INVESTMENT OPPORTUNITY IN LEWISTON! Discover the potential at 280 Pine St, a three-unit multifamily property offering an excellent opportunity for investors seeking strong rental income and additional upside. The property features three fully occupied spacious 3-bedroom+ units, each currently renting for $2,000+ per month, producing $72,000+ in gross annual rental income. Each unit offers the convenience of dedicated laundry, along with its own covered porch. The property also includes a separate maintenance unit/storage area with a bathroom, offering additional utility and flexibility for ownership or property operations. The property does need some TLC, including vinyl siding repairs and remodeling, making this an attractive opportunity for an investor looking to improve the property and add value while maintaining an established income stream. With strong rents, multiple bedrooms per unit, dedicated laundry, covered porches, and additional storage space, 280 Pine St offers a compelling combination of current cash flow and future potential. Bring your vision and capitalize on the opportunity to improve and maximize this Lewiston multifamily property. *Property is being sold as-is and likely does not qualify for some loan types in its current condition. Interior photos were taken a year ago prior to currant tenancy.
Active
$495,000
280 Pine Street, Lewiston, ME 04240
9beds
5,355sqft
Multi Family
Built in 1922
-- sqft lot
$482,400 Zestimate®
$92/sqft
$-- HOA
What's special
Covered porchesMultiple bedrooms per unit
- 23 days
- 181
- 14
Zillow last checked:
Listing updated:
Listed by:
Maine Source Realty
Source: Maine Listings,MLS#: 1680737
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Hot Water, Radiant, Radiator
Cooling
- None
Features
- 1st Floor Bedroom, Bathtub, In-Law Floorplan
- Flooring: Laminate, Vinyl, Wood, Linoleum
- Basement: Interior Entry,Full,Brick/Mortar
Interior area
- Total structure area: 5,355
- Total interior livable area: 5,355 sqft
- Finished area above ground: 5,355
- Finished area below ground: 0
Property
Parking
- Parking features: Gravel, 5 - 10 Spaces, On Site
Features
- Patio & porch: Porch
Lot
- Size: 6,534 Square Feet
- Features: City Lot, Sidewalks
Details
- Parcel number: LEWIM174L098
- Zoning: OR
- Other equipment: Cable
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Wood Frame, Vinyl Siding
- Foundation: Poured Concrete, Brick/Mortar
- Roof: Flat,Membrane
Condition
- Year built: 1922
Utilities & green energy
- Electric: On Site, Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Lewiston
Financial & listing details
- Price per square foot: $92/sqft
- Tax assessed value: $136,560
- Annual tax amount: $4,476
- Date on market: 9/15/2026
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
$482,400
$458,000 - $507,000
$1,916/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/15/2026 | Listed for sale | $495,000+330.4%$92/sqft |
Source: | ||
| 10/29/2014 | Sold | $115,000+78.3%$21/sqft |
Source: | ||
| 6/13/2014 | Sold | $64,500$12/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,339 +5.9% | $136,560 |
| 2023 | $4,097 +5.3% | $136,560 |
| 2022 | $3,892 +0.9% | $136,560 |
| 2021 | $3,859 -1.4% | $136,560 |
| 2020 | $3,915 -0.8% | $136,560 |
| 2019 | $3,948 +0.8% | $136,560 |
| 2018 | $3,915 +2.3% | $136,560 |
| 2017 | $3,826 +1.7% | $136,560 |
| 2016 | $3,761 +0.6% | $136,560 |
| 2015 | $3,738 | $136,560 |
Find assessor info on the county website
Monthly payment
Est. payment








