D
Seller's Agent in 2025
Dustin Mallar
Maine Source Realty
(207) 513-0373
2 in this area
62 Total Sales
68 Howe St Lewiston, ME 04240
Downtown Lewiston Neighborhood
--
Bed
5
Baths
4,811
Sq Ft
3,049
Sq Ft Lot
Highlights
- No HOA
- Level Lot
- Vinyl Flooring
- Baseboard Heating
About This Home
As of January 2025Exceptional Cash Flow Property with Major Upgrades!
Fully occupied and cash flowing, this 5-unit multifamily property is an investor's dream! Featuring 2 spacious two-bedroom units and 3 cozy one-bedroom units, this building is generating an impressive gross annual income of $66,000, with a net of more than $50,000 per year.
Recent upgrades include a brand new roof and high-efficiency natural gas heat and hot water systems, installed just 3 years ago, ensuring low operating costs for years to come. The big-ticket items have already been taken care of, making this property a hassle-free investment with minimal future capital expenditures.
Located in a high-demand rental area, this property is well-positioned for continued success. Don't miss out on this turnkey opportunity with stable tenants and excellent returns!
Key Features:
2 x 2-bedroom units, 3 x 1-bedroom units
Gross income: $66,000/year
Net income: More than $50,000/year
New roof and efficient heating systems (3 years old)
Natural gas heating and hot water
Fully occupied with stable tenants
Invest now and start earning immediate cash flow!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,536
Year Built
- Built in 1866
Lot Details
- 3,049 Sq Ft Lot
- Level Lot
- Open Lot
Parking
- No Driveway
Home Design
- Block Foundation
- Wood Frame Construction
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 5 Full Bathrooms
- 4,811 Sq Ft Home
- Multi-Level Property
- Vinyl Flooring
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Location
- City Lot
Utilities
- No Cooling
- Heating System Uses Natural Gas
- Baseboard Heating
- Hot Water Heating System
- Gas Water Heater
- Water Heated On Demand
- Internet Available
Listing and Financial Details
- Tax Lot 336
- Assessor Parcel Number LEWI-000195-000000-000336
Community Details
Overview
- No Home Owners Association
- 5 Units
Building Details
- Operating Expense $13,000
- Gross Income $66,000
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/29/2025 01/29/25 | Sold | $375,000 | -9.6% | $78 / Sq Ft |
| 11/26/2024 11/26/24 | Pending | -- | -- | -- |
| 11/14/2024 11/14/24 | Price Changed | $415,000 | -12.1% | $86 / Sq Ft |
| 11/02/2024 11/02/24 | Price Changed | $472,000 | -1.7% | $98 / Sq Ft |
| 10/02/2024 10/02/24 | For Sale | $480,000 | +269.5% | $100 / Sq Ft |
| 01/29/2021 01/29/21 | Sold | $129,900 | 0.0% | $27 / Sq Ft |
| 11/10/2020 11/10/20 | Pending | -- | -- | -- |
| 10/22/2020 10/22/20 | For Sale | $129,900 | -- | $27 / Sq Ft |
Source: Maine Listings
Tax History Compared to Growth
Agents Affiliated with this Home
-
Dustin Mallar
-
Nicole St. Laurent
N
Buyer's Agent in 2025
Nicole St. Laurent
Hearth & Key Realty
(207) 740-3322
1 in this area
25 Total Sales
-
Susan Hill
S
Seller's Agent in 2021
Susan Hill
River's Edge Realty LLC
(207) 841-9805
13 in this area
120 Total Sales
-
Sally Arsenault
Buyer's Agent in 2021
Sally Arsenault
Amnet Realty
(207) 357-0120
3 in this area
111 Total Sales
Map
Source: Maine Listings
MLS Number: 1605669
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