26 Webster St Lewiston, ME 04240
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.
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
Map
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
MLS Number: 1604003
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