NOT LISTED FOR SALE

188 Oak St Lewiston, ME 04240

Estimated Value: $393,000 - $424,144

7 Beds
3 Baths
3,611 Sq Ft
$114/Sq Ft Est. Value

Last Sold October 02, 2024

Last sale price $400,000 $111 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $2,366/month

5 Days on Market

Highlights

  • Property is near golf course and public transit
  • Main Floor Bedroom
  • Screened Porch
  • Wood Flooring
  • No HOA
  • Baseboard Heating

About This Home

As of October 2024

Welcome to Lewiston's newest income producing investment. Close to Bates and with 5 years of no vacancy

This three unit has 2-2 bedroom units, and a spacious 3 bedroom unit, a spacious backyard and off-street parking. Monthly rent of over $4,100, and a gross income close to $50k a year and low monthly expenses, this Lewiston property is just waiting to be added to your portfolio!

Units have all had extensive updates within the last few years and building is within walking distance to Bates and CMMC!

Last Agent to Sell the Property

Joshua Cousineau

Real Broker Brokerage Phone: 207-212-1523 Listed on: 08/15/2024

Real Broker

Last Buyer's Agent

Daniel Weber Nicholas Laverriere

Keller Williams Realty

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,685

Year Built

  • Built in 1880

Lot Details

  • 5,227 Sq Ft Lot
  • Level Lot
  • Open Lot

Home Design

  • Wood Frame Construction
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 3,611 Sq Ft Home
  • 3-Story Property
  • Screened Porch

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 3 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • Driveway
  • Paved Parking

Location

  • Property is near golf course and public transit
  • City Lot

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Baseboard Heating

Listing and Financial Details

  • Tax Lot 463
  • Assessor Parcel Number LEWI-000194-000000-000463

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $10,776
  • Gross Income $49,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,685

Year Built

Built in 1880

Lot Details

5,227 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.12
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: GPS Friendly
  • Above Grade Finished Sq Ft: 3611.0
  • Architectural Style: Multi-Level
  • Garage Yn: No
  • Year Built: 1880
  • Attribution Contact: 207-212-1523
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 110.47
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.12
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 3611.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Heat System:Baseboard: Yes
  • Cooling:None3: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Exterior:Vinyl Siding: Yes
  • Gas:Natural - On Site: Yes
  • Basement:Unfinished: Yes
  • Roof:Metal: Yes
  • Heat Fuel:Gas Natural: Yes
  • Property Information:Number of Units: 3
  • Income Expenses Gross Income: 49800.0
  • Income Expenses Operating Expenses: 10776.24
  • Style:Multi-Level: Yes
  • Property Information:Short Sale Continue to Show: No
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Transportation:Public Transport Access: Yes
  • Building Info:_pound_ Floors3: 3
  • Patio and Porch Features:Porch-Screened: Yes
  • Advertising Remarks:Advertising Remarks: Welcome to Lewiston's newest income producing investment. Close to Bates and with 5 years of no vacancy This three unit has 2-2 bedroom units, and a spacious 3 bedroom unit, a spacious backyard and off-street parking. Monthly rent of over $4,100, and a gross income close to $50k a year and low monthly expenses, this Lewiston property is just waiting to be added to your portfolio! Units have all had extensive updates within the last few years and building is within walking distance to Bates and CMMC! Call/Text Josh- 207-212-1523
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full, Interior Entry, Unfinished
  • Full Bathrooms: 3
  • Flooring: Wood, Vinyl
  • Interior Amenities: 1st Floor Bedroom
  • Stories: 3
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Intown, Near Golf Course, Near Shopping, Near Turnpike/Interstate, Near Public Transit
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Patio And Porch Features: Screened
  • Roof: Metal

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Lewiston Public Schools

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 5227.2
  • Parcel #: LEWI-000194-000000-000463
  • Zoning: NCB

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 49800.0
  • Annual Operating Expense: 10776.24

Tax Info

  • Tax Annual Amount: 2685.0
  • Tax Lot: 463
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 24, 2025
Sold by
Nyota Pamela
Bought by
Maendeleo Llc
Current Estimated Value
$412,286

Purchase Details

Listed on
Aug 15, 2024
Closed on
Oct 2, 2024
Sold by
Woodland Properties Llc
Bought by
Nyota Pamela
Seller's Agent
Joshua Cousineau
Real Broker
Buyer's Agent
Daniel Weber Nicholas Laverriere
Keller Williams Realty
List Price
$398,900
Sold Price
$400,000
Premium/Discount to List
$1,100
0.28%
Views
1

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.12%
Original Mortgage
$320,000
Interest Rate
6.46%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Dec 9, 2011
Closed on
Mar 5, 2012
Sold by
Pike Marie E and Pike Brian E
Bought by
Dumont Roland M
Seller's Agent
Kelly Barrett
CENTURY 21 Advantage
Buyer's Agent
Kelly Barrett
Better Homes & Gardens Real Estate/The Masiello Group
List Price
$139,900
Sold Price
$135,000
Premium/Discount to List
-$4,900
-3.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.00%
Original Mortgage
$131,577
Interest Rate
3.88%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Maendeleo Llc -- None Available
Maendeleo Llc -- None Available
Nyota Pamela $400,000 None Available
Nyota Pamela $400,000 None Available
Nyota Pamela $400,000 None Available
Dumont Roland M -- --
Dumont Roland M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nyota Pamela $320,000
Previous Owner Dumont Roland M $131,577
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/02/2024 10/02/24 Sold $400,000 +0.3% $111 / Sq Ft
08/20/2024 08/20/24 Pending -- -- --
08/15/2024 08/15/24 For Sale $398,900 +195.5% $110 / Sq Ft
03/01/2012 03/01/12 Sold $135,000 -3.5% $45 / Sq Ft View Prior Sale
01/27/2012 01/27/12 Pending -- -- --
12/12/2011 12/12/11 For Sale $139,900 -- $47 / Sq Ft
Source: Maine Listings

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 $2,934 $89,500 $12,600 $76,900
2024 $2,843 $89,500 $12,600 $76,900
2023 $2,685 $89,500 $12,600 $76,900
2022 $2,551 $89,500 $12,600 $76,900
2021 $2,529 $89,500 $12,600 $76,900
2020 $2,566 $89,500 $12,600 $76,900
2019 $2,523 $87,260 $12,600 $74,660
2018 $2,502 $87,260 $12,600 $74,660
2017 $2,283 $81,480 $12,600 $68,880
2016 $2,244 $81,480 $12,600 $68,880
2015 $2,230 $81,480 $12,600 $68,880
2014 $2,167 $81,480 $12,600 $68,880
2013 $2,154 $81,480 $12,600 $68,880
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1600439

Maine Listings

APN: LEWI-000194-000000-000463

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