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Daniel Picard

daniel@rootsinmaine.com +1(207) 571-0839

Listed by Wendy Pelletier Meservier & Associates

$ 599,900

Est. payment | -/mo

5 Baths

4,306 SqFt

Save

$ 599,900

Est. payment | -/mo

Save

5 Baths

4,306 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,306 sqft

Price per Sqft $139

MLS Listing ID 1681927

Full Baths 5

HOA Y/N No

Year Built 1922

Tax Year 2026

Lot Size 0.410 Acres

Acres 0.41

Source Maine Listings

Land Area 4306

Property Description

INVESTORS! A unique and versatile property with tremendous income potential. Formerly the well-known Farnham House Bed & Breakfast, which operated successfully from 1982 to 2004, the property has most recently been used as office space. Offering 14 rooms, 6 BATHROOMS, 3 KITCHENS and 4 fireplaces, the building is currently configured with multiple living areas, including apartment-style spaces on the second and third floors. The third floor is set up as an apartment, while the second floor offers flexibility for one larger apartment or potential additional units. The first floor is currently open to the second, so modifications would be needed to create fully separated units. Utilities and building systems are not separately divided. Located near Bates College and area hospitals, this property offers exceptional flexibility and may also be well suited for a multi-generational household seeking separate living spaces under one roof. Investors may consider housing for traveling professionals, furnished rentals, boarding-house use, multi-unit conversion, business use with rental income, or other possibilities, subject to municipal approvals, zoning and permitting. Built in 1922, the Farnham House is rich with character and craftsmanship, including original cabinetry, terrazzo floors, hardwood flooring, detailed woodwork, built-ins and original architectural features. Hardwood floors are believed to remain beneath much of the carpeting. Additional features include a beautiful sunporch, rear porch, expansive second-floor deck, large level tree-lined lawn and a garage beneath the home with tandem parking for two smaller vehicles. Numerous updates have been completed over the years, including windows, vinyl siding, roofing, sheetrock, electrical improvements, plumbing, insulation, a new boiler, deck improvements and fiber-optic cable to every room. The property has changed hands only a

Location

State ME

County Androscoggin

Zoning NCB

Direction From north on Main st, just past Veterans Memorial bridge on right

Rooms

Basement Interior Entry, Walk-Out Access, Full, Unfinished, Brick/Mortar

Interior

Interior Features 1st Floor Bedroom, In-Law Floorplan

Heating Oil, Direct Vent Heater, Radiator

Cooling None

Flooring Carpet, Other, Vinyl, Hardwood

Fireplaces Number 4

Equipment DSL, Other

Furnishings Partially

Fireplace Yes

Window Features Double Pane Windows,Storm Window(s)

Exterior

Parking Features Paved, 5 - 10 Spaces, Off Street, Tandem, Basement

Garage Spaces 2.0

Roof Type Membrane,Shingle

Porch Deck, Porch

Garage Yes

Building

Lot Description Near Shopping, Level, Open Lot, Sidewalks, Near Public Transit

Story 3

Foundation Poured Concrete, Brick/Mortar

Water Public

Architectural Style Colonial

Level or Stories 3

Others

Tax ID LEWI-000193-000000-000088

Security Features Security System

Schools and Properties Nearby

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+1(207) 571-0839

daniel@rootsinmaine.com

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520 Main ST Lewiston, ME 04240