$7,350,000

Estimated payment $43,660/month

Total Views 8,051
-- Bed
30 Baths
57,362 Sq Ft
$128 Price per Sq Ft

Highlights

  • 1.32 Acre Lot
  • No HOA
  • Level Lot
  • Wood Flooring
  • Forced Air Zoned Heating System

About This Home

Rare opportunity to acquire the iconic Jordan School, widely regarded as one of Lewiston's premier multifamily properties, ideally located just minutes from Bates College. This impressive brick landmark features 45 thoughtfully designed residential units, including 4 studio apartments, 26 one-bedroom units, and 15 two-bedroom units, along with ample on-site parking.

The property has benefited from extensive capital improvements under current ownership, including a new elevator system featuring updated controls, cab, and hydraulics, as well as replacement of both the upper and lower roofs within the past several years. Additionally, 38 units have been substantially renovated with updated flooring, kitchens, bathrooms, appliances, and other modern finishes.

Meticulously maintained and presented in exceptional condition, this trophy asset offers investors the opportunity to own a truly distinguished multifamily property with strong rental appeal and long-term value. Don't miss this chance to add one of Lewiston's finest apartment communities to your portfolio.

Listing Agent

Thomas Gadbois

F.O. Bailey Real Estate Listed on: 07/07/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $40,064

Year Built

  • Built in 1900

Lot Details

  • 1.32 Acre Lot
  • Level Lot
  • Open Lot

Home Design

  • 57,362 Sq Ft Home
  • Flat Roof Shape
  • Brick Exterior Construction
  • Membrane Roofing
  • Masonry

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 30 Full Bathrooms

Basement

  • Interior Basement Entry
  • Natural lighting in basement

Parking

  • Parking Available
  • Paved Parking

Utilities

  • No Cooling
  • Forced Air Zoned Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tax Lot 251

Community Details

Overview

  • No Home Owners Association
  • 45 Units

Building Details

  • Operating Expense $231,346
  • Gross Income $770,640

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$40,064

Year Built

Built in 1900

Lot Details

1.32 Acres

Listing Details

  • Prop. Type: Multi-Family
  • Lot Size Acres: 1.32
  • MLS Status: Active
  • Above Grade Finished Sq Ft: 57362.00
  • Architectural Style: Other
  • Garage Yn: No
  • Year Built: 1900
  • Property Information:Seasonal: No
  • Water Info:Water View2: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Interior Entry, Daylight
  • Full Bathrooms: 30
  • Flooring: Carpet, Vinyl, Wood

Exterior Features

  • Lot Features: Near Town, Neighborhood, Level, Open Lot
  • Waterfront: No
  • Construction Type: Masonry, Brick
  • Roof: Flat, Membrane

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved, 21+ Spaces

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Gas Natural, Forced Air, Zoned
  • 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: 57499.20
  • Zoning: NCB

Multi Family

  • Number Of Units Total: 45
  • Annual Gross Income: 770640.00
  • Annual Operating Expense: 231346.00

Tax Info

  • Tax Annual Amount: 40064.00
  • Tax Lot: 251
  • Tax Year: 2025

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $40,064 $1,222,200 $102,600 $1,119,600
2024 $38,829 $1,222,200 $102,600 $1,119,600
2023 $36,666 $1,222,200 $102,600 $1,119,600
2022 $34,833 $1,222,200 $102,600 $1,119,600
2021 $34,539 $1,222,200 $102,600 $1,119,600
2020 $35,040 $1,222,200 $102,600 $1,119,600
2019 $35,334 $1,222,200 $102,600 $1,119,600
2018 $35,040 $1,222,200 $102,600 $1,119,600
2017 $34,246 $1,222,200 $102,600 $1,119,600
2016 $33,659 $1,222,200 $102,600 $1,119,600
2015 $33,452 $1,222,200 $102,600 $1,119,600
2014 $32,498 $1,222,200 $102,600 $1,119,600
2013 $32,315 $1,222,200 $102,600 $1,119,600
Source: Public Records

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
07/07/2026 07/07/26 For Sale $7,350,000 +48.5% $128 / Sq Ft
05/22/2023 05/22/23 For Sale $4,950,000 0.0% $86 / Sq Ft
05/19/2023 05/19/23 Sold $4,950,000 +110.6% $86 / Sq Ft View Prior Sale
02/16/2023 02/16/23 Pending -- -- --
02/01/2023 02/01/23 Off Market $2,350,000 -- --
02/08/2018 02/08/18 For Sale $2,350,000 0.0% --
01/31/2018 01/31/18 Sold $2,350,000 -- -- View Prior Sale
10/20/2017 10/20/17 Pending -- -- --
Source: Maine Listings

Purchase 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 Type Sale Price Title Company
Quit Claim Deed $1,113,750 None Available
Quit Claim Deed -- None Available
Quit Claim Deed $3,836,250 None Available
Quit Claim Deed -- --
Source: Public Records

Mortgage 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 Status Loan Amount Loan Type
Open $200,000 Commercial
Open $625,000 Stand Alone Refi Refinance Of Original Loan
Open $3,330,000 Purchase Money Mortgage
Previous Owner $2,350,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $1,880,000 Purchase Money Mortgage
Source: Public Records

About the Listing Agent

Thomas Gadbois

F.O. Bailey Real Estate

(207) 492-5723

Section Image

Thomas Gadbois, “Tom”, is a residential and commercial broker at F.O. Bailey Real Estate. Tom, a South Portland, Maine native, provides his clients with unrivaled market knowledge and steadfast deal execution. Prior to launching his real estate business, Tom worked at his family-owned company, Eastern Carpet Cleaning, a Scarborough business in operation for over 45 years. Tom’s keen ability to foster relationships with the clientele led to a robust Maine network, and his decision to pursue a

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Source: Maine Listings

MLS Number: 1670665

Maine Listings
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