Multi-Family for Sale: 68 Howe Street, Lewiston, ME 04240

5 full baths
$415,000
$415,000
68 Howe Street, Lewiston, ME 04240
5 full baths
$415,000
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Price:
$415,000
$57,000 - 11/14/2024
Est. payment: Skip to Mortgage Calculator

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Type Multi-Family
Style Multi-Level
Total Baths 5 full baths
Square Feet 4,811 sqft
Lot Size 0.07 acres
Year Built 1866
Taxes Paid $3,536
City Lewiston
County Androscoggin
MLS 1605669
Status Active
DOM 55 days
Exceptional Cash Flow Property with Major Upgrades! Fully occupied and cash flowing, this 5-unit multifamily property is an investor's dream! Featuring 2 spacious two-bedroom units and 3 cozy one-bedroom units, this building is generating an impressive gross annual income of $66,000, with a net of more than $50,000 per year. Recent upgrades include a brand new roof and high-efficiency natural gas heat and hot water systems, installed just 3 years ago, ensuring low operating costs for years to come. The big-ticket items have already been taken care of, making this property a hassle-free investment with minimal future capital expenditures. Located in a high-demand rental area, this property is well-positioned for continued success. Don't miss out on this turnkey opportunity with stable tenants and excellent returns! Key Features: 2 x 2-bedroom units, 3 x 1-bedroom units Gross income: $66,000/year Net income: More than $50,000/year New roof and efficient heating systems (3 years old) Natural gas heating and hot water Fully occupied with stable tenants Invest now and start earning immediate cash flow!

Room Features

Basement Description Full, Unfinished, Interior Entry

Lot & Building Features

Cooling None
Tax Year 2024
Taxes Paid $3,536

Unit Features

Unit 1 Full Baths 1
Unit 1 of Bedrooms 2
Unit 1 of Rooms 5
Unit 2 Full Baths 1
Unit 2 of Bedrooms 2
Unit 2 of Rooms 5
Unit 3 Full Baths 1
Unit 3 of Bedrooms 1
Unit 3 of Rooms 4
Unit 4 Full Baths 1
Unit 4 of Bedrooms 1
Unit 4 of Rooms 4
Unit 5 Full Baths 1
Unit 5 of Bedrooms 1
Unit 5 of Rooms 4

Price History of 68 Howe Street

Date Name Price Difference
11/14/2024 Price Adjustment $415,000 12.08%
11/02/2024 Price Adjustment $472,000 1.67%
10/02/2024 Listing Price $480,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Comparable Properties Sold Near By

Low
$497,500
$101 / sqft
Average
$497,500
$101 / sqft
High
$497,500
$101 / sqft
Address City Zip Beds Baths Price Sq. Ft. $/SQFT Sold Date
This Listing Lewiston 04240 0 5.0 $415,000 4,811 $86 N/A
227 Oak Street Lewiston 04240 0 5.0 $497,500 4,908 $101 12/15/2023

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Map of 68 Howe Street, Lewiston, ME

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Photo of Fritz Schermer
Fritz Schermer
Associate Broker
Direct: 207-363-3658
Office
14 York Street
York, ME 03909
207-363-4000
Listed by Maine Source Realty, Dustin Mallar 207-333-6001
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6.75%
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68 Howe Street (MLS #1605669) is a multi-level multi-family listing located in Lewiston, ME. This multi-family listing is 4,811 sqft and on a lot of 3,049 sqft (or 0.07 acres) and is 158 years old. This property was listed on 10/02/2024 and has been priced for sale at $415,000.

The multi-family listing at 227 Oak Street in Lewiston is nearby and sold for $497,500 on 12/15/2023.

Nearby zip codes are 04210, 04236, 04250, 04280 and 04282. This property neighbors other cities such as Auburn, Greene, Lisbon, Sabattus and Turner.

MREIS

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Maine Source Realty

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, non-commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. ©2024 Maine Real Estate Information System, Inc. All Rights Reserved. This web site does not display complete Maine Listings. Certain Maine Listings of other real estate brokerage firms have been excluded.