Property Type:Multi-FamilyBaths:6Square Footage:6,936Lot Size (sq. ft.):4,792Status:Active Under Contract
Current Price:$525,000List Date:3/01/2026Last Modified:4/29/2026
Description
Excellent investment opportunity in the heart of downtown Lewiston. This fully occupied 6-unit multifamily is located in a federally designated Opportunity Zone, which may offer significant tax advantages for long-term investment strategies -- verify with your CPA.
The property features one 3-bedroom unit, four 2-bedroom units, and one 1-bedroom unit, offering a solid unit mix for consistent rental income. Over the past four years, the current owners have invested more than $100,000 in updates, transforming the building from a distressed asset into a well maintained and stabilized investment.
With strong professional management already in place, this is a true turnkey property well suited for 1031 exchange transactions or portfolio expansion. Lewiston's multifamily market is highly competitive with few large multi-unit properties available.
A rare opportunity to acquire a solid asset in one of Maine's fastest-moving rental markets. Schedule a private showing today.
Status: Active Under ContractOriginal List Price: 600000List Price: $525,000Current Price: $525,000
Property Information
Surveyed: UnknownSeasonal: NoNumber of Units: 6Total Baths: 6Total Full Baths: 6Year Built: 1901SqFt Finished Above Grade: 6936SqFt Finished Total: 6936SqFt Source: Public RecordsGarage: NoLot Size Acres +/-: 0.11Source of Acreage: Public Records
Status Change Info
Kick-Out: No
Water Info
Water Frontage: NoWater View: No
Units
# of 1 BD Units: 1# of 2 BD Units: 4# of 3 BD Units: 1
Unit 1
Lease: NoLevel: FirstSecurity Deposit: YesMonthly Rent: 1100# Full Baths: 1# of Rooms: 4# of Bedrooms: 3Dedicated Electric Meter: YesDedicated Gas Meter: NoDedicated Water Heater: NoElectric: NoHeat: YesRange: YesRefrigerator: YesSewer: YesWater: Yes
Unit 2
Lease: YesLevel: FirstSecurity Deposit: YesMonthly Rent: 988# Full Baths: 1# of Rooms: 2# of Bedrooms: 1Dedicated Electric Meter: YesDedicated Gas Meter: NoDedicated Water Heater: NoElectric: NoHeat: YesRange: YesRefrigerator: YesSewer: YesWater: Yes
Unit 3
Lease: YesLevel: SecondSecurity Deposit: YesMonthly Rent: 979# Full Baths: 1# of Rooms: 3# of Bedrooms: 2Dedicated Electric Meter: YesDedicated Gas Meter: NoDedicated Water Heater: NoElectric: NoHeat: YesRange: YesRefrigerator: YesSewer: YesWater: Yes
Unit 4
Lease: NoLevel: SecondSecurity Deposit: YesMonthly Rent: 988# Full Baths: 1# of Rooms: 3# of Bedrooms: 2Dedicated Electric Meter: YesDedicated Gas Meter: NoDedicated Water Heater: NoElectric: NoHeat: YesRange: YesRefrigerator: YesWater: Yes
Unit 5
Lease: YesLevel: ThirdSecurity Deposit: YesMonthly Rent: 1000# Full Baths: 1# of Rooms: 3# of Bedrooms: 2Dedicated Electric Meter: YesDedicated Gas Meter: NoDedicated Water Heater: NoElectric: NoHeat: YesRange: YesRefrigerator: YesSewer: YesWater: Yes
Unit 6
Lease: NoLevel: SecondSecurity Deposit: YesMonthly Rent: 1240# Full Baths: 1# of Rooms: 3# of Bedrooms: 2Dedicated Electric Meter: YesDedicated Gas Meter: NoDedicated Water Heater: NoElectric: NoHeat: YesRange: YesRefrigerator: YesSewer: YesWater: Yes