171 Walnut Street, Lewiston, ME 04240

New Listing
$450,000
Property Type: Multi-Family Baths: 3 Square Footage: 3,124 Lot Size (sq. ft.): 9,583 Status: Active
Current Price: $450,000 List Date: 7/16/2026 Last Modified: 7/16/2026

Description

Excellent owner-occupied or investment opportunity! Well-maintained 3-unit building situated on a rare double lot in a convenient Lewiston location, just minutes from Bates College, St. Mary's Regional Medical Center, Central Maine Medical Center, downtown amenities, shopping, and restaurants. Offering over 3,000 square feet of living space, this solid multi-family property features stable in-place rental income with excellent upside potential. The building includes two first-floor one-bedroom units and a spacious second-floor three-bedroom apartment, providing an attractive mix of unit sizes for both investors and owner-occupants. Each unit offers in-unit laundry, generous storage, and comfortable living spaces. Major capital improvements have already been completed, including a brand-new roof (July 2026), newer furnace, replacement windows, and low-maintenance vinyl siding, providing peace of mind for years to come. Outside, the oversized double lot offers abundant off-street parking for tenants and guests, along with a detached two-car garage for additional parking, storage, or workshop space. Whether you're looking to offset your mortgage by living in one unit while collecting rental income from the others, or expand your investment portfolio with a well-maintained income-producing property, this versatile multi-family offers exceptional value in a highly desirable location close to colleges, hospitals, and major employers. **Contains some AI enhanced imagery

Supplements: ********

More Information MLS# 1672103

Location Information

Street #: 171 Street Name: Walnut Street Type: Street County: Androscoggin Town: Lewiston State/Province: ME Zip Code: 04240 Zip +4: 6439 Leased Land: No Book: 10869 Page: 328 Map: 195 Lot: 153 Zoning: NCA Zoning Overlay: No Association: No School District: Lewiston Public Schools Full Tax Amount $: 5050 Tax Year: 25 Tree Growth Y/N: No Geo Lat: 44.097811 Geo Lon: -70.203807

Contract Information

Status: Active Kick-Out: No Original List Price: 450000 List Price: $450,000 Current Price: $450,000

Property Information

Surveyed: Unknown Seasonal: No Owner Occupied: No Deed/Conveyance Type Offered: Warranty Deed: All Deed Restrictions: Unknown Bank Owned REO: No 2 Detached Houses on 1 Lot: No Number of Units: 3 Total Baths: 3 Total Full Baths: 3 Color: Biege Year Built: 1926 SqFt Finished Above Grade: 3124 SqFt Finished Total: 3124 SqFt Source: Public Records Furniture: Unfurnished Garage: Yes Garage Spaces: 2 Lot Size Acres +/-: 0.22 Source of Acreage: Public Records Road Frontage: Yes Road Frontage +/-: 100 Source of Road Frontage: Public Records

Water Info

Water Frontage: No Water View: No

Building Info

# Heating Units: 1 # Water Heaters: 1

Units

# of 1 BD Units: 2 # of 3 BD Units: 1

Unit 1

Lease: No Level: First Security Deposit: No Monthly Rent: 800 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: No Dedicated Gas Meter: No Dedicated Water Heater: No Electric: Yes Heat: Yes Range: No Refrigerator: No Sewer: Yes Water: Yes

Unit 2

Lease: No Level: First Security Deposit: Yes Monthly Rent: 1000 # Full Baths: 1 # of Rooms: 3 # of Bedrooms: 1 Dedicated Electric Meter: No Dedicated Gas Meter: No Dedicated Water Heater: No Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Unit 3

Lease: No Level: Second Security Deposit: Yes Monthly Rent: 1700 # Full Baths: 1 # of Rooms: 6 # of Bedrooms: 3 Dedicated Electric Meter: No Dedicated Gas Meter: No Dedicated Water Heater: No Electric: Yes Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Utilities

Pole: yes Utilities On: Yes

Property Features

Site: Open; Rolling/Sloping; Sidewalks; Well Landscaped Location: Intown; Near Golf Course; Near Shopping; Neighborhood; Subdivision Roads: Paved; Public Transportation: Major Road Access; Public Transport Access Recreational Water: Nearby; Public; River/Brook/Stream Style: Other Levels: Multi-Level Construction: Wood Frame Basement: Full; Unfinished Basement Entry: Interior Foundation Materials: Brick/Mortar; Poured Concrete Exterior: Vinyl Siding; Wood Siding Roof: Membrane; Shingle Heat System: Baseboard; Hot Water; Radiator; Steam Heat Fuel: Oil Water Heater: Off Heating System; Oil; On Demand; Tank Cooling: Wall Unit(s) Floors: Carpet; Vinyl; Wood Amenities: 1st Floor Bedroom; Bathtub; Laundry - Hookup; Shower; Storage Patio and Porch Features: Deck; Porch; Porch-Screened Equipment: Cable; Internet Access Available Driveway: Paved Parking: 1 - 4 Spaces; Off Street; On Site; Paved Vehicle Storage: 2 Car; Auto Door Opener; Detached Electric: Circuit Breakers Gas: No Gas Sewer: Public Sewer Water: Public
Listing Office: Keller Williams Realty
Last Updated: July - 16 - 2026
171 Walnut Street, Lewiston, ME 04240- MLS# 1672103
Broker Attribution: 207-553-2662

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