227 Blake St Lewiston, ME 04240
Estimated payment $2,981/month
Highlights
- Additional Residence on Property
- No HOA
- Hot Water Heating System
- Colonial Architecture
- Forced Air Heating System
- 4-minute walk to Kennedy Park
About This Home
This five-unit building brings in $75,240 in gross annual income and offers: two 2-bedrooms and three 4-bedrooms. Rents are stable, demand is steady, and the building has a proven rental history. Off-street parking is a major plus in this part of town, and the property has been consistently profitable- making it a smart addition to any growing portfolio. Whether you're a seasoned investor or looking to scale, this one checks the boxes. Property offers an increase of gross income to over $100,000 in 2026!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,350
Year Built
- Built in 1875
Home Design
- Colonial Architecture
- Pitched Roof
- Shingle Roof
Interior Spaces
- 5 Full Bathrooms
- 3,478 Sq Ft Home
- 3-Story Property
- Interior Basement Entry
Flooring
- Carpet
- Vinyl
Utilities
- No Cooling
- Forced Air Heating System
- Hot Water Heating System
Additional Features
- Doors are 32 inches wide or more
- 4,792 Sq Ft Lot
- Additional Residence on Property
Listing and Financial Details
- Tax Lot 224
- Assessor Parcel Number LEWI-000196-000000-000224
Community Details
Overview
- No Home Owners Association
- 5 Units
Building Details
- Operating Expense $19,306
- Gross Income $75,240
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 | $3,350 | $102,200 | $17,040 | $85,160 |
| 2024 | $3,247 | $102,200 | $17,040 | $85,160 |
| 2023 | $3,066 | $102,200 | $17,040 | $85,160 |
| 2022 | $2,913 | $102,200 | $17,040 | $85,160 |
| 2021 | $2,888 | $102,200 | $17,040 | $85,160 |
| 2020 | $2,930 | $102,200 | $17,040 | $85,160 |
| 2019 | $2,661 | $92,060 | $17,040 | $75,020 |
| 2018 | $2,639 | $92,060 | $17,040 | $75,020 |
| 2017 | $2,580 | $92,060 | $17,040 | $75,020 |
| 2016 | $2,535 | $92,060 | $17,040 | $75,020 |
| 2015 | $2,520 | $92,060 | $17,040 | $75,020 |
| 2014 | $2,448 | $92,060 | $17,040 | $75,020 |
| 2013 | $2,434 | $92,060 | $17,040 | $75,020 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/19/2026 01/19/26 | Price Changed | $525,000 | -3.7% | $151 / Sq Ft | |
| 11/18/2025 11/18/25 | For Sale | $545,000 | +316.0% | $157 / Sq Ft | |
| 11/18/2019 11/18/19 | Sold | $131,000 | -12.7% | $44 / Sq Ft | View Prior Sale |
| 09/21/2019 09/21/19 | Pending | -- | -- | -- | |
| 02/18/2019 02/18/19 | For Sale | $150,000 | -- | $50 / Sq Ft |
Source: Maine Listings
MLS Number: 1643853
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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