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  • $410,000

    187 East Avenue, Lewiston, ME 04240

    6beds
    2,452sqft
    Multi Family
    Built in 1927
    -- sqft lot
    $430,000 Zestimate®
    $167/sqft
    $1,962 Estimated rent

    Home value

    $430,000

    $370,000 - $499,000

    $1,962/mo

    Zestimate® history
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    $2,078/mo

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    What's special

    Spacious bedroomsEfficient natural gas heatingGenerous living space
    Presenting an exceptional investment opportunity: a meticulously maintained two-unit building, each featuring three spacious bedrooms. This property boasts a robust tenant history and attractive amenities, making it an appealing choice for savvy investors as well as those in search of a roomy multi-family residence. The expansive floor plans offer generous living space, with each unit designed to meet the needs of its occupants. The building is equipped with efficient natural gas heating, ensuring reliable warmth and comfort for all residents, which is a significant advantage for both tenants and property owners alike. What makes this offer even more enticing is the inclusion of an additional lot located at 40 Tampa Street, which adds considerable value to the overall property. With a strong track record of reliable tenants, this building promises a consistent rental income stream, making it a smart investment option. The dependable cash flow and established history provide confidence for investors looking for a profitable opportunity. Located in a sought-after area, this property offers easy access to a variety of amenities, including shopping, dining, and entertainment options. Its convenient proximity to transportation hubs and major thoroughfares makes commuting and travel a breeze. Whether you are an investor aiming for a lucrative income-generating property or a homeowner wanting to create additional revenue, this two-unit building is the perfect fit.

    Zillow last checked:

    Listing updated:

    Listed by:

    Portside Real Estate Group

    Bought with:

    Fontaine Family-The Real Estate Leader

    Source: Maine Listings,MLS#: 1615036MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Baseboard, Zoned
    Cooling
    • None
    Features
    • 1st Floor Bedroom, Storage
    • Flooring: Carpet, Vinyl, Wood
    • Basement: Interior Entry,Full,Unfinished
    Interior area
    • Total structure area: 2,452
    • Total interior livable area: 2,452 sqft
    • Finished area above ground: 2,452
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: Gravel, 5 - 10 Spaces
    Features
    • Levels: Multi/Split
    • Stories: 2
    • Patio & porch: Deck
    Lot
    • Size: 0.34 Acres
    • Features: City Lot, Near Shopping, Near Town, Neighborhood, Retail Strip, Level, Open Lot, Sidewalks
    Details
    • Parcel number: LEWIM174L328
    • Zoning: NCA

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: New Englander,Other
    • Property subtype: Multi Family
    Materials
    • Wood Frame, Asbestos
    • Roof: Flat
    Condition
    • Year built: 1927

    Utilities & green energy

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

    Community & HOA

    Community
    • Security: Security System
    Location
    • Region: Lewiston

    Financial & listing details

    • Price per square foot: $167/sqft
    • Tax assessed value: $87,060
    • Annual tax amount: $2,766
    • Date on market: 2/26/2025
    • Road surface type: Paved

    Price history

    DateEventPrice
    5/9/2025Sold$410,000+2.5%$167/sqft
    Source: Maine Listings #1615036 Report a problem
    3/3/2025Pending sale$399,900$163/sqft
    Source: Maine Listings #1615036 Report a problem
    2/26/2025Listed for sale$399,900+33.3%$163/sqft
    Source: Maine Listings #1615036 Report a problem
    6/22/2023Sold$300,000+9.1%$122/sqft
    Source: Maine Listings #1558926 Report a problem
    5/25/2023Pending sale$275,000$112/sqft
    Source: Maine Listings #1558926 Report a problem
    5/15/2023Listed for sale$275,000+266.7%$112/sqft
    Source: Maine Listings #1558926 Report a problem
    3/30/2012Sold$75,000$31/sqft
    Source: Maine Listings #1036824 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$2,766 +5.9%$87,060
    2023$2,612 +5.3%$87,060
    2022$2,481 +0.9%$87,060
    2021$2,460 -1.4%$87,060
    2020$2,496 -0.8%$87,060
    2019$2,517 +0.8%$87,060
    2018$2,496 +2.3%$87,060
    2017$2,439 +1.7%$87,060
    2016$2,398 +0.6%$87,060
    2015$2,383 $87,060
    Find assessor info on the county website

    Neighborhood: 04240

    Nearby schools

    GreatSchools rating
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    $430,000
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    +$8,600
    With Zillow Showcase(estimated)
    $438,600