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Listed by Daniel Weber Nicholas Laverriere Keller Williams Realty
$ 899,000
Est. payment | /mo
8 Baths
7,920 SqFt
$ 899,000
Est. payment | /mo
8 Baths
7,920 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,920 sqft
Price per Sqft $113
MLS Listing ID 1660474
Full Baths 8
HOA Y/N No
Year Built 1896
Tax Year 2025
Lot Size 9,583 Sqft
Acres 0.22
Source Maine Listings
Land Area 7920
Property Description
Well-maintained and updated 8-unit multifamily in a strong Lewiston rental market, offering a mix of stability and upside. The property features a diverse unit mix of (2) one-bedroom, (4) two-bedroom, and (2) three-bedroom units - positioning it well to attract a broad tenant base and reduce vacancy risk.
The property has seen a mix of major exterior capital improvements and ongoing interior upgrades. Key components including the roof, siding, and heating system have been updated, helping reduce near-term capital expenditure risk. Several units have been renovated with updated kitchens, flooring, and interior finishes, supporting strong tenant demand and rental performance, while leaving additional units available for future improvements and continued rent growth.
The property offers off-street parking for all units and benefits from Lewiston's continued rental demand and limited supply of larger multifamily assets. With a solid operational foundation already in place, this is a turnkey opportunity for investors seeking dependable cash flow with the ability to further optimize rents and increase long-term value.
Whether you're scaling an existing portfolio or acquiring a stabilized asset in a growing market, this building checks the boxes for both performance and potential.
The property has seen a mix of major exterior capital improvements and ongoing interior upgrades. Key components including the roof, siding, and heating system have been updated, helping reduce near-term capital expenditure risk. Several units have been renovated with updated kitchens, flooring, and interior finishes, supporting strong tenant demand and rental performance, while leaving additional units available for future improvements and continued rent growth.
The property offers off-street parking for all units and benefits from Lewiston's continued rental demand and limited supply of larger multifamily assets. With a solid operational foundation already in place, this is a turnkey opportunity for investors seeking dependable cash flow with the ability to further optimize rents and increase long-term value.
Whether you're scaling an existing portfolio or acquiring a stabilized asset in a growing market, this building checks the boxes for both performance and potential.
Location
State ME
County Androscoggin
Zoning DR
Direction GPS
Rooms
Basement Interior Entry
Interior
Heating Baseboard, Hot Water
Cooling None
Flooring Vinyl, Wood
Fireplace No
Exterior
Roof Type Flat,Membrane
Porch Porch
Garage No
Building
Entry Level Multi-Level
Water Public
Architectural Style Other
Others
Tax ID LEWI-000196-000000-000145
Schools and Properties Nearby
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