Closed

$575,000

126 Pierce Street, Lewiston, ME 04240

12beds

5,029sqft

Multi Family

Built in 1893

-- sqft lot

$-- Zestimate^®

$114/sqft

$1,843 Estimated rent

Home value

Not available

Estimated sales range

Not available

$1,843/mo

Zestimate^® history

Owner options

List your home for rent

$1,843/mo

Rent Zestimate^®

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$1,843/mo

Rent Zestimate^®

Refinance and save

$2,915/mo

Est. payment

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$2,915/mo

Est. payment

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What's special

This 6 unit multifamily investment offering includes two triple-deckers plus a neighboring lot currently used for extra off-street parking—Potentially buildable or could be sold off. Motivated seller, make an offer. Each unit is separately metered with new heat pumps, and heat pump hot water heaters, keeping operating costs predictable and efficient. Both buildings are fully lead-abated wit excellent cash flow and rental history with room for upward growth. Whether you're expanding your portfolio or looking for a high-yield investment, this property is a must-see!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 12
Bathrooms: 6
Full bathrooms: 6

Heating

Heat Pump

Cooling

Heat Pump

Features

Storage
Flooring: Vinyl, Wood
Basement: Interior Entry,Full,Unfinished
Has fireplace: No

Interior area

Total structure area: 5,029
Total interior livable area: 5,029 sqft
Finished area above ground: 5,029
Finished area below ground: 0

Property

Parking

Parking features: Reclaimed, 5 - 10 Spaces, Off Street

Features

Levels: Multi/Split
Stories: 3

Lot

Size: 9,583 sqft
Features: City Lot, Near Shopping, Near Turnpike/Interstate, Near Town, Level, Sidewalks

Details

Parcel number: LEWIM196L112
Zoning: Downtown Res
Other equipment: Internet Access Available

Construction

Type & style

Home type: MultiFamily
Architectural style: Other
Property subtype: Multi Family

Materials

Wood Frame, Vinyl Siding
Foundation: Brick/Mortar
Roof: Flat,Membrane,Pitched,Shingle,Tar/Gravel

Condition

Year built: 1893

Utilities & green energy

Electric: Circuit Breakers
Sewer: Public Sewer
Water: Public
Utilities for property: Utilities On

Community & neighborhood

Location

Region: Lewiston

Other

Other facts

Listing terms: Cash

Price history

Date	Event	Price
8/1/2025	Pending sale	$624,999+8.7%$124/sqft
Source: Maine Listings #1618455 Report a problem
7/31/2025	Sold	$575,000-8%$114/sqft
Source: Maine Listings #1618455 Report a problem
5/6/2025	Contingent	$624,999$124/sqft
Source: Maine Listings #1618455 Report a problem
4/14/2025	Price change	$624,999-3.7%$124/sqft
Source: Maine Listings #1618455 Report a problem
4/9/2025	Listed for sale	$649,000+254.8%$129/sqft
Source: Maine Listings #1618455 Report a problem
5/1/2019	Sold	$182,896-1.1%$36/sqft
Source: Maine Listings #1405044 Report a problem
3/4/2019	Pending sale	$184,900$37/sqft
Source: Keller Williams Realty #1405044 Report a problem
2/22/2019	Listed for sale	$184,900$37/sqft
Source: Keller Williams Realty #1405044 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$4,092 +5.9%	$128,800
2023	$3,864 +5.3%	$128,800
2022	$3,671 +0.9%	$128,800
2021	$3,640 -1.4%	$128,800
2020	$3,693 +18.6%	$128,800 +19.5%
2019	$3,115 +0.8%	$107,760
2018	$3,089 +2.3%	$107,760
2017	$3,019 +1.7%	$107,760
2016	$2,968 +0.6%	$107,760
2015	$2,949	$107,760