Parking
  • Parking Features: 5 - 10 Spaces, Paved, Common, On Site, Off Street
  • Attached Garage: No
  • Parking: 5 - 10 Spaces, Off Street, On Site2, Paved3
Taxes and HOA Information
  • Tax Book Number: 9703
  • Tax Map Number: 195
  • Tax Year: 2025
  • Parcel Number: 47PierceStreetLewiston04240
  • Location Information:Association Y/N: No
  • Tax Annual Amount: $5,078.00
Property
Heating and Cooling
  • Water Heater:Electric: Yes
  • Water Heater:Tank: Yes
  • Heat Fuel: Gas Natural
  • Heat System: Radiator
Lot Information
  • SqFt Finished Below Grade: 0.0
  • SqFt Finished Above Grade: 7560.0
  • Lot Size Acres: 0.19
  • Source of Acreage: Public Records
  • Building Area Total: 7560.0
  • Lot Size Area: 0.19
  • Lot Size Units: Acres
  • Lot Size Square Feet: 8276.4
  • Bathrooms Full: 6
  • Bathrooms Half: 0
  • Street Number: 4749
  • Property Information:Surveyed: Unknown
  • Property Information:Seasonal: No
  • Property Information:Owner Occupied: No
  • Property Information:Deed/Conveyance Type Offered: Quit Claim w/Covenant
  • Property Information:Deed: All
  • Property Information:2 Detached Houses on 1 Lot: No
  • Property Information:Total Half Baths: .00
  • Property Information:Color: Green
  • Property Information:Source of Road Frontage: Other
  • Property Information:Road Front Other Source: GIS Measured
Parking
  • Driveway:Common: Yes
  • Driveway:Paved: Yes
  • Driveway: Common2, Paved2
Property and Assessments
  • Leased Land: No
  • Property Type: Multi-Family
  • Property Type Label: Multi-Family
  • Year Built: 1881
Utilities
  • Electric: Circuit Breakers
  • Sewer: Yes
  • Water Source: Public
  • Gas:Natural - At Street: Yes
  • Water Heater: Tank
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl Siding, Wood Frame
  • Vehicle Storage:No Vehicle Storage: Yes
  • Roof: Flat
  • Vehicle Storage: No Vehicle Storage
  • Basement Entry: Interior
Interior Features
  • Basement: Unfinished
  • Flooring: Wood, Vinyl, Tile
  • Cooling: None
  • Heating: Radiator
  • Bathrooms Total (Integer): 6
  • Bathrooms Total (Decimal): 6.00
  • Bathrooms Total (Notational): 6.00
  • Cooling YN: No
  • Heating YN: Yes
  • Levels: Multi-Level
Multi Family
Income & Expenses Information
  • Gross Income: $122,400.00
  • Operating Expenses: $53,525.46
  • Gross Income: $122,400.00
  • Operating Expenses: $53,525.46
Multi-Family Information
  • Number of Units: 6
Unit 1
  • Unit 1:Lease: No
  • Unit 1:Level: First
  • Unit 1:Security Deposit: Yes
  • Unit 1:Monthly Rent: $2,400.00
  • Unit 1:# Full Baths: 1.00
  • Unit 1:# of Half Baths: .00
  • Unit 1:# of Rooms: 6.00
  • Unit 1:# of Bedrooms: 4.00
  • Unit 1:Dedicated Electric Meter: Yes
  • Unit 1:Dedicated Gas Meter: No
  • Unit 1:Dedicated Water Heater: No
  • Unit 1:Electric: Yes
  • 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: Second
  • Unit 2:Monthly Rent: $2,400.00
  • Unit 2:# Full Baths: 1.00
  • Unit 2:# Half Baths: .00
  • Unit 2:# of Rooms: 6.00
  • Unit 2:# of Bedrooms: 4.00
  • 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: Third
  • Unit 3:Monthly Rent: $2,000.00
  • Unit 3:# Full Baths: 1.00
  • Unit 3:# Half Baths: .00
  • Unit 3:# of Rooms: 6.00
  • Unit 3:# of Bedrooms: 4.00
  • Unit 3:Dedicated Electric Meter: Yes
  • Unit 3:Dedicated Gas Meter: No
  • Unit 3:Dedicated Water Heater: No
  • Unit 3:Electric: Yes
  • Unit 3:Heat: Yes
  • Unit 3:Range: Yes
  • Unit 3:Refrigerator: Yes
  • Unit 3:Sewer: Yes
  • Unit 3:Water: Yes
Unit 4
  • Unit 4:Lease: No
  • Unit 4:Level: First
  • 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: No
  • Unit 5:Level: Second
  • Unit 5:Monthly Rent: $1,000.00
  • Unit 5:# Full Baths: 1.00
  • Unit 5:# Half Baths: .00
  • Unit 5:# of Rooms: 5.00
  • Unit 5:# of Bedrooms: 3.00
  • 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: $1,200.00
  • Unit 6:# Full Baths: 1.00
  • Unit 6:# Half Baths: .00
  • Unit 6:# of Rooms: 5.00
  • Unit 6:# of Bedrooms: 3.00
  • Unit 6:Dedicated Electric Meter: Yes
  • Unit 6:Dedicated Gas Meter: No
  • Unit 6:Dedicated Water Heater: No
  • Unit 6:Electric: Yes
  • Unit 6:Heat: Yes
  • Unit 6:Range: Yes
  • Unit 6:Refrigerator: Yes
  • Unit 6:Sewer: Yes
  • Unit 6:Water: Yes
Unit 19
  • Unit 19:Heat: Yes
  • Unit 19:Range: Yes
  • Unit 19:Sewer: Yes
  • Unit 19:Water: Yes
Unit 20
  • Unit 20:Heat: Yes
  • Unit 20:Range: Yes
  • Unit 20:Refrigerator: Yes
  • Unit 20:Sewer: Yes
  • Unit 20:Water: Yes
Unit Information
  • Units:# of 1 BD Units: 0
  • Units:# of 2 BD Units: 0
  • Units:# of 3 BD Units: 3
  • Units:# of 4+ BD Units: 3

Property History for 47-49 Pierce Street

DateEvent & SourcePriceAppreciation
Mar 19, 2026

Pending

Maine Listings #1652671

—
Mar 18, 2026

Active Under Contract

Maine Listings #1652671

—
Feb 20, 2026

Withdrawn

Maine Listings #1650948

$575,000—
DateEvent & SourcePrice
03/19/2026

Pending

Maine Listings #1652671

—
03/18/2026

Active Under Contract

Maine Listings #1652671

—
02/20/2026

Withdrawn

Maine Listings #1650948

$575,000

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

Schools near 47-49 Pierce Street

This home is within Lewiston Public Schools.
Rating
School
Type
Grades
Distance
Montello 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
Montello 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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Listing Courtesy of Elevate Maine 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. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved.