NOT LISTED FOR SALE

119 Pierce St Lewiston, ME 04240

-- Bed
7.5 Baths
5,134 Sq Ft
4,792 Sq Ft Lot

Last Sold August 28, 2023

Last sale price $585,000 $114 Per Sq Ft

7 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Heating System
  • Asbestos
  • No HOA
  • Hot Water Heating System
  • 3-minute walk to Kennedy Park

About This Home

As of August 2023

Huge cash flowing 3 unit + a single family house for additional income or occupancy. This is a 3-unit with 5 (FIVE!) bedrooms and 2 baths in each unit. PLUS a HOUSE with 3bds/1.5 baths. The house is vacant and ready to be rented for income or used by an owner occupant. Fully occupied income yields a cap rate over 11%.

Last Agent to Sell the Property

Brit Vitalius

Vitalius Real Estate Group, LLC Listed on: 07/14/2023

Co-Listed By

Chris Sullivan

Vitalius Real Estate Group, LLC

Last Buyer's Agent

Megan Bingman

Dream Home Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,010

Year Built

  • Built in 1921

Lot Details

  • 4,792 Sq Ft Lot
  • Level Lot
  • Open Lot

Parking

  • Gravel Driveway

Home Design

  • Flat Roof Shape
  • Wood Frame Construction
  • Shingle Roof
  • Asbestos Siding
  • Vinyl Siding
  • Asbestos

Interior Spaces

  • 5,134 Sq Ft Home
  • Multi-Level Property
  • Unfinished Basement
  • Interior Basement Entry

Flooring

  • Wood
  • Tile
  • Vinyl

Location

  • City Lot

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 096
  • Assessor Parcel Number LEWI-000196-000000-000096

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Operating Expense $16,078
  • Gross Income $74,868

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,010

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.11
  • Road Surface Type: Paved
  • Co List Office Mls Id: 2698
  • Co List Office Phone: 207-541-3755
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 5134.0
  • Architectural Style: Multi-Level
  • Garage Yn: No
  • Year Built: 1921
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.11
  • Property Information:Total Baths: 8.0
  • Property Information:SqFt Finished Above Grade: 5134.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Forced Air: Yes
  • Heat System:Hot Water: Yes
  • Cooling:None3: Yes
  • Floors:Tile2: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Water Heater:Gas: Yes
  • Exterior:Vinyl Siding: Yes
  • Basement:Unfinished: Yes
  • Heat Fuel:Gas Natural: Yes
  • Property Information:Number of Units: 4
  • Income Expenses Gross Income: 74868.0
  • Income Expenses Operating Expenses: 16078.0
  • Style:Multi-Level: Yes
  • Gas:Natural - At Street: Yes
  • Driveway:Gravel: Yes
  • Exterior:Asbestos: Yes
  • Roof:Flat: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Interior Entry, Unfinished
  • Full Bathrooms: 7
  • Half Bathrooms: 1
  • Flooring: Wood, Vinyl, Tile

Exterior Features

  • Lot Features: Level, Open Lot, Sidewalks, Intown, Near Turnpike/Interstate, Near Town
  • Waterfront: No
  • Construction Type: Vinyl Siding, Asbestos, Wood Frame
  • Roof: Flat, Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Gravel

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Forced Air
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4791.6
  • Parcel #: LEWI-000196-000000-000096
  • Zoning: DR

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 74868.0
  • Annual Operating Expense: 16078.0

Tax Info

  • Tax Annual Amount: 3010.0
  • Tax Book Number: 8974
  • Tax Lot: 096
  • Tax Map Number: 196
  • Tax Year: 2023

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/28/2023 08/28/23 Sold $585,000 +17.2% $114 / Sq Ft
07/21/2023 07/21/23 Pending -- -- --
07/14/2023 07/14/23 For Sale $499,000 -- $97 / Sq Ft
Source: Maine Listings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Brit Vitalius

    Seller's Agent in 2023

    Brit Vitalius

    Vitalius Real Estate Group, LLC

    (207) 318-2555

    176 Total Sales

    Brit Vitalius
    Section Image
  • Chris Sullivan

    Seller Co-Listing Agent in 2023

    Chris Sullivan

    Vitalius Real Estate Group, LLC

    (207) 730-0884

    129 Total Sales

    Chris Sullivan
    Section Image

  • M

    Buyer's Agent in 2023

    Megan Bingman

    Dream Home Realty LLC

    (207) 300-4663

    19 Total Sales

    Megan Bingman
    Section Image
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Map

Source: Maine Listings

MLS Number: 1565303

Maine Listings
Maine Androscoggin County Lewiston 04240

119 Pierce St, Lewiston, ME

This home is located at 119 Pierce St, Lewiston, ME 04240 since 14 July 2023. This property was built in 1921. 119 Pierce St is a home located in Androscoggin County with nearby schools including Governor James B Longley Elementary School, Lewiston Middle School, and Lewiston High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Maine Listings Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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