NOT LISTED FOR SALE

37 King Ave Lewiston, ME 04240

Estimated Value: $400,000 - $482,000

6 Beds
3 Baths
2,996 Sq Ft
$143/Sq Ft Est. Value

Sale Details

Date Sold: May 22, 2025

Last sale price $437,000 $146 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $2,596 / mo

7 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Bathtub
  • Main Floor Bedroom
  • Screened Porch
  • Air Conditioning

About This Home

As of May 2025

Prime Investment Opportunity This well-maintained and expertly managed multi-unit property offers a tried-and-true track record of profitability. Featuring two spacious three-bedroom units and one cozy single-bedroom unit, this property boasts an excellent rental history. Key Features: Stable Rental Income: Proven profitable with great rental history.
Ideal Location: A prime area offering high demand from tenants.
Charming Interiors: Wood floors throughout and each unit has its own enclosed porch.
Two Viewing Opportunities: Come tour this rare investment gem, and you'll see firsthand why this property stands out.
Don't miss out on this exceptional opportunity to add a solid, income-generating property to your portfolio!
Two group showing opportunities.
Sunday, March 16, Noon to 2:00
Tuesday, March 18, 3:00-5:00

Last Agent to Sell the Property

Sally Christner

Fontaine Family-The Real Estate Leader Listed on: 03/13/2025

Last Buyer's Agent

Luke Kelleher

Fontaine Family-The Real Estate Leader

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,256

Year Built

  • Built in 1949

Lot Details

  • 4,792 Sq Ft Lot
  • Level Lot

Home Design

  • Flat Roof Shape
  • Concrete Foundation
  • Wood Frame Construction
  • Rolled or Hot Mop Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,996 Sq Ft Home
  • 3-Story Property
  • Screened Porch
  • Storage
  • Laundry on main level

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 3 Full Bathrooms
  • Bathtub

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Natural lighting in basement

Parking

  • Driveway
  • Paved Parking
  • On-Site Parking
  • Off-Street Parking

Location

  • Property is near shops
  • City Lot

Utilities

  • Air Conditioning
  • Zoned Heating
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Internet Available

Listing and Financial Details

  • Tax Lot 104
  • Assessor Parcel Number LEWI-000170-000000-000104

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Community Storage Space

Building Details

  • Operating Expense $10,456
  • Gross Income $52,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,256

Year Built

Built in 1949

Lot Details

4,792 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.11
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 2996.0
  • Architectural Style: Other
  • Garage Yn: No
  • Unit Levels: Multi-Level
  • Building Stories: 3
  • Year Built: 1949
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 133.48
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.11
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 2996.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Basement:Daylight: Yes
  • Basement:Walkout Access: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Amenities:Storage: Yes
  • Exterior:Vinyl Siding: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Amenities:Laundry - 2nd Floor: Yes
  • Property Information:Number of Units: 3
  • Building Info:_pound_ Stories2: 3
  • Income Expenses Gross Income: 52800.0
  • Income Expenses Operating Expenses: 10456.0
  • Parking:On Site2: Yes
  • Amenities:Bathtub: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Equipment:Internet Access Available: Yes
  • Roof:RolledHot Mop: Yes
  • Cooling:AC Units: Yes
  • Roof:Flat: Yes
  • Building Info:_pound_ Floors3: 3
  • Patio and Porch Features:Porch-Screened: Yes
  • Advertising Remarks:Advertising Remarks: Prime Investment Opportunity This well-maintained and expertly managed multi-unit property offers a tried-and-true track record of profitability. Featuring two spacious three-bedroom units and one cozy single-bedroom unit, this property boasts an excellent rental history. Key Features: Stable Rental Income: Proven profitable with great rental history. Ideal Location: A prime area offering high demand from tenants. Charming Interiors: Wood floors throughout and each unit has its own enclosed porch. Two Viewing Opportunities: Come tour this rare investment gem, and you'll see firsthand why this property stands out. Don't miss out on this exceptional opportunity to add a solid, income-generating property to your portfolio! Two group showing opportunities. Sunday, March 16, Noon to 2:00 Tuesday, March 18, 3:00-5:00 For more information contact Sally. sally@fontaineteam.com 207-240-2474
  • Property Information 2 Detached Houses on 1 Lot: No
  • Levels:Multi-Level3: Yes
  • Heat System:Zoned: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Other Equipment: Internet Access Available
  • Has Basement: Walk-Out Access, Daylight, Full
  • Full Bathrooms: 3
  • Fireplace: No
  • Flooring: Wood, Vinyl, Carpet
  • Interior Amenities: 1st Floor Bedroom, Bathtub, Storage
  • Stories: 3
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Sidewalks, Intown, Near Shopping
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Screened
  • Roof: Flat, Rolled/Hot Mop

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Paved, On Site, Off Street

Utilities

  • Laundry Features: Laundry - 1st Floor, Upper Level, Main Level
  • Cooling: A/C Units
  • Cooling Y N: Yes
  • Heating: Zoned, Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4791.6
  • Parcel #: LEWI-000170-000000-000104
  • Zoning: Mixed

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 52800.0
  • Annual Operating Expense: 10456.0

Tax Info

  • Tax Annual Amount: 3256.0
  • Tax Lot: 104
  • Tax Year: 2024

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2025
Closed on
May 22, 2025
Sold by
Bought by
Seller's Agent
Sally Christner
Fontaine Family-The Real Estate Leader
Buyer's Agent
Luke Kelleher
Fontaine Family-The Real Estate Leader
List Price
$399,900
Sold Price
$437,000
Premium/Discount to List
$37,100
9.28%
Views
12
Current Estimated Value
$429,598

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,402
Avg. Annual Appreciation
-1.57%
Original Mortgage
$429,084
Outstanding Balance
$427,168
Interest Rate
6.62%
Mortgage Type
FHA
Estimated Equity
$2,430

Purchase Details

Listed on
Feb 18, 2016
Closed on
Aug 23, 2016
Sold by
Bought by
Seller's Agent
Jann Perkins Farrington
Thomas Agency
Buyer's Agent
Patrick Matheson
Keller Williams Realty
List Price
$157,735
Sold Price
$147,235
Premium/Discount to List
-$10,500
-6.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.24%
Original Mortgage
$144,567
Interest Rate
3.37%
Mortgage Type
FHA

Purchase Details

Closed on
May 4, 2015
Sold by
Bought by

Purchase Details

Closed on
Nov 6, 2013
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$437,000 None Available
$437,000 None Available
-- --
-- --
-- --
-- --
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $429,084
Closed $429,084
Previous Owner $144,567
Previous Owner $105,700
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/22/2025 05/22/25 Sold $437,000 +9.3% $146 / Sq Ft
03/20/2025 03/20/25 Pending -- -- --
03/13/2025 03/13/25 For Sale $399,900 +171.6% $133 / Sq Ft
08/23/2016 08/23/16 Sold $147,235 -6.7% $49 / Sq Ft View Prior Sale
07/18/2016 07/18/16 Pending -- -- --
02/18/2016 02/18/16 For Sale $157,735 -- $53 / Sq Ft
Source: Maine Listings

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $3,360 $102,500 $13,440 $89,060
2024 $3,256 $102,500 $13,440 $89,060
2023 $3,075 $102,500 $13,440 $89,060
2022 $2,921 $102,500 $13,440 $89,060
2021 $2,897 $102,500 $13,440 $89,060
2020 $2,939 $102,500 $13,440 $89,060
2019 $2,775 $96,000 $13,440 $82,560
2018 $2,752 $96,000 $13,440 $82,560
2017 $2,690 $96,000 $13,440 $82,560
2016 $2,644 $96,000 $13,440 $82,560
2015 $2,628 $96,000 $13,440 $82,560
2014 $2,553 $96,000 $13,440 $82,560
2013 -- $96,000 $13,440 $82,560
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1616101

Maine Listings

APN: LEWI-000170-000000-000104

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