Melissa Smith
Smith & Co. Real Estate, LLC.
(207) 806-5922
28 Total Sales
1 in Lewiston
$180,000 Price
68 Howe St Lewiston, ME 04240
Lewiston Area
Studio
5
Baths
4,811
Sq Ft
3,049
Sq Ft Lot
Highlights
- No HOA
- Baseboard Heating
- Vinyl Flooring
- Property is near shops
- Level Lot
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!
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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
- Property is near shops
- 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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 2, 2024
Closed on
Jan 29, 2025
Sold by
Community Dwellings Llc
Bought by
Seller's Agent
Dustin Mallar
Maine Source Realty
Buyer's Agent
Nicole St. Laurent
Hearth & Key Realty
List Price
$480,000
Sold Price
$375,000
Premium/Discount to List
-$105,000
-21.88%
Views
20
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,000
Interest Rate
6.72%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
Oct 22, 2020
Closed on
Jan 29, 2021
Sold by
Sullivan Debra A
Bought by
Community Dwellings Llc
Seller's Agent
Susan Hill
River's Edge Realty LLC
Buyer's Agent
Sally Arsenault
Amnet Realty
List Price
$129,900
Sold Price
$129,900
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.35%
Original Mortgage
$97,425
Interest Rate
2.67%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Mar 11, 2008
Sold by
Sullivan Debra
Bought by
Difazio Neil A
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Lewiston, ME
-
Melissa Smith
-
Lauren Klimoff
Lauren Klimoff
Responds QuicklyU&R Real Estate
(207) 250-4293
57 Total Sales
1 in Lewiston
$315,000 Price
-
Craig Garrett
Craig Garrett
Tim Dunham Realty
(207) 687-1055
81 Total Sales
2 in Lewiston
$200K - $420K Price Range
-
David Super
David Super
Tim Dunham Realty
(207) 610-7633
82 Total Sales
7 in Lewiston
$225K - $350K Price Range
-
Sonja Nielsen
Sonja Nielsen
EXP Realty
(888) 865-8841
19 Total Sales
2 in Lewiston
$295K - $310K Price Range
-
Jamie Fortier
Jamie Fortier
StartPoint Realty
(207) 864-1051
27 Total Sales
1 in Lewiston
$299,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $375,000 | None Available | ||
| Community Dwellings Llc | -- | None Available | |
| Difazio Neil A | -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $297,500 | ||
| Closed | 68 Howe Street Llc | $272,000 | |
| Previous Owner | Community Dwellings Llc | $243,000 | |
| Previous Owner | Community Dwellings Llc | $57,000 | |
| Previous Owner | Community Dwellings Llc | $97,425 | |
| Closed | Sullivan Debra | $20,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 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 | View Prior Sale |
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $3,648 | $111,300 | $8,500 | $102,800 |
| 2024 | $3,536 | $111,300 | $8,500 | $102,800 |
| 2023 | $3,339 | $111,300 | $8,500 | $102,800 |
| 2022 | $2,571 | $90,200 | $8,500 | $81,700 |
| 2021 | $2,549 | $90,200 | $8,500 | $81,700 |
| 2020 | $2,585 | $90,160 | $8,500 | $81,660 |
| 2019 | $2,607 | $90,160 | $8,500 | $81,660 |
| 2018 | $2,585 | $90,160 | $8,500 | $81,660 |
| 2017 | $2,526 | $90,160 | $8,500 | $81,660 |
| 2016 | $2,483 | $90,160 | $8,500 | $81,660 |
| 2015 | $2,468 | $90,160 | $8,500 | $81,660 |
| 2014 | $2,397 | $90,160 | $8,500 | $81,660 |
| 2013 | $2,384 | $90,160 | $8,500 | $81,660 |
Source: Public Records
Agents Affiliated with this Home
-
Dustin Mallar
Seller's Agent in 2025
Dustin Mallar
Maine Source Realty
(207) 513-0373
69 Total Sales
-
Nicole St. Laurent
Buyer's Agent in 2025
Nicole St. Laurent
Hearth & Key Realty
(207) 740-3322
34 Total Sales
-
Susan Hill
SH
Seller's Agent in 2021
Susan Hill
River's Edge Realty LLC
(207) 841-9805
113 Total Sales
-
Sally Arsenault
Buyer's Agent in 2021
Sally Arsenault
Amnet Realty
(207) 357-0120
106 Total Sales
Map
Source: Maine Listings
MLS Number: 1605669
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.
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