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"Come and explore the possibilities!"

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Multi-Family for Sale: 26 Webster Street, Lewiston, ME 04240

5 full baths
$549,000
$549,000
26 Webster Street, Lewiston, ME 04240
5 full baths
$549,000
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Price:
$549,000
$46,000 - 11/13/2024
Est. payment: Skip to Mortgage Calculator
Type Multi-Family
Style Multi-Level, New Englander
Total Baths 5 full baths
Square Feet 6,314 sqft
Lot Size 0.19 acres
Year Built 1939
Taxes Paid $4,575
City Lewiston
County Androscoggin
MLS 1604003
Status Active
DOM 65 days
Introducing an exceptional investment opportunity in the heart of a thriving rental market: a 5-unit apartment building with impressive cash flow potential. This well-maintained property offers a robust rental income stream, making it an ideal addition to any real estate portfolio. Situated in a dynamic neighborhood with strong demand for rental properties, this building benefits from a vibrant local market where vacancies are low and rental rates are on the rise. The area's steady economic growth and increasing population contribute to a favorable environment for landlords seeking reliable returns. Each unit provides ample living space and functional layouts, ensuring broad appeal to a diverse range of tenants. With a touch of TLC, this property could see significant appreciation. Updating the interiors and enhancing common areas could not only increase the rental income but also elevate the property's overall value. Whether you're a seasoned investor or just starting out, this property offers a solid foundation and promising upside. Take advantage of the current market trends and unlock the full potential of this high-cash-flow investment.

Room Features

Basement Description Full, Unfinished, Interior Entry

Lot & Building Features

Cooling None
Tax Year 2024
Taxes Paid $4,575

Unit Features

Unit 1 Full Baths 1
Unit 1 of Bedrooms 4
Unit 1 of Rooms 7
Unit 2 Full Baths 1
Unit 2 of Bedrooms 4
Unit 2 of Rooms 7
Unit 3 Full Baths 1
Unit 3 of Bedrooms 4
Unit 3 of Rooms 6
Unit 4 Full Baths 1
Unit 4 of Bedrooms 4
Unit 4 of Rooms 6
Unit 5 Full Baths 1
Unit 5 of Bedrooms 1
Unit 5 of Rooms 4

Price History of 26 Webster Street, Lewiston, ME

Date Name Price Difference
11/13/2024 Price Adjustment $549,000 7.73%
10/15/2024 Price Adjustment $595,000 4.80%
09/17/2024 Listing Price $625,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Comparable Properties Sold Near By

Low
$450,000
$71 / sqft
Average
$450,000
$71 / sqft
High
$450,000
$71 / sqft
Address City Zip Beds Baths Price Sq. Ft. $/SQFT Sold Date
This Listing Lewiston 04240 0 5.0 $549,000 6,314 $87 N/A
128 Howe Street Lewiston 04240 0 4.0 $450,000 6,339 $71 06/21/2024

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Map of 26 Webster Street, Lewiston, ME

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Listed by Hearth & Key Realty, Michael Emmert & Jeffrey Emmert 207-241-2327
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26 Webster Street (MLS #1604003) is a multi-level, new englander multi-family listing located in Lewiston, ME. This multi-family listing is 6,314 sqft and on a lot of 8,276 sqft (or 0.19 acres) and is 85 years old. This property was listed on 09/17/2024 and has been priced for sale at $549,000.

The multi-family listing at 128 Howe Street in Lewiston is nearby and sold for $450,000 on 06/21/2024.

Nearby zip codes are 04210, 04236, 04250, 04280 and 04282. This property neighbors other cities such as Auburn, Greene, Lisbon, Sabattus and Turner.

MREIS

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Hearth & Key Realty

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, non-commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. ©2024 Maine Real Estate Information System, Inc. All Rights Reserved. This web site does not display complete Maine Listings. Certain Maine Listings of other real estate brokerage firms have been excluded.