Closed

$585,000

119 Pierce Street, Lewiston, ME 04240

18beds

5,134sqft

Multi Family

Built in 1921

-- sqft lot

$693,000 Zestimate^®

$114/sqft

$1,142 Estimated rent

Home value

$693,000

$638,000 - $755,000

$1,142/mo

Zestimate^® history

Owner options

List your home for rent

$1,142/mo

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$1,142/mo

Rent Zestimate^®

Refinance and save

$2,966/mo

Est. payment

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$2,966/mo

Est. payment

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What's special

Huge cash flowing 3 unit + a single family house for additional income or occupancy. This is a 3-unit with 5 (FIVE!) bedrooms and 2 baths in each unit. PLUS a HOUSE with 3bds/1.5 baths. The house is vacant and ready to be rented for income or used by an owner occupant. Fully occupied income yields a cap rate over 11%.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 18
Bathrooms: 8
Full bathrooms: 7
1/2 bathrooms: 1

Heating

Forced Air, Hot Water

Cooling

None

Features

Flooring: Tile, Vinyl, Wood
Basement: Interior Entry,Unfinished

Interior area

Total structure area: 5,134
Total interior livable area: 5,134 sqft
Finished area above ground: 5,134
Finished area below ground: 0

Property

Parking

Parking features: Gravel, 5 - 10 Spaces

Features

Levels: Multi/Split

Lot

Size: 4,791 Square Feet
Features: City Lot, Near Turnpike/Interstate, Near Town, Level, Open Lot, Sidewalks

Details

Parcel number: LEWIM196L096
Zoning: DR

Construction

Type & style

Home type: MultiFamily
Architectural style: Other
Property subtype: Multi Family

Materials

Wood Frame, Asbestos, Vinyl Siding
Roof: Flat,Shingle

Condition

Year built: 1921

Utilities & green energy

Electric: Circuit Breakers
Sewer: Public Sewer
Water: Public
Utilities for property: Utilities On

Community & HOA

Location

Region: Lewiston

Financial & listing details

Price per square foot: $114/sqft
Tax assessed value: $105,600
Annual tax amount: $3,010
Date on market: 7/14/2023
Road surface type: Paved

Price history

Date	Event	Price
8/28/2023	Sold	$585,000+17.2%$114/sqft
Source: Maine Listings #1565303 Report a problem
7/21/2023	Pending sale	$499,000$97/sqft
Source: Maine Listings #1565303 Report a problem
7/14/2023	Listed for sale	$499,000$97/sqft
Source: Maine Listings #1565303 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$3,355 +5.9%	$105,600
2023	$3,168 +5.2%	$105,600
2022	$3,010 +0.9%	$105,600
2021	$2,984 -1.5%	$105,600
2020	$3,028 -0.8%	$105,600
2019	$3,053 +0.8%	$105,600
2018	$3,028 +2.3%	$105,600
2017	$2,959 +1.8%	$105,600
2016	$2,908 -9.3%	$105,600 -9.8%
2015	$3,206	$117,120