54 Pierce St

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30843948
Property Subtypes: Mid-Rise
Status: Pending
Number of Units: 6 Units
Building Size (RSF): 4,648 SF
Gross Building Area: See Agent
Sale Price: $375,000
Unit Price: $62,500 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/5/2023

Overview / Comments

Introducing an incredible investment opportunity! This 6-unit multi-family property is a fantastic value proposition for savvy investors. With a proven rental history and impressive income potential, it promises a solid return on investment. Each unit offers spacious layouts and abundant natural light, ensuring comfortable living spaces for tenants. Located in a downtown setting, this property provides convenient access to nearby amenities, including shopping centers, dining options, and public transportation. Its strategic location also allows for easy commuting and attracts a diverse pool of tenants. With its strong rental demand and desirable location, this multi-family property is a smart choice for those looking to maximize their investment potential. This property presents a promising opportunity for both seasoned investors and those new to real estate. Whether you're expanding your portfolio or entering the market, this 6-unit multi-family property offers an excellent chance to secure consistent cash flow and long-term growth. Don't miss out on this lucrative venture that combines affordability, tenant appeal, and a prime location. Act now and seize this remarkable investment opportunity!

Attachments & Media


Finance Data Year 2023
Real Estate Taxes - Annual($) $3,950 (Annual)

Additional Details

Nearest MSA: Lewiston-Auburn
County: Androscoggin
Tax ID/APN: LEWI-000195-000000-000501
Zoning: DR
Year Built: 1863
Roof Type: Flat
Construction/Siding: Wood Frame
Parking Description: Off street; On site
Total Parking Spaces: 20
Heat Type: Natural Gas
Heat Source: Baseboard
Zoning Description: DR

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 20,203 48,932 59,530
Median Age: 31.81 37.14 38.35
Households: 8,732 20,804 25,186


Photograph of Listing Agent

Kevin Fletcher, CCIM

KW Commercial NECPE Member
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