NOT LISTED FOR SALE

203 Oak St Lewiston, ME 04240

Estimated Value: $355,000 - $443,000

8 Beds
3 Baths
2,784 Sq Ft
$144/Sq Ft Est. Value

Sale Details

Date Sold: September 11, 2024

Last sale price $400,000 $144 Per Sq Ft

Current estimated payment $2,478 / mo

4 Days on Market

Highlights

  • Deck
  • New Englander Architecture
  • No HOA
  • Wood Flooring
  • Main Floor Bedroom
  • 2 Car Detached Garage

About This Home

As of September 2024

Three-Unit Apartment Building in the Heart of Lewiston
Prime Location: Situated directly across from Central Maine Medical Center, this versatile three-unit apartment building offers an exceptional opportunity for both investors and potential owner-occupiers. Its central location is just minutes away from shopping, dining, Bates College, and all the amenities that Lewiston has to offer. Property Highlights: Unit Breakdown: The building includes one spacious 2-bedroom unit and two generous 3-bedroom units, providing ample living space for tenants. The first-floor unit is currently vacant, making it an ideal choice for an owner-occupant who wants to live comfortably while earning rental income from the other two units. Parking & Storage: The property features off-street parking for multiple vehicles, adding convenience for tenants and owners alike. Additionally, there is a detached two-car garage on-site, offering valuable storage space. While the garage does require some TLC, it presents a great opportunity for customization or expansion. Rental History: With a strong rental history, this property is a reliable income-generator. The proximity to key local landmarks, including Bates College and Central Maine Medical Center, ensures a steady stream of potential tenants. Investment Potential: Whether you're looking to expand your investment portfolio or find a new home with income potential, this property ticks all the boxes. Its location in a high-demand area, combined with the versatility of the units, makes it a rare find in Lewiston. Don't miss out on this fantastic opportunity! Contact us today to schedule a showing and see all that this property has to offer.

Last Agent to Sell the Property

Faith Fontaine

Keller Williams Realty Listed on: 08/09/2024

Keller Williams Realty

Last Buyer's Agent

Colette Couter

Berkshire Hathaway HomeServices Northeast Real Estate

Berkshire Hathaway HomeServices Northeast Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,561

Year Built

  • Built in 1864

Lot Details

  • 4,792 Sq Ft Lot
  • Level Lot
  • Open Lot

Parking

  • 2 Car Detached Garage
  • Driveway
  • On-Street Parking
  • Off-Street Parking

Home Design

  • New Englander Architecture
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,784 Sq Ft Home
  • 3-Story Property
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 3 Full Bathrooms
  • Bathtub
  • Shower Only

Unfinished Basement

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

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Hot Water Heating System
  • Electric Water Heater

Additional Features

  • Deck
  • City Lot

Listing and Financial Details

  • Tax Lot 420
  • Assessor Parcel Number LEWI-000194-000000-000420

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $10,354
  • Gross Income $55,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,561

Year Built

Built in 1864

Lot Details

4,792 Sq Ft Lot

Parking

2

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.11
  • MLS Status: Closed
  • Directions: GPS Friendly
  • Above Grade Finished Sq Ft: 2784.0
  • Architectural Style: Multi-Level, New Englander
  • Garage Yn: Yes
  • Building Stories: 3
  • Year Built: 1864
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 143.64
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.11
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 2784.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Cooling:None3: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Property Information:Garage Spaces: 2.0
  • Exterior:Vinyl Siding: Yes
  • Water Heater:Electric2: Yes
  • Amenities:Laundry - Hookup: Yes
  • Amenities:Shower: Yes
  • Vehicle Storage:Detached: Yes
  • Basement:Unfinished: Yes
  • Heat Fuel:Gas Natural: Yes
  • Floors:Laminate: Yes
  • Property Information:Number of Units: 3
  • Foundation Materials:Stone: Yes
  • Building Info:_pound_ Stories2: 3
  • Income Expenses Gross Income: 55200.0
  • Income Expenses Operating Expenses: 10353.93
  • Style:Multi-Level: Yes
  • Amenities:Bathtub: Yes
  • Gas:Natural - At Street: Yes
  • Property Information:Short Sale Continue to Show: No
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Style:New Englander: Yes
  • Parking:On Street: Yes
  • Building Info:_pound_ Floors3: 3
  • Advertising Remarks:Advertising Remarks: Three-Unit Apartment Building in the Heart of Lewiston Prime Location: Situated directly across from Central Maine Medical Center, this versatile three-unit apartment building offers an exceptional opportunity for both investors and potential owner-occupiers. Its central location is just minutes away from shopping, dining, Bates College, and all the amenities that Lewiston has to offer. Property Highlights: Unit Breakdown: The building includes one spacious 2-bedroom unit and two generous 3-bedroom units, providing ample living space for tenants. The first-floor unit is currently vacant, making it an ideal choice for an owner-occupant who wants to live comfortably while earning rental income from the other two units. Parking & Storage: The property features off-street parking for multiple vehicles, adding convenience for tenants and owners alike. Additionally, there is a detached two-car garage on-site, offering valuable storage space. While the garage does require some TLC, it presents a great opportunity for customization or expansion. Rental History: With a strong rental history, this property is a reliable income-generator. The proximity to key local landmarks, including Bates College and Central Maine Medical Center, ensures a steady stream of potential tenants. Investment Potential: Whether you're looking to expand your investment portfolio or find a new home with income potential, this property ticks all the boxes. Its location in a high-demand area, combined with the versatility of the units, makes it a rare find in Lewiston. Don't miss out on this fantastic opportunity! Contact us today to schedule a showing and see all that this property has to offer.
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Has Basement: Full, Interior Entry, Unfinished
  • Full Bathrooms: 3
  • Fireplace: No
  • Flooring: Wood, Vinyl, Laminate
  • Interior Amenities: 1st Floor Bedroom, Bathtub, Other, Shower
  • Stories: 3
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Intown
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Stone, Other
  • Patio And Porch Features: Deck
  • Roof: Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: 1 - 4 Spaces, Paved, Detached, Off Street, On Street

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Baseboard
  • 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: 4791.6
  • Parcel #: LEWI-000194-000000-000420
  • Zoning: NCB

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 55200.0
  • Annual Operating Expense: 10353.93

Tax Info

  • Tax Annual Amount: 3561.0
  • Tax Lot: 420
  • Tax Year: 2023

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Aug 9, 2024
Closed on
Sep 11, 2024
Sold by
Bought by
Seller's Agent
Faith Fontaine
Keller Williams Realty
Buyer's Agent
Colette Couter
Berkshire Hathaway HomeServices Northeast Real Estate
List Price
$399,900
Sold Price
$400,000
Premium/Discount to List
$100
0.03%
Views
4
Current Estimated Value
$399,638

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$362
Avg. Annual Appreciation
-0.05%
Original Mortgage
$320,000
Outstanding Balance
$316,281
Interest Rate
6.73%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$83,357

Purchase Details

Listed on
May 10, 2021
Closed on
Jul 13, 2021
Sold by
Bought by
Seller's Agent
Jeanne Martin
Berkshire Hathaway HomeServices Northeast Real Estate
Buyer's Agent
Faith Fontaine
Keller Williams Realty
List Price
$250,000
Sold Price
$270,000
Premium/Discount to List
$20,000
8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.20%
Original Mortgage
$229,500
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Apr 14, 2018
Closed on
Sep 12, 2018
Sold by
Bought by
Seller's Agent
Kristen Roy
Elevate Maine Realty
Buyer's Agent
Dustin Boutin
Magnusson Balfour Commercial & Business Brokers
List Price
$179,000
Sold Price
$169,500
Premium/Discount to List
-$9,500
-5.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.61%
Original Mortgage
$128,000
Interest Rate
4.6%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 21, 2016
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,175
Interest Rate
3.42%
Mortgage Type
Purchase Money Mortgage
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 Buyer Sale Price Title Company
$400,000 None Available
$400,000 None Available
-- None Available
-- None Available
-- --
-- --
-- --
-- --
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 Borrower Loan Amount
Open $320,000
Closed $320,000
Previous Owner $229,500
Previous Owner $128,000
Previous Owner $86,175
Previous Owner $128,000
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
09/11/2024 09/11/24 Sold $400,000 0.0% $144 / Sq Ft
08/13/2024 08/13/24 Pending -- -- --
08/09/2024 08/09/24 For Sale $399,900 +48.1% $144 / Sq Ft
07/13/2021 07/13/21 Sold $270,000 +8.0% $97 / Sq Ft View Prior Sale
05/14/2021 05/14/21 Pending -- -- --
05/10/2021 05/10/21 For Sale $250,000 +47.5% $90 / Sq Ft
08/30/2018 08/30/18 Sold $169,500 -5.3% $61 / Sq Ft View Prior Sale
06/25/2018 06/25/18 Pending -- -- --
04/14/2018 04/14/18 For Sale $179,000 -- $64 / Sq Ft
Source: Maine Listings

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 $3,891 $118,700 $12,480 $106,220
2024 $3,771 $118,700 $12,480 $106,220
2023 $3,561 $118,700 $12,480 $106,220
2022 $3,383 $118,700 $12,480 $106,220
2021 $3,354 $118,700 $12,480 $106,220
2020 $3,403 $118,700 $12,480 $106,220
2019 $3,432 $118,700 $12,480 $106,220
2018 $3,403 $118,700 $12,480 $106,220
2017 $2,369 $84,540 $12,480 $72,060
2016 $2,328 $84,540 $12,480 $72,060
2015 $2,314 $84,540 $12,480 $72,060
2014 $2,248 $84,540 $12,480 $72,060
2013 $2,235 $84,540 $12,480 $72,060
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1599861

Maine Listings

APN: LEWI-000194-000000-000420

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