Seller's Agent in 2025
Michael Emmert
Hearth & Key Realty
(207) 577-2847
12 in this area
75 Total Sales
26 Webster St Lewiston, ME 04240
--
Bed
5
Baths
6,314
Sq Ft
8,276
Sq Ft Lot
Highlights
- Additional Residence on Property
- Wood Flooring
- No HOA
- Deck
- New Englander Architecture
- Porch
About This Home
As of March 2025Introducing an exceptional investment opportunity in the heart of a thriving rental market: a 5-unit apartment building with impressive cash flow potential. This well-maintained property offers a robust rental income stream, making it an ideal addition to any real estate portfolio.
Situated in a dynamic neighborhood with strong demand for rental properties, this building benefits from a vibrant local market where vacancies are low and rental rates are on the rise. The area's steady economic growth and increasing population contribute to a favorable environment for landlords seeking reliable returns.
Each unit provides ample living space and functional layouts, ensuring broad appeal to a diverse range of tenants. With a touch of TLC, this property could see significant appreciation. Updating the interiors and enhancing common areas could not only increase the rental income but also elevate the property's overall value.
Whether you're a seasoned investor or just starting out, this property offers a solid foundation and promising upside. Take advantage of the current market trends and unlock the full potential of this high-cash-flow investment.
Last Agent to Sell the Property
Hearth & Key Realty Brokerage Phone: 2072036579 Listed on: 09/17/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,575
Year Built
- Built in 1939
Lot Details
- 8,276 Sq Ft Lot
- Level Lot
- Open Lot
Parking
- 1 Car Attached Garage
- Driveway
Home Design
- New Englander Architecture
- Flat Roof Shape
- Brick Foundation
- Concrete Foundation
- Wood Frame Construction
- Pitched Roof
- Shingle Roof
- Membrane Roofing
- Vinyl Siding
- Concrete Perimeter Foundation
Interior Spaces
- 5 Full Bathrooms
- 6,314 Sq Ft Home
- 3-Story Property
- Washer and Dryer Hookup
Flooring
- Wood
- Carpet
- Vinyl
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Outdoor Features
- Deck
- Porch
Utilities
- No Cooling
- Heating System Uses Natural Gas
- Heating System Uses Oil
- Baseboard Heating
- Gas Water Heater
- High Speed Internet
Additional Features
- Additional Residence on Property
- City Lot
Listing and Financial Details
- Tax Lot 107
- Assessor Parcel Number LEWI-000195-000000-000107
Community Details
Overview
- No Home Owners Association
- 5 Units
Building Details
- Operating Expense $40,657
- Gross Income $97,800
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/24/2025 03/24/25 | Sold | $515,000 | -6.2% | $82 / Sq Ft |
| 12/20/2024 12/20/24 | Pending | -- | -- | -- |
| 11/13/2024 11/13/24 | Price Changed | $549,000 | -7.7% | $87 / Sq Ft |
| 10/15/2024 10/15/24 | Price Changed | $595,000 | -4.8% | $94 / Sq Ft |
| 09/17/2024 09/17/24 | For Sale | $625,000 | -- | $99 / Sq Ft |
Source: Maine Listings
Tax History Compared to Growth
Agents Affiliated with this Home
-
Michael Emmert
-
Jeffrey Emmert
Seller Co-Listing Agent in 2025
Jeffrey Emmert
Hearth & Key Realty
(207) 577-2851
8 in this area
64 Total Sales
-
Shivam Kumar
S
Buyer's Agent in 2025
Shivam Kumar
Rockstar Real Estate
(207) 344-4414
2 in this area
16 Total Sales
Map
Source: Maine Listings
MLS Number: 1604003
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