NOT LISTED FOR SALE

85 Pine St Lewiston, ME 04240

-- Bed
6 Baths
3,585 Sq Ft
3,049 Sq Ft Lot

Last Sold August 30, 2024

Last sale price $425,000 $119 Per Sq Ft

3 Days on Market

Highlights

  • Nearby Water Access
  • Corner Lot
  • Zoned Heating
  • Property is near public transit
  • No HOA
  • 2-minute walk to Kennedy Park

About This Home

As of August 2024

Welcome to a fantastic multi-family property in downtown Lewiston! With great income flow and subsidized housing options available, this property offers a lucrative investment opportunity for landlords looking to expand their portfolio. Additionally, being part of the revitalization project among the 'tree street' neighborhoods, this property is at the forefront of positive change in the community. This property is conveniently located with transportation access right out front, an incredible amenity to your tenants. This property was fully rehabbed in the past year, with many updates throughout.
Don't miss out on this incredible opportunity to be a part of the thriving downtown Lewiston area. Contact us today to learn more about this fantastic multi-family property!

Last Agent to Sell the Property

Garret Getch

EXP Realty Listed on: 07/24/2024

EXP Realty

Co-Listed By

Carrie Getch

EXP Realty

Last Buyer's Agent

Tracy Pratt

Keller Williams Realty

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,495

Year Built

  • Built in 1888

Lot Details

  • 3,049 Sq Ft Lot
  • Corner Lot
  • Level Lot
  • Open Lot

Home Design

  • Brick Exterior Construction
  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 6 Full Bathrooms
  • 3,585 Sq Ft Home
  • Multi-Level Property
  • Laminate Flooring

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Dirt Floor

Parking

  • No Driveway
  • On-Street Parking

Outdoor Features

  • Nearby Water Access

Location

  • Property is near public transit
  • City Lot

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Natural Gas
  • Baseboard Heating

Listing and Financial Details

  • Tax Lot 522
  • Assessor Parcel Number LEWI-000195-000000-000522

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Building Details

  • Operating Expense $18,158
  • Gross Income $66,732

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,495

Year Built

Built in 1888

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.07
  • Road Surface Type: Paved
  • Co List Office Phone: 617-306-3926
  • MLS Status: Closed
  • Directions: GPS Friendly. Property is on corner of Pine and Blake Streets.
  • Above Grade Finished Sq Ft: 3585.0
  • Architectural Style: Other
  • Garage Yn: No
  • Unit Levels: Multi-Level
  • Year Built: 1888
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 111.58
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.07
  • Property Information:Total Baths: 6.0
  • Property Information:SqFt Finished Above Grade: 3585.0
  • Property Information:Garage: No
  • Site:Corner Lot: Yes
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Cooling:None3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Gas:Natural - On Site: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Heat Fuel:Gas Natural: Yes
  • Floors:Laminate: Yes
  • Property Information:Number of Units: 6
  • Income Expenses Gross Income: 66732.0
  • Income Expenses Operating Expenses: 18158.0
  • Basement:Dirt Floor: Yes
  • Recreational Water:Nearby: Yes
  • Driveway:No Driveway: Yes
  • Exterior:Brick: Yes
  • Parking:On Street: Yes
  • Transportation:Public Transport Access: Yes
  • Advertising Remarks:Advertising Remarks: Welcome to a fantastic multi-family property in downtown Lewiston! With great income flow and subsidized housing options available, this property offers a lucrative investment opportunity for landlords looking to expand their portfolio. Additionally, being part of the revitalization project among the "tree street" neighborhoods, this property is at the forefront of positive change in the community. This property is conveniently located with transportation access right out front, an incredible amenity to your tenants. This property was fully rehabbed in the past year, with many updates throughout. Don't miss out on this incredible opportunity to be a part of the thriving downtown Lewiston area. Contact us today to learn more about this fantastic multi-family property!
  • Levels:Multi-Level3: Yes
  • Heat System:Zoned: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Interior, Dirt Floor, Full, Unfinished
  • Full Bathrooms: 6
  • Flooring: Laminate
  • Full Basement: Yes

Exterior Features

  • Lot Features: Open, Corner Lot, Level, Sidewalks, Intown, Near Shopping, Near Turnpike/Interstate, Neighborhood, Near Public Transit
  • Waterfront: No
  • Construction Type: Brick, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Driveway, On Street

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Zoned, 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: 3049.2
  • Parcel #: LEWI-000195-000000-000522
  • Zoning: DR

Multi Family

  • Number Of Units Total: 6
  • Annual Gross Income: 66732.0
  • Annual Operating Expense: 18158.0

Tax Info

  • Tax Annual Amount: 3495.0
  • Tax Lot: 522
  • Tax Year: 2023
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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 Prior Sale
08/30/2024 08/30/24 Sold $425,000 +6.3% $119 / Sq Ft
07/28/2024 07/28/24 Pending -- -- --
07/24/2024 07/24/24 For Sale $400,000 +142.6% $112 / Sq Ft
08/15/2019 08/15/19 Sold $164,900 -2.9% $46 / Sq Ft View Prior Sale
07/15/2019 07/15/19 Pending -- -- --
07/09/2019 07/09/19 For Sale $169,900 +44.0% $47 / Sq Ft
05/10/2018 05/10/18 Sold $118,000 -20.8% $33 / Sq Ft View Prior Sale
04/02/2018 04/02/18 Pending -- -- --
01/17/2018 01/17/18 For Sale $149,000 -- $42 / 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 $3,819 $116,500 $13,080 $103,420
2024 $3,701 $116,500 $13,080 $103,420
2023 $3,495 $116,500 $13,080 $103,420
2022 $3,320 $116,500 $13,080 $103,420
2021 $3,292 $116,500 $13,080 $103,420
2020 $3,340 $116,500 $13,080 $103,420
2019 $2,883 $99,720 $13,080 $86,640
2018 $2,859 $99,720 $13,080 $86,640
2017 $2,794 $99,720 $13,080 $86,640
2016 $2,746 $99,720 $13,080 $86,640
2015 $2,729 $99,720 $13,080 $86,640
2014 $2,652 $99,720 $13,080 $86,640
2013 $2,637 $99,720 $13,080 $86,640
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1598034

Maine Listings