Welcome to this great investment opportunity in Lewiston! This charming 2-unit property offers the perfect blend of comfort and convenience. Each unit features 2 bedrooms and 1 bath, providing ample space for tenants to enjoy.
With laundry hook-ups available in each unit, tenants will appreciate the added convenience and functionality. But that's not all—this property boasts great income potential, making it an ideal choice for investors.
Both units are currently leased, ensuring immediate cash flow for the new owner. Plus, recent upgrades add even more value to this property. Two newly installed heat pumps in each unit guarantee efficient heating and cooling throughout the year, ensuring tenant comfort and lower utility costs.
Unit 2 received additional upgrades, including a new fridge in 2024 and a new range in 2023, enhancing its appeal and functionality. Whether you're a seasoned investor or a first-time buyer, this property is a must-see!
Don't miss out on this incredible opportunity to own a well-maintained and income-generating property in Lewiston.
Closed
$325,000
25 Newman Street, Lewiston, ME 04240
4beds
1,944sqft
Multi Family
Built in 1947
-- sqft lot
$381,700 Zestimate®
$167/sqft
$1,968 Estimated rent
Home value
$381,700
$363,000 - $401,000
$1,968/mo
Zestimate® history
Owner options
List your home for rent
$1,968/mo
Rent Zestimate®
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$1,968/mo
Rent Zestimate®
Refinance and save
$1,648/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$1,648/mo
Est. payment
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List your homeWhat's special
Newly installed heat pumpsEfficient heatingNew fridgeNew rangeLaundry hook - ups
Zillow last checked:
Listing updated:
Listed by:
Keller Williams Realty
Bought with:
Four Points Real Estate, LLC
Source: Maine Listings,MLS#: 1583742
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Heat Pump, Hot Water, Radiant
Cooling
- Heat Pump
Features
- Bathtub, Shower, Storage
- Flooring: Carpet, Vinyl, Wood
- Basement: Bulkhead,Interior Entry,Full,Sump Pump,Unfinished
Interior area
- Total structure area: 1,944
- Total interior livable area: 1,944 sqft
- Finished area above ground: 1,944
- Finished area below ground: 0
Property
Parking
- Parking features: Paved, 1 - 4 Spaces, Off Street, Tandem
Features
- Stories: 2
- Patio & porch: Deck, Porch
Lot
- Size: 4,791 sqft
- Features: City Lot, Neighborhood, Level, Open Lot
Details
- Parcel number: LEWIM174L167
- Zoning: Residential
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Wood Frame, Shingle Siding, Wood Siding
- Foundation: Stone, Brick/Mortar
- Roof: Flat,Rolled/Hot Mop
Condition
- Year built: 1947
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Utilities On
Community & neighborhood
Location
- Region: Lewiston
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 4/26/2024 | Sold | $325,000-3%$167/sqft |
Source:  Maine Listings #1583742 Report a problem | ||
| 3/29/2024 | Pending sale | $335,000$172/sqft |
Source: Maine Listings #1583742 Report a problem | ||
| 3/15/2024 | Contingent | $335,000$172/sqft |
Source: Maine Listings #1583742 Report a problem | ||
| 3/8/2024 | Listed for sale | $335,000+20.9%$172/sqft |
Source: Maine Listings #1583742 Report a problem | ||
| 10/7/2022 | Sold | $277,000+16.6%$142/sqft |
Source: Maine Listings #1541731 Report a problem | ||
| 9/5/2022 | Pending sale | $237,500$122/sqft |
Source: Maine Listings #1541731 Report a problem | ||
| 8/31/2022 | Listed for sale | $237,500+67.8%$122/sqft |
Source: Maine Listings #1541731 Report a problem | ||
| 4/12/2019 | Sold | $141,500-5.7%$73/sqft |
Source: Maine Listings #1406660 Report a problem | ||
| 3/13/2019 | Listed for sale | $150,000+9.5%$77/sqft |
Source: Bean Group #1406660 Report a problem | ||
| 5/29/2015 | Sold | $137,000$70/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,368 +12.3% | $106,000 +6% |
| 2023 | $3,000 +5.3% | $100,000 |
| 2022 | $2,850 +0.8% | $100,000 |
| 2021 | $2,826 -1.4% | $100,000 |
| 2020 | $2,867 -0.6% | $100,000 +0.2% |
| 2019 | $2,885 +13.1% | $99,800 +12.2% |
| 2018 | $2,551 +2.3% | $88,980 |
| 2017 | $2,493 +1.7% | $88,980 |
| 2016 | $2,451 +0.7% | $88,980 |
| 2015 | $2,435 | $88,980 |
Find assessor info on the county website
Neighborhood: 04240
Nearby schools
GreatSchools rating
- 2/10Farwell Elementary SchoolGrades: PK-6Distance: 0.3 mi
- 1/10Lewiston Middle SchoolGrades: 7-8Distance: 0.3 mi
- 2/10Lewiston High SchoolGrades: 9-12Distance: 0.6 mi
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Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$381,700
2% more
+$7,634
With Zillow Showcase(estimated)
$389,334
- Maine
- Androscoggin County
- Lewiston
- 04240
- 25 Newman Street
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