Strong cash-flow opportunity in Lewiston! This fully separated 3-unit multifamily features three identical 2-bedroom units designed for easy management and consistent rental income. Two units are currently occupied with monthly leases, with one vacant first-floor unit offering immediate upside for an owner-occupant or the ability to place a new tenant at market rent. The property is highly efficient for investors, with separate electrical meters, three heating systems, and three hot water heaters, allowing tenants to pay their own utilities and minimizing owner expenses. Identical unit layouts simplify maintenance, turnover, and leasing operations. Additional highlights include a large driveway with ample off-street parking and strong long-term rental potential. Whether you're expanding your portfolio or looking for an owner-occupied investment property, this multifamily offers excellent income potential and low management complexity.
| MLS # | 1669783 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1900 |
| Days On Site | 52 |
| Listing Provided By | American Real Estate | Mushreq Alsamraee |
| Bath(s) | 3 Total |
|---|---|
| SQ Feet | 1,998 |
| Basement | Y |
| Story(s) | 3 |
| Units | 3 |
| Zoning | DR |
| Acreage | 0.10 |
| Heating Yes / No | Yes |
|---|---|
| Cooling Yes / No | No |
| Cooling | None |
| Laundry Features | Washer Hookup |
| Amenities Co Amenities | Washer Hookup |
| Roof | Shingle |
|---|---|
| Foundation Details | Stone, Brick/Mortar |
| Lot Features | Near Shopping, Level, Open Lot, Sidewalks, Near Public Transit |
| Construction Materials | Wood Frame, Vinyl Siding |
| Patio And Porch Features | Deck |
| Attached Garage Yes / No | No |
|---|---|
| Garage Yes / No | No |
| Parking Features | Paved, 5 - 10 Spaces, Off Street |
| Sewer | Public Sewer |
|---|---|
| Electric | Circuit Breakers |
| Tax Annual Amount | 3481 |
|---|---|
| Tax Book Number | 11150 |
| Tax Year | 2025 |
| Tax Lot | 037 |
| Tax Map Number | 195 |
| State | ME |
|---|---|
| County | Androscoggin |
| City | Lewiston |
| Zip Code | 04240 |
| Area | Androscoggin |
| Listing VS Median (in 04240) | |
Price: $407,000 low | high Med: $359,000 sqft: 1,998 low | high Med: 1,008 $ / sqft: $204 low | high Med: $356 On site: 52 low | high Med: 101 | |
| State | ME |
|---|---|
| County | Androscoggin |
| City | Lewiston |
| Zip Code | 04240 |
| Area | Androscoggin |
| Listing VS Median (in 04240) | |
Price: $407,000 low | high Med: $359,000 sqft: 1,998 low | high Med: 1,008 $ / sqft: $204 low | high Med: $356 On site: 52 low | high Med: 101 | |