78 Howard St Lewiston, ME 04240
Lewiston AreaEstimated payment $3,563/month
Highlights
- Wood Flooring
- Baseboard Heating
- Level Lot
- No HOA
About This Home
OPEN HOUSES - Friday the 5th, from 4:30 - 6pm and Saturday the 6th, from 11am - 12pm
Your next investment is already running smoothly.
It is time to let your money work for you - not the other way around! 78 Howard Street is the kind of deal every investor is looking for. Already under professional management, with many major expenses already taken care of. But not so upgraded that it has lost any potential for value add. A new investor can make a few light changes, fill vacancy, and step into potential increased equity.
Once filled at market rent you're looking at right around a 10% cap rate. The existing management team knows the property and wants to stay on. No hassle of interviewing management, trying to keep your records straight, or adding personnel to your current team to handle more units. At $585,000, this is an accessible entry point into Lewiston's growing rental market with a clear, low-effort path to full stabilization.
Schedule your showing today!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,015
Year Built
- Built in 1925
Lot Details
- 4,792 Sq Ft Lot
- Level Lot
Home Design
- Flat Roof Shape
- Brick Foundation
- Stone Foundation
- Wood Frame Construction
- Vinyl Siding
Interior Spaces
- 6 Full Bathrooms
- 7,200 Sq Ft Home
- 3-Story Property
- Wood Flooring
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Parking
- Paved Parking
- On-Street Parking
- Off-Street Parking
Location
- City Lot
Utilities
- No Cooling
- Heating System Uses Natural Gas
- Baseboard Heating
Listing and Financial Details
- Tax Lot 232
Community Details
Overview
- No Home Owners Association
- 6 Units
Building Details
- Operating Expense $50,107
- Gross Income $87,264
Map
Home Values in the Area
Average Home Value in this Area
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 | $5,015 | $153,000 | $17,040 | $135,960 |
| 2024 | $4,861 | $153,000 | $17,040 | $135,960 |
| 2023 | $4,590 | $153,000 | $17,040 | $135,960 |
| 2022 | $4,361 | $153,000 | $17,040 | $135,960 |
| 2021 | $4,324 | $153,000 | $17,040 | $135,960 |
| 2020 | $4,077 | $142,200 | $17,040 | $125,160 |
| 2019 | $4,111 | $142,200 | $17,040 | $125,160 |
| 2018 | $4,077 | $142,200 | $17,040 | $125,160 |
| 2017 | $3,984 | $142,200 | $17,040 | $125,160 |
| 2016 | $3,916 | $142,200 | $17,040 | $125,160 |
| 2015 | $3,892 | $142,200 | $17,040 | $125,160 |
| 2014 | $3,781 | $142,200 | $17,040 | $125,160 |
| 2013 | $3,760 | $142,200 | $17,040 | $125,160 |
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 |
|---|---|---|---|---|
| 07/15/2026 07/15/26 | Price Changed | $570,000 | -2.6% | $79 / Sq Ft |
| 06/03/2026 06/03/26 | For Sale | $585,000 | -- | $81 / Sq Ft |
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available |
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 | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $15,408,000 | Unknown | |
| Closed | $607,000 | Stand Alone Refi Refinance Of Original Loan | |
| Closed | $110,000 | Stand Alone Refi Refinance Of Original Loan | |
| Closed | $825,000 | Purchase Money Mortgage | |
| Closed | $620,000 | Unknown | |
| Previous Owner | $1,237,031 | Commercial | |
| Previous Owner | $1,716,800 | Commercial |
Source: Maine Listings
MLS Number: 1665292
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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