$485,000
SOLD APR 15, 2025

8 Arch Ave Lewiston, ME 04240

-- Bed
4 Baths
4,948 Sq Ft
6,098 Sq Ft Lot

Recently Sold

$98 Per Sq Ft

1% Above List Price

63 Days on Market

Highlights

  • Wood Flooring
  • Baseboard Heating
  • Level Lot
  • No HOA

About This Home

As of April 2025

BACK ON THE MARKET AT NO FAULT OF THE BUILDING. This 4-unit offers the opportunity for huge cash flow potential from two 3 bed units, a 1 bed unit, and a 3 bed townhouse. With one of the 3 bedroom units vacant, the next owner can move in or make a value-add play for increased income. Located on a quiet street, close proximity to Bates College, walking distance to Central Maine Medical Center and other convenient locations.

Last Agent to Sell the Property

Brit Vitalius

Vitalius Real Estate Group, LLC Listed on: 03/17/2025

Co-Listed By

Chris Sullivan

Vitalius Real Estate Group, LLC

Last Buyer's Agent

Michael Hamilton

Keller Williams Realty

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,822

Year Built

  • Built in 1890

Lot Details

  • 6,098 Sq Ft Lot
  • Level Lot
  • Open Lot

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 4 Full Bathrooms
  • 4,948 Sq Ft Home
  • Multi-Level Property
  • Wood Flooring

Unfinished Basement

  • Walk-Out Basement
  • Interior Basement Entry

Parking

  • Driveway
  • Paved Parking
  • On-Site Parking

Location

  • City Lot

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available

Listing and Financial Details

  • Tax Lot 214
  • Assessor Parcel Number LEWI-000193-000000-000214

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Growth Area Overlay District Subdivision

Building Details

  • Operating Expense $20,513
  • Gross Income $60,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,822

Year Built

Built in 1890

Lot Details

6,098 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.14
  • Road Surface Type: Paved
  • Co List Office Phone: 207-541-3755
  • MLS Status: Closed
  • Subdivision Name: Growth Area Overlay District
  • Above Grade Finished Sq Ft: 4948.0
  • Architectural Style: Other
  • Garage Yn: No
  • Unit Levels: Multi-Level
  • Year Built: 1890
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 96.81
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.14
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 4948.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Basement:Walkout Access: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Exterior:Vinyl Siding: Yes
  • Basement:Unfinished: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 4
  • Income Expenses Gross Income: 60000.0
  • Income Expenses Operating Expenses: 20513.0
  • Parking:On Site2: Yes
  • Advertising Remarks:Advertising Remarks: BACK ON THE MARKET AT NO FAULT OF THE BUILDING. This 4-unit offers opportunity for huge cash flow potential from two 3-bd units, a 1bd and studio. With one of the 3 bedroom units vacant, the next owner can move in or make a value-add play for increased income. Quiet street, walking distance to Central Maine Medical Center and other convenient locations.
  • Levels:Multi-Level3: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Interior, Walk-Out Access, Unfinished
  • Full Bathrooms: 4
  • Flooring: Wood

Exterior Features

  • Lot Features: Open, Level, Sidewalks, Intown, Near Town
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved, On Site

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, 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: 6098.4
  • Parcel #: LEWI-000193-000000-000214
  • Zoning: NCB

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 60000.0
  • Annual Operating Expense: 20513.0

Tax Info

  • Tax Annual Amount: 3822.0
  • Tax Block: 000
  • Tax Lot: 214
  • Tax Year: 2025
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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 List to Sale Price per Sq Ft
04/15/2025 04/15/25 Sold $485,000 +1.3% $98 / Sq Ft
03/26/2025 03/26/25 Pending -- -- --
03/17/2025 03/17/25 For Sale $479,000 0.0% $97 / Sq Ft
02/03/2025 02/03/25 Pending -- -- --
01/22/2025 01/22/25 For Sale $479,000 -- $97 / Sq Ft
Source: Maine Listings

Tax History

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 $3,943 $120,300 $17,400 $102,900
2024 $3,822 $120,300 $17,400 $102,900
2023 $3,609 $120,300 $17,400 $102,900
2022 $3,429 $120,300 $17,400 $102,900
2021 $3,400 $120,300 $17,400 $102,900
2020 $3,449 $120,300 $17,400 $102,900
2019 $3,478 $120,300 $17,400 $102,900
2018 $3,449 $120,300 $17,400 $102,900
2017 $3,371 $120,300 $17,400 $102,900
2016 $3,313 $120,300 $17,400 $102,900
2015 $3,293 $120,300 $17,400 $102,900
2014 $3,199 $120,300 $17,400 $102,900
2013 $3,181 $120,300 $17,400 $102,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1612987

Maine Listings
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