198 Park Street, Lewiston, ME 04240 (MLS# 1683059)

198 Park Street, Lewiston, ME 04240

New Listing

$720,000

Virtual Tour

https://my.matterport.com/show/?m=gdeeMfB6KWy

Property Type: Multi-Family Baths: 8 Square Footage: 8,900 Lot Size (sq. ft.): 4,792 Status: Active

Current Price: $720,000 List Date: 10/03/2026 Last Modified: 10/03/2026

Overview

Description

INVESTMENT OPPORTUNITY IN THE HEART OF LEWISTON! Well-positioned 8-unit multifamily property at 198 Park Street, offering a desirable mix of four 2-bedroom units and four 1-bedroom units. The mix provides flexibility for attracting a broad range of tenants and offers an investor an opportunity to own a substantial multifamily asset in a highly convenient Lewiston location. Situated near downtown, residents have access to restaurants, shopping, services, parks, employment and amenities without having to rely on a vehicle. The Park Street area is considered highly walkable and near public transit hubs. Building is vacant, cleaned out and ready for your finishing touches. Has newer siding and windows and is in good condition. Matterport 3D walkthrough gives a sample of a 2 bedroom unit and a 1 bedroom unit as do photos. Also available is 210/212 Park St, 34 Shawmut, 46 Shawmut.

Listing Details MLS# 1683059

Location Information

Street #: 198
Street Name: Park
Street Type: Street
County: Androscoggin
Town: Lewiston
State/Province: ME
Zip Code: 04240
Zip +4: 7389
Leased Land: No
Book: 1442
Page: 177
Map: 196
Lot: 42
Zoning: DR
Zoning Overlay: Unknown
Association: No
Full Tax Amount $: 7615
Tax Year: 2025
Tree Growth Y/N: No

Contract Information

Original List Price: 720000

Property Information

Surveyed: Unknown
Seasonal: No
Deed/Conveyance Type Offered: Quit Claim
Deed: All
Deed Restrictions: Unknown
Number of Units: 8
Total Baths: 8
Total Full Baths: 8
Year Built: 1881
SqFt Finished Above Grade: 8900
SqFt Finished Total: 8900
SqFt Source: Public Records
Garage: No
Lot Size Acres +/-: 0.11
Source of Acreage: Public Records
Total Half Baths: 0
SqFt Finished Below Grade: 0
Garage Spaces: 0

Water Info

Water Frontage: No
Water View: No

Building Info

# Stories: 4
# Floors: 4
# Heating Units: Yes
# Water Heaters: Yes

Units

# of 1 BD Units: 4
# of 2 BD Units: 4

More Information

Unit 1

Lease: No
Level: First
Security Deposit: No
Monthly Rent: 1375
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 2

Lease: No
Level: Second
Security Deposit: No
Monthly Rent: 1375
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 3

Lease: No
Level: Third
Security Deposit: No
Monthly Rent: 1375
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 4

Lease: No
Level: Four +
Security Deposit: No
Monthly Rent: 1375
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Water: Yes
Sewer: Yes

Unit 5

Lease: No
Level: First
Security Deposit: No
Monthly Rent: 1078
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 6

Lease: No
Level: Second
Security Deposit: No
Monthly Rent: 1078
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 7

Lease: No
Level: Third
Security Deposit: No
Monthly Rent: 1078
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Unit 8

Lease: No
Level: Four +
Security Deposit: No
Monthly Rent: 1078
# Full Baths: Yes
# of Rooms: 3
# of Bedrooms: Yes
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes

Utilities

Utilities On: Yes

Levels

Three or More: Yes

Site

Level: Yes

Location

Intown: Yes

Roads

Public: Yes

Transportation

Major Road Access: Yes
Public Transport Access: Yes

Style

High Rise: Yes
Other: Yes

Construction

Wood Frame: Yes

Basement

Brick/Mortar: Yes
Unfinished: Yes

Foundation Materials

Brick/Mortar: Yes
Poured Concrete: Yes

Exterior

Vinyl Siding: Yes

Roof

Flat: Yes
Membrane: Yes

Heat System

Baseboard: Yes

Heat Fuel

Gas Natural: Yes

Income & Expenses

Gross Income: 117774
Operating Expenses: 7615

Cooling

None: Yes

Floors

Linoleum: Yes
Wood: Yes

Parking

1 - 4 Spaces: Yes
On Street: Yes

Electric

Circuit Breakers: Yes

Gas

Natural - On Site: Yes

Sewer

Public Sewer: Yes

Water

Public: Yes

Driveway

Paved: Yes

Restrictions

No Restrictions: Yes

Basement Entry

Interior: Yes

Water Heater

Electric: Yes

Window Features

Double Pane Windows: Yes

Amenities

Bathtub: Yes
Shower: Yes
Storage: Yes

Patio and Porch Features

Deck: Yes

Vehicle Storage

No Vehicle Storage: Yes

Property Features

Site: Level Location: Intown Roads: Public Transportation: Major Road Access; Public Transport Access Style: High Rise; Other Levels: Three or More Construction: Wood Frame Basement: Brick/Mortar; Unfinished Basement Entry: Interior Foundation Materials: Brick/Mortar; Poured Concrete Exterior: Vinyl Siding Roof: Flat; Membrane Heat System: Baseboard Heat Fuel: Gas Natural Water Heater: Electric Cooling: None Floors: Linoleum; Wood Window Features: Double Pane Windows Amenities: Bathtub; Shower; Storage Patio and Porch Features: Deck Driveway: Paved Parking: 1 - 4 Spaces; On Street Vehicle Storage: No Vehicle Storage Restrictions: No Restrictions Electric: Circuit Breakers Gas: Natural - On Site Sewer: Public Sewer Water: Public

Documents

Lead Paint Addendum Public Access ›

Income and expense ›

Deed Public Access ›

Property Disclosure Public Access ›

Plot Plan Public Access ›

Listing Office: Fontaine Family-The Real Estate Leader

Last Updated: October - 03 - 2026

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. Copyright ©2026 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.