NOT LISTED FOR SALE

54 Pierce St Lewiston, ME 04240

-- Bed
6 Baths
4,648 Sq Ft
4,356 Sq Ft Lot

Last Sold September 18, 2023

Last sale price $359,000 $77 Per Sq Ft

27 Days on Market

Highlights

  • Wood Flooring
  • Baseboard Heating
  • 3-minute walk to Kennedy Park
  • No HOA
  • Level Lot

About This Home

As of September 2023

Introducing 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!

Last Agent to Sell the Property

Tyler Stewart

Keller Williams Realty Listed on: 06/22/2023

Keller Williams Realty

Last Buyer's Agent

Amanda Berube

HomeSmart

HomeSmart

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,950

Year Built

Built in 1863

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Gps Friendly
  • Above Grade Finished Sq Ft: 4648.0
  • Architectural Style: Multi-Level, Other Style
  • Garage Yn: No
  • Year Built: 1863
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.1
  • Property Information:Total Baths: 6.0
  • Property Information:SqFt Finished Above Grade: 4648.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Heat System:Baseboard: Yes
  • Cooling:None3: 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
  • Basement Entry:Interior: Yes
  • Water Heater:Gas: Yes
  • Exterior:Vinyl Siding: Yes
  • Driveway:Common2: Yes
  • Basement:Unfinished: Yes
  • Heat Fuel:Gas Natural: Yes
  • Property Information:Number of Units: 6
  • Income Expenses Gross Income: 95472.0
  • Income Expenses Operating Expenses: 34870.0
  • Parking:On Site2: Yes
  • Style:Multi-Level: Yes
  • Gas:Natural - At Street: Yes
  • Heat Fuel:Gas Bottled: Yes
  • Property Information:Deed Restrictions: Unknown
  • Roof:Flat: Yes
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full, Interior Entry, Unfinished
  • Full Bathrooms: 6
  • Flooring: Wood, Vinyl, Other
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Sidewalks, Intown, Near Turnpike/Interstate
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Roof: Flat

Garage/Parking

  • Attached Garage: No
  • Parking Features: 11 - 20 Spaces, Paved, Common, On Site, Off Street

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4356.0
  • Parcel #: LEWI-000195-000000-000501
  • Zoning: DR

Multi Family

  • Number Of Units Total: 6
  • Annual Gross Income: 95472.0
  • Annual Operating Expense: 34870.0

Tax Info

  • Tax Annual Amount: 3950.0
  • Tax Book Number: 11097
  • Tax Lot: 501
  • Tax Map Number: 195
  • Tax Year: 2022

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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 Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2023

    Tyler Stewart

    Keller Williams Realty

    (207) 213-7644

    31 Total Sales

    Tyler Stewart
    Section Image

  • A

    Buyer's Agent in 2023

    Amanda Berube

    HomeSmart

    (207) 292-2800

    7 Total Sales

    Amanda Berube
    Section Image

  • 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

See All Agents

Map

Source: Maine Listings

MLS Number: 1559901

Maine Listings
Maine Androscoggin County Lewiston 04240

54 Pierce St, Lewiston, ME

This home is located at 54 Pierce St, Lewiston, ME 04240 since 22 June 2023. This property was built in 1863. 54 Pierce St is a home located in Androscoggin County with nearby schools including Montello School, Lewiston Middle School, and Lewiston High School.

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.

Maine Listings 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.
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