T
Seller's Agent in 2023
Tyler Stewart
Keller Williams Realty
(207) 213-7644
5 in this area
42 Total Sales
54 Pierce St Lewiston, ME 04240
--
Bed
6
Baths
4,648
Sq Ft
4,356
Sq Ft Lot
Highlights
- Wood Flooring
- Baseboard Heating
- 3-minute walk to Kennedy Park
- No HOA
- Level Lot
About This Home
As of September 2023Introducing an incredible investment opportunity! This 6-unit multi-family property is a fantastic value proposition for savvy investors. With a proven rental history and impressive income potential, it promises a solid return on investment. Each unit offers spacious layouts and abundant natural light, ensuring comfortable living spaces for tenants.
Located in a downtown setting, this property provides convenient access to nearby amenities, including shopping centers, dining options, and public transportation. Its strategic location also allows for easy commuting and attracts a diverse pool of tenants. With its strong rental demand and desirable location, this multi-family property is a smart choice for those looking to maximize their investment potential.
This property presents a promising opportunity for both seasoned investors and those new to real estate. Whether you're expanding your portfolio or entering the market, this 6-unit multi-family property offers an excellent chance to secure consistent cash flow and long-term growth. Don't miss out on this lucrative venture that combines affordability, tenant appeal, and a prime location. Act now and seize this remarkable investment opportunity!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,950
Year Built
- Built in 1863
Lot Details
- 4,356 Sq Ft Lot
- Level Lot
Home Design
- Flat Roof Shape
- Wood Frame Construction
- Vinyl Siding
Interior Spaces
- 6 Full Bathrooms
- 4,648 Sq Ft Home
- Multi-Level Property
Flooring
- Wood
- Vinyl
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Parking
- Common or Shared Parking
- Shared Driveway
- Paved Parking
- On-Site Parking
- Off-Street Parking
Location
- City Lot
Utilities
- No Cooling
- Heating System Uses Gas
- Heating System Uses Natural Gas
- Baseboard Heating
- Gas Water Heater
Listing and Financial Details
- Tax Lot 501
- Assessor Parcel Number LEWI-000195-000000-000501
Community Details
Overview
- No Home Owners Association
- 6 Units
Building Details
- Operating Expense $34,870
- Gross Income $95,472
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/18/2023 09/18/23 | Sold | $359,000 | -4.3% | $77 / Sq Ft | |
| 07/19/2023 07/19/23 | Pending | -- | -- | -- | |
| 06/22/2023 06/22/23 | For Sale | $375,000 | +41.5% | $81 / Sq Ft | |
| 04/29/2022 04/29/22 | Sold | $265,000 | -27.4% | $57 / Sq Ft | View Prior Sale |
| 03/04/2022 03/04/22 | Pending | -- | -- | -- | |
| 04/22/2021 04/22/21 | For Sale | $365,000 | -- | $79 / Sq Ft |
Source: Maine Listings
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 |
|---|---|---|---|---|
| 2025 | $4,543 | $138,600 | $16,800 | $121,800 |
| 2024 | $4,403 | $138,600 | $16,800 | $121,800 |
| 2023 | $4,158 | $138,600 | $16,800 | $121,800 |
| 2022 | $3,950 | $138,600 | $16,800 | $121,800 |
| 2021 | $3,411 | $120,700 | $16,800 | $103,900 |
| 2020 | $3,459 | $120,660 | $16,800 | $103,860 |
| 2019 | $3,488 | $120,660 | $16,800 | $103,860 |
| 2018 | $3,459 | $120,660 | $16,800 | $103,860 |
| 2017 | $3,381 | $120,660 | $16,800 | $103,860 |
| 2016 | $3,323 | $120,660 | $16,800 | $103,860 |
| 2015 | $3,302 | $120,660 | $16,800 | $103,860 |
| 2014 | $3,208 | $120,660 | $16,800 | $103,860 |
| 2013 | $3,190 | $120,660 | $16,800 | $103,860 |
Source: Public Records
Agents Affiliated with this Home
-
Tyler Stewart
-
Amanda Berube
A
Buyer's Agent in 2023
Amanda Berube
HomeSmart
(207) 292-2800
3 in this area
6 Total Sales
-
J
Seller's Agent in 2022
John Danforth
CENTURY 21 Advantage
-
G
Buyer's Agent in 2022
Garret Getch
Better Homes & Gardens Real Estate/The Masiello Group
Map
Source: Maine Listings
MLS Number: 1559901
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