$350,000
SOLD MAR 7, 2025

243 East Ave Lewiston, ME 04240

-- Bed
2 Baths
2,235 Sq Ft
4,792 Sq Ft Lot

Recently Sold

$157 Per Sq Ft

9% Above List Price

8 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Wood Siding
  • Corner Lot
  • 1 Car Detached Garage
  • Radiator

About This Home

As of March 2025

Charming 2-Unit Apartment Building with Spacious Rooms and Convenient Access. This ideal investment opportunity, or owner-occupied building, is in a prime location! It offers a perfect blend of comfort and convenience, featuring generously sized rooms and easy access to essential amenities like public transportation, schools, grocery stores, hospitals, restaurants & the highway! Lead compliant certificate and updated wiring makes this building an easy property to step into. Set up a time to see your next investment today!

Last Agent to Sell the Property

Sarah Foster

Meservier & Associates Listed on: 01/15/2025

Last Buyer's Agent

Davian Akers

Keller Williams Realty

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,970

Year Built

  • Built in 1914

Lot Details

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

Parking

  • 1 Car Detached Garage
  • Driveway

Home Design

  • Brick Foundation
  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2 Full Bathrooms
  • 2,235 Sq Ft Home
  • Multi-Level Property

Flooring

  • Wood
  • Carpet
  • Laminate

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry
  • Crawl Space

Utilities

  • No Cooling
  • Radiator
  • Heating System Uses Natural Gas
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 231
  • Assessor Parcel Number LEWI-000174-000000-000231

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $14,820
  • Gross Income $33,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,970

Year Built

Built in 1914

Lot Details

0

Parking

1

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.11
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 2235.0
  • Architectural Style: Multi-Level
  • Garage Yn: Yes
  • Year Built: 1914
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.11
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 2235.0
  • Property Information:Garage: Yes
  • Site:Corner Lot: Yes
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Property Information:Garage Spaces: 1.0
  • Exterior:Vinyl Siding: Yes
  • Gas:Natural - On Site: Yes
  • Water Heater:Electric2: Yes
  • Vehicle Storage:Detached: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Heat Fuel:Gas Natural: Yes
  • Floors:Laminate: Yes
  • Property Information:Number of Units: 2
  • Foundation Materials:BrickMortar2: Yes
  • Income Expenses Gross Income: 33000.0
  • Income Expenses Operating Expenses: 14819.5
  • Style:Multi-Level: Yes
  • Exterior:Wood Siding: Yes
  • Basement:Crawl Space: Yes
  • Heat System:Radiator: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Crawl Space, Full, Exterior Entry, Bulkhead, Interior Entry, Unfinished
  • Full Bathrooms: 2
  • Flooring: Wood, Laminate, Carpet
  • Full Basement: Yes

Exterior Features

  • Lot Features: Corner Lot, Level, Open Lot, Sidewalks, Near Shopping, Neighborhood
  • Waterfront: No
  • Construction Type: Wood Siding, Vinyl Siding, Wood Frame
  • Foundation Details: Concrete Perimeter, Brick/Mortar
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: 1 - 4 Spaces, Paved, Detached

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Radiator
  • 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-000174-000000-000231
  • Zoning: NCA

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 33000.0
  • Annual Operating Expense: 14819.5

Tax Info

  • Tax Annual Amount: 2970.0
  • Tax Book Number: 10362
  • Tax Lot: 231
  • Tax Map Number: 174
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 15, 2025
Closed on
Mar 7, 2025
Sold by
Em2 Investments Llc
Bought by
Hartmann Evan
Seller's Agent
Sarah Foster
Meservier & Associates
Buyer's Agent
Davian Akers
Keller Williams Realty
List Price
$320,000
Sold Price
$350,000
Premium/Discount to List
$30,000
9.38%
Views
11
Current Estimated Value
$358,362

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,362
Avg. Annual Appreciation
-5.10%
Original Mortgage
$332,500
Outstanding Balance
$331,949
Interest Rate
6.96%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$8,466

Purchase Details

Closed on
Nov 29, 2005
Sold by
Barriault Mark L and Barriault Brenda J
Bought by
East Avenue Llc
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $350,000 None Available
Warranty Deed $350,000 None Available
Not Resolvable -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $332,500 Purchase Money Mortgage
Closed $332,500 Purchase Money Mortgage
Previous Owner $80,000 Stand Alone Refi Refinance Of Original Loan
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/07/2025 03/07/25 Sold $350,000 +9.4% $157 / Sq Ft
01/23/2025 01/23/25 Pending -- -- --
01/15/2025 01/15/25 For Sale $320,000 +155.0% $143 / Sq Ft
05/04/2020 05/04/20 Sold $125,500 -10.3% $56 / Sq Ft
02/24/2020 02/24/20 Pending -- -- --
06/19/2019 06/19/19 For Sale $139,900 -- $63 / Sq Ft
Source: Maine Listings

Tax History Compared to Growth

Source: Public Records

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
2024 $2,970 $93,500 $13,440 $80,060
2023 $2,805 $93,500 $13,440 $80,060
2022 $2,665 $93,500 $13,440 $80,060
2021 $2,642 $93,500 $13,440 $80,060
2020 $2,493 $86,940 $13,440 $73,500
2019 $2,513 $86,940 $13,440 $73,500
2018 $2,493 $86,940 $13,440 $73,500
2017 $2,436 $86,940 $13,440 $73,500
2016 $2,394 $86,940 $13,440 $73,500
2015 $2,380 $86,940 $13,440 $73,500
2014 $2,312 $86,940 $13,440 $73,500
2013 $2,299 $86,940 $13,440 $73,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1612555

Maine Listings

APN: LEWI-000174-000000-000231