496 Sabattus St Lewiston, ME 04240
Estimated payment $7,704/month
Highlights
- Deck
- Wood Flooring
- No HOA
- Property is near public transit
- Attic
- Porch
About This Home
First time on the market in over 40 years! This well-maintained 10 unit apartment building is a rare investment opportunity in a prime location. Featuring a newer gas boiler and a recently replaced roof, the property has been thoughtfully cared for and is in excellent shape.
With a solid rental history and a roster of long-term, respectful tenants, this building offers both stability and immediate cash flow. Its strong mechanicals, clean condition, below market rents and unbeatable location makes it ideal for investors looking for a turnkey asset with upside potential. Don't miss your chance to own this legacy property!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,463
Year Built
- Built in 1930
Lot Details
- 10,454 Sq Ft Lot
- Level Lot
Home Design
- 6,978 Sq Ft Home
- Concrete Foundation
- Block Foundation
- Wood Frame Construction
- Membrane Roofing
- Vinyl Siding
- Concrete Perimeter Foundation
Flooring
- Wood
- Carpet
- Laminate
- Tile
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Parking
- Driveway
- Paved Parking
Outdoor Features
- Deck
- Porch
Location
- Property is near public transit
- Property is near shops
- Property is near a golf course
- City Lot
Utilities
- No Cooling
- Radiator
- Heating System Uses Natural Gas
- Baseboard Heating
- Hot Water Heating System
Additional Features
- 10 Full Bathrooms
- Laundry on main level
- Attic
Listing and Financial Details
- Tax Lot 328
- Assessor Parcel Number LEWI-000146-000000-000328
Community Details
Overview
- No Home Owners Association
- 10 Units
Amenities
- Coin Laundry
Building Details
- Operating Expense $22,148
- Gross Income $109,200
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/28/2025 08/28/25 | Pending | -- | -- | -- |
| 08/15/2025 08/15/25 | Price Changed | $1,345,000 | -9.4% | $193 / Sq Ft |
| 08/05/2025 08/05/25 | For Sale | $1,485,000 | -- | $213 / Sq Ft |
Source: Maine Listings
MLS Number: 1633090
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