227 Blake St Lewiston, ME 04240
Estimated payment $2,997/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
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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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