T
Seller's Agent in 2024
Tyler Stewart
Keller Williams Realty
(207) 213-7644
31 Total Sales
50 Knox St Lewiston, ME 04240
--
Bed
8
Baths
10,265
Sq Ft
5,663
Sq Ft Lot
Highlights
- No HOA
- Zoned Heating
- Asbestos
- Tile Flooring
- Baseboard Heating
- 4-minute walk to Kennedy Park
About This Home
As of December 2024SELLER CONCESSIONS AVAILABLE! Investors, you won't want to miss this 8-unit multifamily property in Lewiston boasting a 12.33% cap rate. With three vacancies and recent, modest renovations in some units, this property is positioned for strong financial performance, turn-key cash flow, and significant value-add potential. The new roof in 2022 adds to the long-term stability, while opportunities for upgrades in the remaining units offer a clear path to increased equity. This property is ideal for investors looking to grow their portfolio with a focus on long-term gains.
Able to be purchased with additional 8-Unit located at 54 Knox (MLS #1801823)
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,141
Year Built
- Built in 1881
Lot Details
- 5,663 Sq Ft Lot
- Level Lot
Home Design
- Flat Roof Shape
- Wood Frame Construction
- Asbestos Siding
- Asbestos
Interior Spaces
- 8 Full Bathrooms
- 10,265 Sq Ft Home
- Multi-Level Property
Flooring
- Tile
- Vinyl
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
- Dirt Floor
Parking
- Common or Shared Parking
- Shared Driveway
- Paved Parking
- On-Street Parking
- Off-Street Parking
Location
- City Lot
Utilities
- No Cooling
- Zoned Heating
- Heating System Uses Natural Gas
- Baseboard Heating
- Hot Water Heating System
Listing and Financial Details
- Tax Lot 260
- Assessor Parcel Number LEWI-000196-000000-000260
Community Details
Overview
- No Home Owners Association
- 8 Units
Building Details
- Operating Expense $51,952
- Gross Income $116,700
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 |
|---|---|---|---|---|
| 12/16/2024 12/16/24 | Sold | $450,000 | -14.3% | $44 / Sq Ft |
| 10/09/2024 10/09/24 | Pending | -- | -- | -- |
| 08/28/2024 08/28/24 | For Sale | $525,000 | -30.9% | $51 / Sq Ft |
| 12/17/2021 12/17/21 | Sold | $760,000 | -4.9% | $26 / Sq Ft |
| 07/30/2021 07/30/21 | Pending | -- | -- | -- |
| 07/21/2021 07/21/21 | For Sale | $799,000 | -- | $27 / Sq Ft |
Source: Maine Listings
Tax History Compared to Growth
Agents Affiliated with this Home
-
Tyler Stewart
-
Michael Hamilton
Buyer's Agent in 2024
Michael Hamilton
Keller Williams Realty
(207) 570-8998
261 Total Sales
-
Shahram Safari
S
Seller's Agent in 2021
Shahram Safari
Keller Williams Realty
(207) 879-9800
15 Total Sales
-
Sally Arsenault
Buyer's Agent in 2021
Sally Arsenault
Amnet Realty
(207) 357-0120
109 Total Sales
Map
Source: Maine Listings
MLS Number: 1601822
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
© 2025 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.
Homes.com, LLC, 17600 Laguna Canyon Rd Irvine, CA 92618 (888)-952-6393
Nearby Homes