D
Seller's Agent in 2024
Dustin Mallar
Maine Source Realty
(207) 513-0373
2 in this area
61 Total Sales
125 Pierce St Lewiston, ME 04240
Downtown Lewiston Neighborhood
--
Bed
6
Baths
5,734
Sq Ft
4,356
Sq Ft Lot
Highlights
- Cape Cod Architecture
- No HOA
- Baseboard Heating
- Wood Flooring
- Zoned Heating
- 3-minute walk to Kennedy Park
About This Home
As of October 2024125 Pierce St - Lucrative 6-Unit Investment with Owner-Occupancy Option
Step into a rewarding investment opportunity with 125 Pierce St, a 6-unit property offering excellent cash flow potential. This versatile building is ideal for both seasoned investors and prospective owner-occupants seeking a stable and profitable asset.
Key Features:
Strong Cash Flow: Benefit from the reliable income generated by this property, with a solid track record of consistent rental revenue.
Owner-Occupancy Opportunity: One unit is currently vacant, presenting the unique chance for you to live in the building while enjoying income from the other five units.
Long-Term Tenants: Four of the units are occupied by tenants who have been renting for nearly a decade, reflecting the property's stability.
Modern Safety Features: Each unit is equipped with its own dedicated electrical panel and new fire extinguishers, ensuring safety and convenience for all residents.
This property offers a fantastic investment potential. Don't miss out on this exceptional opportunity at 125 Pierce St - secure your future and enhance your portfolio today!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,551
Year Built
- Built in 1891
Lot Details
- 4,356 Sq Ft Lot
- Level Lot
Home Design
- Cape Cod Architecture
- Brick Foundation
- Stone Foundation
- Wood Frame Construction
- Shingle Roof
- Wood Siding
- Asbestos Siding
- Asbestos
Interior Spaces
- 6 Full Bathrooms
- 5,734 Sq Ft Home
- 3-Story Property
Flooring
- Wood
- Laminate
- Vinyl
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior and Exterior Basement Entry
Parking
- Gravel Driveway
- Paved Parking
- Off-Street Parking
Location
- City Lot
Utilities
- No Cooling
- Zoned Heating
- Heating System Uses Oil
- Baseboard Heating
- Hot Water Heating System
- Electric Water Heater
- Internet Available
Listing and Financial Details
- Tax Lot 095
- Assessor Parcel Number LEWI-000196-000000-000095
Community Details
Overview
- No Home Owners Association
- 6 Units
Amenities
- Community Storage Space
Building Details
- Operating Expense $28,982
- Gross Income $75,600
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/29/2024 10/29/24 | Sold | $340,000 | -15.0% | $59 / Sq Ft |
| 08/26/2024 08/26/24 | Pending | -- | -- | -- |
| 08/13/2024 08/13/24 | For Sale | $399,900 | -- | $70 / Sq Ft |
Source: Maine Listings
Tax History Compared to Growth
Agents Affiliated with this Home
-
Dustin Mallar
-
Alexander Hoyt
A
Buyer's Agent in 2024
Alexander Hoyt
Real Broker
(207) 272-7816
4 in this area
40 Total Sales
Map
Source: Maine Listings
MLS Number: 1600170
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.
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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