Seller's Agent in 2025
Veronica Schneider
Portside Real Estate Group
(207) 838-4034
17 in this area
114 Total Sales
187 East Ave Lewiston, ME 04240
--
Bed
2
Baths
2,452
Sq Ft
0.34
Acres
Highlights
- Deck
- Wood Flooring
- Main Floor Bedroom
- Property is near public transit
- New Englander Architecture
- No HOA
About This Home
As of May 2025Presenting an exceptional investment opportunity: a meticulously maintained two-unit building, each featuring three spacious bedrooms. This property boasts a robust tenant history and attractive amenities, making it an appealing choice for savvy investors as well as those in search of a roomy multi-family residence. The expansive floor plans offer generous living space, with each unit designed to meet the needs of its occupants. The building is equipped with efficient natural gas heating, ensuring reliable warmth and comfort for all residents, which is a significant advantage for both tenants and property owners alike. What makes this offer even more enticing is the inclusion of an additional lot located at 40 Tampa Street, which adds considerable value to the overall property. With a strong track record of reliable tenants, this building promises a consistent rental income stream, making it a smart investment option. The dependable cash flow and established history provide confidence for investors looking for a profitable opportunity. Located in a sought-after area, this property offers easy access to a variety of amenities, including shopping, dining, and entertainment options. Its convenient proximity to transportation hubs and major thoroughfares makes commuting and travel a breeze. Whether you are an investor aiming for a lucrative income-generating property or a homeowner wanting to create additional revenue, this two-unit building is the perfect fit.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,766
Year Built
- Built in 1927
Lot Details
- 0.34 Acre Lot
- Level Lot
- Open Lot
Parking
- Gravel Driveway
Home Design
- New Englander Architecture
- Flat Roof Shape
- Concrete Foundation
- Wood Frame Construction
- Asbestos Siding
- Asbestos
- Concrete Perimeter Foundation
Interior Spaces
- 2,452 Sq Ft Home
- 2-Story Property
- Home Security System
- Washer and Dryer Hookup
Flooring
- Wood
- Carpet
- Vinyl
Bedrooms and Bathrooms
- Main Floor Bedroom
- 2 Full Bathrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Outdoor Features
- Deck
Location
- Property is near public transit
- City Lot
Utilities
- No Cooling
- Zoned Heating
- Heating System Uses Natural Gas
- Baseboard Heating
Listing and Financial Details
- Tax Lot 328
- Assessor Parcel Number LEWI-000174-000000-000328
Community Details
Overview
- No Home Owners Association
- 2 Units
Amenities
- Community Storage Space
Building Details
- Operating Expense $12,500
- Gross Income $48,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 26, 2025
Closed on
May 9, 2025
Sold by
187 East Llc
Bought by
Nsengiyumva Francoise
Seller's Agent
Veronica Schneider
Portside Real Estate Group
Buyer's Agent
Sierra Lemieux
Fontaine Family-The Real Estate Leader
List Price
$399,900
Sold Price
$410,000
Premium/Discount to List
$10,100
2.53%
Views
4
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,869
Avg. Annual Appreciation
5.04%
Original Mortgage
$402,573
Outstanding Balance
$400,786
Interest Rate
6.65%
Mortgage Type
FHA
Estimated Equity
$21,083
Purchase Details
Listed on
May 15, 2023
Closed on
Jun 21, 2023
Sold by
Pieris Properties Llc
Bought by
187 East Llc
Seller's Agent
Clayton Larochelle
Fontaine Family-The Real Estate Leader
Buyer's Agent
Veronica Schneider
Downeast Realty, Inc.
List Price
$275,000
Sold Price
$300,000
Premium/Discount to List
$25,000
9.09%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.08%
Purchase Details
Listed on
Nov 30, 2011
Closed on
Mar 29, 2012
Sold by
Saint Mary Reg Med Ctr
Bought by
Pieris Props Llc
Seller's Agent
Jane Cyr
Better Homes & Gardens Real Estate/The Masiello Group
Buyer's Agent
Kathy Harris
Portside Real Estate Group
List Price
$89,900
Sold Price
$75,000
Premium/Discount to List
-$14,900
-16.57%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.13%
Purchase Details
Closed on
Oct 3, 2011
Sold by
Saint Marys Health System
Bought by
Saint Marys Reg Med Ctr
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $410,000 | None Available | |
| Warranty Deed | $410,000 | None Available | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $402,573 | FHA | |
| Closed | $402,573 | FHA |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/09/2025 05/09/25 | Sold | $410,000 | +2.5% | $167 / Sq Ft | |
| 03/03/2025 03/03/25 | Pending | -- | -- | -- | |
| 02/26/2025 02/26/25 | For Sale | $399,900 | +33.3% | $163 / Sq Ft | |
| 06/22/2023 06/22/23 | Sold | $300,000 | +9.1% | $122 / Sq Ft | View Prior Sale |
| 05/24/2023 05/24/23 | Pending | -- | -- | -- | |
| 05/15/2023 05/15/23 | For Sale | $275,000 | +266.7% | $112 / Sq Ft | |
| 03/30/2012 03/30/12 | Sold | $75,000 | -16.6% | $31 / Sq Ft | View Prior Sale |
| 03/02/2012 03/02/12 | Pending | -- | -- | -- | |
| 12/07/2011 12/07/11 | For Sale | $89,900 | -- | $37 / Sq Ft |
Source: Maine Listings
Tax History Compared to Growth
Tax History
| 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 | $2,854 | $87,060 | $17,880 | $69,180 |
| 2024 | $2,766 | $87,060 | $17,880 | $69,180 |
| 2023 | $2,612 | $87,060 | $17,880 | $69,180 |
| 2022 | $2,481 | $87,060 | $17,880 | $69,180 |
| 2021 | $2,460 | $87,060 | $17,880 | $69,180 |
| 2020 | $2,496 | $87,060 | $17,880 | $69,180 |
| 2019 | $2,517 | $87,060 | $17,880 | $69,180 |
| 2018 | $2,496 | $87,060 | $17,880 | $69,180 |
| 2017 | $2,439 | $87,060 | $17,880 | $69,180 |
| 2016 | $2,398 | $87,060 | $17,880 | $69,180 |
| 2015 | $2,383 | $87,060 | $17,880 | $69,180 |
| 2014 | $2,315 | $87,060 | $17,880 | $69,180 |
| 2013 | $2,302 | $87,060 | $17,880 | $69,180 |
Source: Public Records
Agents Affiliated with this Home
-
Veronica Schneider
-
Sierra Lemieux
Buyer's Agent in 2025
Sierra Lemieux
Fontaine Family-The Real Estate Leader
(207) 376-7255
33 in this area
131 Total Sales
-
Clayton Larochelle
Seller's Agent in 2023
Clayton Larochelle
Fontaine Family-The Real Estate Leader
(207) 576-6524
86 in this area
251 Total Sales
-
Jane Cyr
Seller's Agent in 2012
Jane Cyr
Better Homes & Gardens Real Estate/The Masiello Group
(207) 740-6934
49 in this area
127 Total Sales
-
Kathy Harris
Buyer's Agent in 2012
Kathy Harris
Portside Real Estate Group
(207) 754-7257
5 in this area
76 Total Sales
Map
Source: Maine Listings
MLS Number: 1615036
APN: LEWI-000174-000000-000328
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