128 Pine Street Lewiston, ME 04240
Multi-Family
MLS #: 1631622
Listed By CENTURY 21 Advantage
506 Main Street, Lewiston, ME 04240
506 Main Street, Lewiston, ME 04240
Side of building/commercial entrance
Property InformationDescription
Versatile investment opportunity in Lewiston!
This well-maintained property offers five residential units and one commercial unit, providing a stable revenue stream with additional potential. Significant improvements were made in 2022, including exterior painting, new porches, fire escapes, windows, and a variety of targeted upgrades throughout the residential units. Updates being done to the second-floor unit (Unit 2) are nearly complete, providing added value for investors. The commercial unit underneath has been completely transformed into a clean, modern workspace-ideal for small businesses or independent professionals seeking a move-in-ready location. With close proximity to major commuter routes, public transportation, hospitals, college campuses, and local amenities, this property represents a smart investment opportunity in a high-demand rental market.
Strong Income Potential
Many Updates to Interior & Exterior
5 Residential Units & 1 Commercial Unit
This well-maintained property offers five residential units and one commercial unit, providing a stable revenue stream with additional potential. Significant improvements were made in 2022, including exterior painting, new porches, fire escapes, windows, and a variety of targeted upgrades throughout the residential units. Updates being done to the second-floor unit (Unit 2) are nearly complete, providing added value for investors. The commercial unit underneath has been completely transformed into a clean, modern workspace-ideal for small businesses or independent professionals seeking a move-in-ready location. With close proximity to major commuter routes, public transportation, hospitals, college campuses, and local amenities, this property represents a smart investment opportunity in a high-demand rental market.
Strong Income Potential
Many Updates to Interior & Exterior
5 Residential Units & 1 Commercial Unit
Features
- Age: Over 50 Years Old
- Appliances: Range / Oven
- Appliances: Refrigerator
- Building Area: 6030.00 SF
- Cross Docks: N
- Expenses: 17939.00
- For Auction: N
- Full Bathrooms: 5
- Gross Income: 83400.00
- Half Bathrooms: 1
- Lot Size Desc: Under 1/2 Acre
- Lot Size In Text: 0.8 Acres
- MLSID: 1631622
- Net Operating Income: 65461.00
- Price Upon Request: N
- Property Use: Rental or Investment
- Sewer: Public
- Special Market: College / University
- Style: Multi-Family (5-20 Units)
- Sublease: N
- Tax Year: 2024
- Taxes: $4391.00
- Total Units: 6
- Water: City Water
- Year Built: 1900
