219 Pine St Lewiston, ME 04240
Estimated payment $2,846/month
Highlights
- No HOA
- Asbestos
- Carpet
- Baseboard Heating
About This Home
Unlock strong cash flow and value with this well-located 6-unit multifamily in the heart of Lewiston. Priced at $475,000, this property features three 2-bedroom units and three 1-bedroom units, offering a solid rental mix and consistent demand. The building is income-producing from day one, giving the next owner an immediate return. While the property could use some cosmetic updates and attention to the front porch beams, it's priced accordingly—creating an excellent value-add opportunity with room to increase income and equity quickly. Conveniently positioned near downtown amenities, public transit, and local employers, this property is an ideal fit for both new and experienced investors.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,199
Year Built
- Built in 1921
Home Design
- Wood Frame Construction
- Membrane Roofing
- Asbestos
Interior Spaces
- 6 Full Bathrooms
- 4,440 Sq Ft Home
- 3-Story Property
- Carpet
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Utilities
- No Cooling
- Baseboard Heating
- Hot Water Heating System
Additional Features
- 4,792 Sq Ft Lot
- City Lot
Listing and Financial Details
- Tax Lot 146
- Assessor Parcel Number LEWI-000195-000000-000146
Community Details
Overview
- No Home Owners Association
- 6 Units
Building Details
- Operating Expense $15,830
- Gross Income $75,720
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/18/2025 11/18/25 | Pending | -- | -- | -- |
| 11/18/2025 11/18/25 | For Sale | $475,000 | -- | $107 / Sq Ft |
Source: Maine Listings
MLS Number: 1643787
