151 Horton St Lewiston, ME 04240
Estimated payment $5,053/month
Highlights
- Wood Flooring
- Porch
- Level Lot
- No HOA
- Baseboard Heating
About This Home
Well-maintained and updated 8-unit multifamily in a strong Lewiston rental market, offering a mix of stability and upside. The property features a diverse unit mix of (2) one-bedroom, (4) two-bedroom, and (2) three-bedroom units - positioning it well to attract a broad tenant base and reduce vacancy risk.
The property has seen a mix of major exterior capital improvements and ongoing interior upgrades. Key components including the roof, siding, and heating system have been updated, helping reduce near-term capital expenditure risk. Several units have been renovated with updated kitchens, flooring, and interior finishes, supporting strong tenant demand and rental performance, while leaving additional units available for future improvements and continued rent growth.
The property offers off-street parking for all units and benefits from Lewiston's continued rental demand and limited supply of larger multifamily assets. With a solid operational foundation already in place, this is a turnkey opportunity for investors seeking dependable cash flow with the ability to further optimize rents and increase long-term value.
Whether you're scaling an existing portfolio or acquiring a stabilized asset in a growing market, this building checks the boxes for both performance and potential.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,381
Year Built
- Built in 1896
Lot Details
- 9,583 Sq Ft Lot
- Level Lot
Home Design
- Flat Roof Shape
- Wood Frame Construction
- Membrane Roofing
- Vinyl Siding
Interior Spaces
- 9 Full Bathrooms
- 7,920 Sq Ft Home
- Multi-Level Property
- Unfinished Basement
- Interior Basement Entry
Flooring
- Wood
- Vinyl
Parking
- Paved Parking
- On-Site Parking
Outdoor Features
- Porch
Utilities
- No Cooling
- Baseboard Heating
- Hot Water Heating System
Listing and Financial Details
- Tax Lot 145
Community Details
Overview
- No Home Owners Association
- 8 Units
Building Details
- Operating Expense $55,628
- Gross Income $126,276
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,540 | $169,000 | $24,840 | $144,160 |
| 2024 | $5,369 | $169,000 | $24,840 | $144,160 |
| 2023 | $5,070 | $169,000 | $24,840 | $144,160 |
| 2022 | $4,190 | $147,000 | $24,840 | $122,160 |
| 2021 | $4,154 | $147,000 | $24,840 | $122,160 |
| 2020 | $4,213 | $146,940 | $24,840 | $122,100 |
| 2019 | $4,248 | $146,940 | $24,840 | $122,100 |
| 2018 | $4,213 | $146,940 | $24,840 | $122,100 |
| 2017 | $4,117 | $146,940 | $24,840 | $122,100 |
| 2016 | $4,047 | $146,940 | $24,840 | $122,100 |
| 2015 | $4,022 | $146,940 | $24,840 | $122,100 |
| 2014 | $3,907 | $146,940 | $24,840 | $122,100 |
| 2013 | $3,885 | $146,940 | $24,840 | $122,100 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/02/2026 06/02/26 | Price Changed | $850,000 | -5.5% | $107 / Sq Ft | |
| 05/04/2026 05/04/26 | For Sale | $899,000 | +19.9% | $114 / Sq Ft | |
| 05/08/2023 05/08/23 | Sold | $750,000 | -1.2% | $142 / Sq Ft | View Prior Sale |
| 03/06/2023 03/06/23 | Pending | -- | -- | -- | |
| 03/02/2023 03/02/23 | For Sale | $759,000 | +209.8% | $144 / Sq Ft | |
| 10/17/2019 10/17/19 | Sold | $245,000 | -35.9% | $46 / Sq Ft | View Prior Sale |
| 09/23/2019 09/23/19 | Pending | -- | -- | -- | |
| 07/12/2019 07/12/19 | For Sale | $382,000 | -- | $72 / Sq Ft |
Source: Maine Listings
MLS Number: 1660474
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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