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Multi-Family for Sale: 50 Knox Street, Lewiston, ME 04240 SOLD

8 full baths
$450,000
$450,000
50 Knox Street, Lewiston, ME 04240 SOLD
8 full baths
$450,000
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Selling Price: $450,000
Original List Price: $525,000
Sold at 85.7% of list price
Sold Date: 12/16/2024
Type Multi-Family
Style Multi-Level
Baths 8 full baths
Square Feet 10,265 sqft
Lot Size 0.13 acres
Year Built 1881
Taxes Paid $3,141
City Lewiston
County Androscoggin
MLS 1601822
Status Closed
DOM 110 days
SELLER CONCESSIONS AVAILABLE! Investors, you won't want to miss this 8-unit multifamily property in Lewiston boasting a 12.33% cap rate. With three vacancies and recent, modest renovations in some units, this property is positioned for strong financial performance, turn-key cash flow, and significant value-add potential. The new roof in 2022 adds to the long-term stability, while opportunities for upgrades in the remaining units offer a clear path to increased equity. This property is ideal for investors looking to grow their portfolio with a focus on long-term gains. Able to be purchased with additional 8-Unit located at 54 Knox (MLS #1801823)

Room Features

Basement Description Dirt Floor, Unfinished, Interior Entry, Full

Lot & Building Features

Cooling None
Tax Year 2023
Taxes Paid $3,141

Unit Features

Unit 1 Full Baths 1
Unit 1 of Bedrooms 3
Unit 1 of Rooms 5
Unit 2 Full Baths 1
Unit 2 of Bedrooms 3
Unit 2 of Rooms 5
Unit 3 Full Baths 1
Unit 3 of Bedrooms 3
Unit 3 of Rooms 5
Unit 4 Full Baths 1
Unit 4 of Bedrooms 3
Unit 4 of Rooms 5
Unit 5 Full Baths 1
Unit 5 of Bedrooms 2
Unit 5 of Rooms 4
Unit 6 Full Baths 1
Unit 6 of Bedrooms 2
Unit 6 of Rooms 4
Unit 7 Full Baths 1
Unit 7 of Bedrooms 2
Unit 7 of Rooms 4
Unit 8 Full Baths 1
Unit 8 of Bedrooms 2
Unit 8 of Rooms 4

Price History of 50 Knox Street, Lewiston, ME

Date Name Price Difference
08/28/2024 Listing Price $450,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

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Listed by Keller Williams Realty, Tyler Stewart 207-879-9800
Sold by Keller Williams Realty, Michael Hamilton 207-879-9800
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6.75%
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All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Keller Williams 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. ©2025 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.