219 Pine St Lewiston, ME 04240
Estimated payment $2,819/month
Highlights
- No HOA
- Baseboard Heating
- Carpet
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
Lot Details
- 4,792 Sq Ft Lot
Home Design
- Membrane Roofing
Interior Spaces
- 6 Full Bathrooms
- 4,440 Sq Ft Home
- 3-Story Property
- Carpet
- Interior Basement Entry
Utilities
- No Cooling
- Baseboard Heating
- Hot Water Heating System
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
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 | $4,199 | $128,100 | $17,040 | $111,060 |
| 2024 | $4,070 | $128,100 | $17,040 | $111,060 |
| 2023 | $3,843 | $128,100 | $17,040 | $111,060 |
| 2022 | $3,651 | $128,100 | $17,040 | $111,060 |
| 2021 | $3,620 | $128,100 | $17,040 | $111,060 |
| 2020 | $3,671 | $128,040 | $17,040 | $111,000 |
| 2019 | $3,702 | $128,040 | $17,040 | $111,000 |
| 2018 | $3,671 | $128,040 | $17,040 | $111,000 |
| 2017 | $3,588 | $128,040 | $17,040 | $111,000 |
| 2016 | $3,526 | $128,040 | $17,040 | $111,000 |
| 2015 | $3,504 | $128,040 | $17,040 | $111,000 |
| 2014 | $3,405 | $128,040 | $17,040 | $111,000 |
| 2013 | $3,385 | $128,040 | $17,040 | $111,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/06/2026 01/06/26 | For Sale | $475,000 | 0.0% | $107 / 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
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Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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