www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
33741265
33741264

19 Wood Street, Lewiston, ME 04240

TG
ME ME BA918504
F.O. Bailey Real Estate
Listed by F.O. Bailey Real Estate
$7,350,000
14 days on market
Updated 13 days ago

Brick trophy property

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 57,632
Units 45
Cap Rate 7.13%
NOI $524,020
Occupancy 100%
Tenancy Multi
Class B
Year Built 1902
Year Renovated 1986
Buildings 1
Acreage 1.320
Zoning NCB
Parking Spaces 50 spaces
Parking per 1,000 SqFt 0.87
Investment Type Value Add
Sale Condition N/A

Multifamily | 45 Units | $163,333/unit

Marketing description

Rare opportunity to acquire the iconic Jordan School, widely regarded as one of Lewiston’s premier multifamily properties, ideally located just minutes from Bates College. This impressive brick landmark features 45 thoughtfully designed residential units, including 4 studio apartments, 26 one-bedroom units, and 15 two-bedroom units, along with ample on-site parking.

The property has benefited from extensive capital improvements under current ownership, including a new elevator system featuring updated controls, cab, and hydraulics, as well as replacement of both the upper and lower roofs within the past several years. Additionally, 38 units have been substantially renovated with updated flooring, kitchens, bathrooms, appliances, and other modern finishes.

Meticulously maintained and presented in exceptional condition, this trophy asset offers investors the opportunity to own a truly distinguished multifamily property with strong rental appeal and long-term value. Don't miss this chance to add one of Lewiston's finest apartment communities to your portfolio.

Investment highlights

Trophy/Pride of ownership property

Close to Bate's College

Immaculate condition

Listing Contacts

TG
ME ME BA918504
F.O. Bailey Real Estate
Listed by F.O. Bailey Real Estate

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$524,020.00
$43,668.33/mo

Valuation Metrics

0
DSCR
7.13%
Cap Rate
7.13%
ROI

Map

Zoning

Intelligence Badge
NCB SpecialNeighborhood Conservation B District
View municipality zoning documents
Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 88 uses
View all 88 uses
Last updated Jun 23, 2026 For deeper zoning details, reports are available at Zoneomics

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Thomas Gadbois
License
ME BA918504
Brokerage
F.O. Bailey Real Estate
Brokerage Phone
2074098339
Title
ME
Brokerage Address
183 U.S. Route 1
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591