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  • $365,000

    274 Lisbon Street, Lisbon, ME 04250

    7beds
    2,424sqft
    Multi Family
    Built in 1900
    -- sqft lot
    $380,700 Zestimate®
    $151/sqft
    $1,852 Estimated rent

    Home value

    $380,700

    $331,000 - $442,000

    $1,852/mo

    Zestimate® history
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    What's special

    Two-car garageScenic river frontage
    Discover the potential of this well-located 2-unit building, ideally situated in the center of Lisbon. The property features one 3-bedroom unit and one 4-bedroom unit, offering flexibility for both investors and owner-occupants. The 3-bedroom unit has been recently updated, showcasing the possibilities for future upgrades throughout the building. The spacious 4-bedroom unit is primed for improvements, creating an excellent opportunity for rental growth. Both units are currently rented on a month-to-month basis, with the 3-bedroom unit generating $2,250 per month. Whether you're looking to owner-occupy and offset your mortgage or seeking a value-add investment, this property delivers. With some basic improvements and market-rate rents, investors could realize an impressive projected 13% capitalization rate. Additional highlights include: 200 feet of scenic river frontage A generous lot offering outdoor space A rare two-car garage—an uncommon find in the multifamily market This is a unique chance to own a versatile and income-generating property in one of Lisbon's most convenient locations. Don't miss out—schedule your showing today and explore all that this property has to offer.

    Zillow last checked:

    Listing updated:

    Listed by:

    Keller Williams Realty

    Bought with:

    Maine Real Estate Co

    Source: Maine Listings,MLS#: 1621474MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Forced Air
    Cooling
    • None
    Features
    • Flooring: Carpet, Laminate, Vinyl
    • Basement: Interior Entry,Walk-Out Access,Unfinished
    Interior area
    • Total structure area: 2,424
    • Total interior livable area: 2,424 sqft
    • Finished area above ground: 2,424
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 2
    • Parking features: Gravel, 1 - 4 Spaces
    • Attached garage spaces: 2
    Features
    • Has view: Yes
    • View description: Trees/Woods
    • Body of water: no name river
    • Frontage length: Waterfrontage: 200,Waterfrontage Owned: 200
    Lot
    • Size: 1.15 Acres
    • Features: Near Turnpike/Interstate, Near Town, Rolling Slope, Wooded
    Details
    • Parcel number: LISNMU16L075
    • Zoning: Gen Res

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: New Englander
    • Property subtype: Multi Family
    Materials
    • Wood Frame, Aluminum Siding
    • Foundation: Granite
    • Roof: Shingle
    Condition
    • Year built: 1900

    Utilities & green energy

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

    Community & HOA

    Location
    • Region: Lisbon

    Financial & listing details

    • Price per square foot: $151/sqft
    • Tax assessed value: $320,500
    • Annual tax amount: $4,359
    • Date on market: 5/5/2025

    Price history

    DateEventPrice
    6/25/2025Sold$365,000+4.6%$151/sqft
    Source: Maine Listings #1621474 Report a problem
    5/18/2025Pending sale$349,000$144/sqft
    Source: Maine Listings #1621474 Report a problem
    5/5/2025Listed for sale$349,000+67%$144/sqft
    Source: Maine Listings #1621474 Report a problem
    12/14/2020Sold$209,000-0.5%$86/sqft
    Source: Maine Listings #1471454 Report a problem
    11/3/2020Pending sale$210,000$87/sqft
    Source: RE/MAX Riverside #1471454 Report a problem
    10/21/2020Price change$210,000-6.7%$87/sqft
    Source: RE/MAX Riverside #1471454 Report a problem
    10/5/2020Listed for sale$225,000$93/sqft
    Source: RE/MAX Riverside #1471454 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$4,359 +25.7%$320,500 +95%
    2023$3,469 -17.8%$164,400 -10%
    2022$4,220 +16.2%$182,700 +11.1%
    2021$3,633 -4.3%$164,400
    2020$3,798 $164,400
    2019$3,798 +7.6%$164,400 +15.7%
    2018$3,530 +7.1%$142,100
    2017$3,297 +3.6%$142,100
    2016$3,183 +0.1%$142,100 +5.4%
    2015$3,180 -3.3%$134,800
    2014$3,289 +16.2%$134,800
    2011$2,831 $134,800
    Find assessor info on the county website

    Neighborhood: 04250

    Nearby schools

    GreatSchools rating
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    $380,700
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    With Zillow Showcase(estimated)
    $388,314