We are pleased to present 127 Howe Street for sale - a five-unit market-rate multi-family asset located in the heart of downtown Lewiston, Maine. Comprising two detached wood-frame buildings on a 0.31± acre parcel, the property combines a strong in-place income stream with meaningful value-add upside through its substantial surplus land area.
The property consists of a front building (three units, 2-3 stories) and a fully gut-renovated rear building (two units), constructed circa 1896 and extensively updated beginning in 2021. All five units are two-bedroom/one-bath configurations of varying sizes. Unit interiors are in good condition, with the rear building reflecting above-average condition following a complete renovation from the studs, including new plumbing, electrical, flooring,
and modern bathroom tile surrounds. The front building has received select updates to flooring and mechanicals.
The property presents a compelling combination of near-term income stability and longer-term development optionality - rare in the current Lewiston/Auburn multifamily market.
83 days
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17
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0
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Zillow last checked:
Listing updated:
Listed by:
The Dunham Group
Source: Maine Listings,MLS#: 1660921
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 10
Bathrooms: 5
Full bathrooms: 5
Heating
Baseboard, Hot Water
Cooling
None
Features
Storage
Flooring: Laminate
Basement: Interior Entry,Full,Unfinished
Interior area
Total structure area: 5,596
Total interior livable area: 5,596 sqft
Finished area above ground: 5,596
Finished area below ground: 0
Property
Parking
Parking features: Paved, On Site
Features
Levels: Multi/Split
Lot
Size: 0.31 Acres
Features: City Lot, Neighborhood, Level, Sidewalks
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.