$599,995

717 Lisbon St Lewiston, ME 04240

Estimated payment $3,744/month

Total Views 761
-- Bed
6 Baths
5,802 Sq Ft
$103 Price per Sq Ft

Highlights

  • Wood Flooring
  • Subterranean Parking
  • 1 Car Garage
  • No HOA
  • Porch
  • Open Lot

About This Home

Opportunity to invest. Large updated and renovated 6 unit apartment building conveniently located headed out of downtown with 2 bedrooms in each unit. Off street parking, rear porches, and hardwood floors. New heating system installed in fall of 2021 providing Natural Gas heat through radiators in the units. Building has been through the lead paint abatement program, which included new porches, exterior siding, and interior doors. A new rubber roof installed 2017. Other recent updates where new windows and paved driveway. Listed at over a 10.1% cap rate.

Listing Agent

Dan Coleman

Androvise Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,826

Year Built

  • Built in 1939

Lot Details

  • 4,792 Sq Ft Lot
  • Open Lot

Parking

  • 1 Car Garage
  • Subterranean Parking
  • Driveway
  • Off-Street Parking

Home Design

  • Flat Roof Shape
  • Concrete Foundation
  • Wood Frame Construction
  • Tar and Gravel Roof
  • Clap Board Siding
  • Concrete Perimeter Foundation
  • Clapboard

Interior Spaces

  • 6 Full Bathrooms
  • 5,802 Sq Ft Home
  • 3-Story Property
  • Wood Flooring

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Heating System Mounted To A Wall or Window
  • High-Efficiency Furnace
  • Gas Water Heater

Additional Features

  • Porch
  • City Lot

Listing and Financial Details

  • Tax Lot 031
  • Assessor Parcel Number LEWI-000197-000000-000031

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Building Details

  • Operating Expense $38,650
  • Gross Income $59,390

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,826

Year Built

Built in 1939

Lot Details

0

Parking

1

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.11
  • Road Surface Type: Paved
  • MLS Status: Active
  • Directions: From the Lewiston turnpike exit heading into Lewiston, 1.3 miles and the property will be on your left.
  • Above Grade Finished Sq Ft: 5802.0
  • Architectural Style: Other
  • Garage Yn: Yes
  • Unit Levels: Multi-Level
  • Efficiency: 90% Efficient Furnace
  • Building Stories: 3
  • Year Built: 1939
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 0.11
  • Property Information:Total Baths: 6.0
  • Property Information:SqFt Finished Above Grade: 5802.0
  • Property Information:Garage: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Basement:Walkout Access: Yes
  • Cooling:None3: 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
  • Property Information:Garage Spaces: 1.0
  • Gas:Natural - On Site: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Heat Fuel:Gas Natural: Yes
  • Property Information:Number of Units: 6
  • Exterior:Clapboard: Yes
  • Building Info:_pound_ Stories2: 3
  • Income Expenses Gross Income: 59390.0
  • Income Expenses Operating Expenses: 38650.0
  • Parking:Paved3: Yes
  • Heat System:Direct Vent Furnace: Yes
  • Basement Entry:Exterior Only: Yes
  • Roof:Flat: Yes
  • Roof:TarGravel: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Has Basement: Interior, Walk-Out Access, Full, Exterior Only
  • Full Bathrooms: 6
  • Flooring: Wood
  • Full Basement: Yes

Exterior Features

  • Lot Features: Open, Intown
  • Waterfront: No
  • Construction Type: Clapboard, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Porch
  • Roof: Flat, Tar/Gravel
  • Patio and Porch Features:Porch: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Underground, Basement, 5 - 10 Spaces, Paved, Off Street

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Direct Vent Furnace
  • 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: 4791.6
  • Parcel #: LEWI-000197-000000-000031
  • Zoning: NCB

Multi Family

  • Number Of Units Total: 6
  • Annual Gross Income: 59390.0
  • Annual Operating Expense: 38650.0

Tax Info

  • Tax Annual Amount: 4826.0
  • Tax Book Number: 7324
  • Tax Lot: 031
  • Tax Map Number: 197
  • Tax Year: 2024

Map

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
05/16/2025 05/16/25 For Sale $599,995 -- $103 / Sq Ft
Source: Maine Listings

Source: Maine Listings

MLS Number: 1622926

Maine Listings

APN: LEWI M:197 L:031