$899,000
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… Read More 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. Read Less
Courtesy of Keller Williams Realty 207-879-9800
Listing Snapshot
Days Online
20
Last Updated
Full Baths
8
Square Ft.
7,920
Lot Size
0.22 Acres
Year Built
1896
MLS Number
1660474
Additional Details
Basement
Basement: "Interior", "Unfinished"
Building
Architectural Style: "Other", Building Area Total: 7,920, Construction Materials: "Wood Frame", "Vinyl Siding", Number Of Units Total: 8, Year Built: 1896
Cooling
Cooling: "None"
Expenses
Operating Expense: $55,628
Exterior Features
Patio And Porch Features: "Porch", Patio And Porch Features: "Porch"
Floors
Flooring: "Vinyl", "Wood"
Heating
Heating: "Gas Natural", "Baseboard", "Hot Water", Heating Included
Income
Gross Income: $126,276
Lot
Features: "Level", "Sidewalks", "Neighborhood", 0.22 acres, Area: 0.22, 9,583 square feet
Parking
Features: "Paved", "5 - 10 Spaces", "On Site"
Property
Parcel Number: LEWI-000196-000000-000145, Zoning: DR
Roof
Roof: "Flat", "Membrane"
Sewer
Sewer: "Public Sewer"
Taxes
Annual Amount: $5,381, Tax Lot: 145
Utilities
Electric: "Circuit Breakers", Water Source: "Public"
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