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  • Price cut: $25.1K (8/30)
    $399,900

    171-175 Walnut Street, Lewiston, ME 04240

    5beds
    3,124sqft
    : 
    $2,736/mo
    Get pre-qualified
    Multi Family
    Built in 1926
    -- sqft lot
    $-- Zestimate®
    $128/sqft
    $-- HOA

    What's special

    Well-maintained three-unit propertyBrand-new roof
    TWO PARCELS. THREE HOMES. PLENTY OF POSSIBILITIES. Well maintained. Brand-new roof. Parking for up to 8 vehicles. One very versatile property. A rare double-parcel offering in Lewiston, 171 & 175 Walnut Street combines a well-maintained three-unit property with the adjoining vacant parcel at 175 Walnut Street--offering space, flexibility and possibilities that are increasingly difficult to find. Whether you are looking for a home of your own with rental income to help offset expenses, space for extended family, or a solid investment for the future, this property offers plenty of options. The spacious 3-bedroom unit is currently vacant and ready to occupy, while the two 1-bedroom apartments provide established rental income, with rent increases currently in process. The property has been well maintained, with a brand-new roof adding peace of mind for the next owner. Outside, there is an exceptional amount of off-street parking with space for up to 8 vehicles, plus a detached 2-car garage providing additional parking, storage or workshop space. This could also be additional rental income. And then there is 175 Walnut Street--the adjoining vacant parcel included in the sale. Having two separate parcels creates a huge garden with great additional outdoor space and flexibility today, together with intriguing possibilities for the future, subject to municipal approvals. Balcony decks and rear porches offer plenty of outdoor fresh air plus place to relax For an owner-occupant, this could be a particularly appealing way to own a home: move straight into the vacant 3-bedroom unit and enjoy the benefit of income already coming in from the other two apartments. For an investor, the property offers established income with further potential over time. 171 & 175 Walnut Street are being sold together. Any future use or development of the vacant parcel is subject to applicable municipal approvals and deed restrictions. **Contains some AI enhanced imagery
    51 days
    147
    16

    Zillow last checked:

    Listing updated:

    Listed by:

    Keller Williams Realty 207-553-2662

    Source: Maine Listings,MLS#: 1672103MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 3
      • Full bathrooms: 3
      Heating
      • Baseboard, Hot Water, Radiator, Steam
      Cooling
      • Wall Unit(s)
      Features
      • 1st Floor Bedroom, Bathtub, Shower, Storage
      • Flooring: Carpet, Vinyl, Wood
      • Basement: Interior Entry,Full,Unfinished
      Interior area
      • Total structure area: 3,124
      • Total interior livable area: 3,124 sqft
      • Finished area above ground: 3,124
      • Finished area below ground: 0

      Property

      Parking
      • Total spaces: 2
      • Parking features: Paved, 1 - 4 Spaces, On Site, Off Street, Garage Door Opener, Detached
      • Garage spaces: 2
      Features
      • Levels: Multi/Split
      • Patio & porch: Deck, Porch, Screened
      Lot
      • Size: 9,583 Square Feet
      • Features: City Lot, Near Golf Course, Near Shopping, Neighborhood, Open Lot, Rolling Slope, Sidewalks, Landscaped
      Details
      • Parcel number: LEWI000195000000000153
      • Zoning: NCA
      • Other equipment: Cable, Internet Access Available

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Other
      • Property subtype: Multi Family
      Materials
      • Wood Frame, Vinyl Siding, Wood Siding
      • Foundation: Poured Concrete, Brick/Mortar
      • Roof: Membrane,Shingle
      Condition
      • Year built: 1926

      Utilities & green energy

      • Electric: Circuit Breakers
      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Location
      • Region: Lewiston

      Financial & listing details

      • Price per square foot: $128/sqft
      • Annual tax amount: $5,050
      • Date on market: 7/16/2026
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        8/30/2026Price change$399,900-5.9%$128/sqft
        Source: Maine Listings #1672103 Report a problem
        7/24/2026Price change$425,000-5.6%$136/sqft
        Source: Maine Listings #1672103 Report a problem
        7/16/2026Listed for sale$450,000$144/sqft
        Source: Maine Listings #1672103 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

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        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 04240

        Getting around

        71 / 100
        Very Walkable
        48 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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