41 Burbank St Lewiston, ME 04240
Webster Street NeighborhoodEstimated payment $2,742/month
Highlights
- View of Trees or Woods
- Property is near public transit
- No HOA
- Deck
- Wood Flooring
- Hot Water Heating System
About This Home
Don't miss this tastefully updated and fully furnished three-unit property located at the end of a quiet dead-end street in a desirable residential area of Lewiston. This well-cared-for building offers strong investment potential, with recent updates including flooring, paint, cabinets, countertops, and appliances. All three units are furnished and currently rented to traveling professionals as mid-term rentals, providing consistent cash flow. Furniture is included in the sale, making for a smooth transition for the new owner.
One unit is currently vacant and move-in ready, offering an excellent opportunity for an owner-occupant. The property also features off-street parking and a spacious backyard. Its location is ideal—just a short walk to the YWCA and Lewiston High School, with access to athletic fields, tennis courts, and a track. You'll also enjoy close proximity to hospitals, schools, restaurants, shopping centers, and parks.
This is a flexible investment—continue with the mid-term rental model or transition to traditional long-term leases.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,708
Year Built
- Built in 1924
Lot Details
- 7,841 Sq Ft Lot
- Street terminates at a dead end
- Level Lot
Home Design
- Flat Roof Shape
- Brick Foundation
- Wood Frame Construction
- Membrane Roofing
- Vinyl Siding
Interior Spaces
- 3 Full Bathrooms
- 2,522 Sq Ft Home
- 2-Story Property
- Views of Woods
- Washer and Dryer Hookup
Flooring
- Wood
- Laminate
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Parking
- Common or Shared Parking
- Shared Driveway
- Paved Parking
- Off-Street Parking
Outdoor Features
- Deck
Location
- Property is near public transit
- City Lot
Utilities
- No Cooling
- Radiator
- Heating System Uses Oil
- Hot Water Heating System
- Electric Water Heater
Listing and Financial Details
- Tax Lot 174
- Assessor Parcel Number LEWI-000175-000000-000174
Community Details
Overview
- No Home Owners Association
- 3 Units
Building Details
- Operating Expense $12,408
- Gross Income $59,400
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 |
|---|---|---|---|---|
| 2024 | $3,708 | $116,700 | $16,440 | $100,260 |
| 2023 | $3,501 | $116,700 | $16,440 | $100,260 |
| 2022 | $3,326 | $116,700 | $16,440 | $100,260 |
| 2021 | $3,298 | $116,700 | $16,440 | $100,260 |
| 2020 | $3,346 | $116,700 | $16,440 | $100,260 |
| 2019 | $3,374 | $116,700 | $16,440 | $100,260 |
| 2018 | $3,346 | $116,700 | $16,440 | $100,260 |
| 2017 | $3,270 | $116,700 | $16,440 | $100,260 |
| 2016 | $3,214 | $116,700 | $16,440 | $100,260 |
| 2015 | $3,194 | $116,700 | $16,440 | $100,260 |
| 2014 | $3,103 | $116,700 | $16,440 | $100,260 |
| 2013 | $3,086 | $116,700 | $16,440 | $100,260 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/03/2025 08/03/25 | Pending | -- | -- | -- |
| 07/31/2025 07/31/25 | For Sale | $450,000 | +25.0% | $178 / Sq Ft |
| 11/09/2023 11/09/23 | Sold | $359,900 | -9.8% | $143 / Sq Ft |
| 09/29/2023 09/29/23 | Pending | -- | -- | -- |
| 09/19/2023 09/19/23 | For Sale | $399,000 | -- | $158 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $359,900 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $269,925 | Purchase Money Mortgage | |
| Previous Owner | $125,300 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $123,480 | FHA | |
| Previous Owner | $137,900 | Unknown | |
| Previous Owner | $15,000 | Unknown |
Source: Maine Listings
MLS Number: 1632491
APN: LEWI-000175-000000-000174
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