Large, extensively updated two-unit property located at 65 Main Street in Lisbon, Maine, offering an excellent opportunity for an owner-occupant or investor looking for strong income potential with major recent capital improvements already completed. This property features two spacious units, including a recently and completely remodeled Unit 2, currently vacant and ready for potential owner occupancy or placement at market rent. Unit 1 is occupied by a strong long-term tenant. Overall rents appearing to be under market and offering future upside for rental income growth. Recent improvements include three new heat pumps installed in 2025, new heat-pump water heaters for both units, new hot-air furnaces for both units in 2026, some new appliances in Unit 2, new siding, some newer roofing, and several updated doors and windows. With tenants paying most utilities, low operating expenses, updated systems, and a large lot, this property is well positioned as a lower-maintenance investment with long-term stability and room for increased cash flow. Conveniently located in Lisbon's Main Street area, the property benefits from a community-focused setting with access to Route 196, the Androscoggin River corridor, local village amenities, and regional connections toward Lewiston/Auburn, Topsham, Brunswick, and the I-95/I-295 commuter routes. Lisbon's own downtown planning highlights its traditional mixed-use village centers, Main Street character, river access, and ongoing focus on revitalization, making this a compelling location for both tenants and future owners.
Active under contract
Price increase: $25.1K (5/30)
$349,000
65 Main Street, Lisbon, ME 04252
6beds
2,500sqft
Multi Family
Built in 1920
-- sqft lot
$361,900 Zestimate®
$140/sqft
$-- HOA
What's special
Large lotNew sidingTwo spacious unitsSome newer roofing
- 34 days |
- 134 |
- 3 |
Zillow last checked:
Listing updated:
Listed by:
EXP Realty
Source: Maine Listings,MLS#: 1663930
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 3
Heating
- Forced Air, Heat Pump
Cooling
- Heat Pump
Features
- 1st Floor Bedroom, Bathtub, Shower, Primary Bedroom w/Bath
- Flooring: Laminate, Vinyl, Wood
- Windows: Double Pane Windows
- Basement: Interior Entry,Unfinished
Interior area
- Total structure area: 2,500
- Total interior livable area: 2,500 sqft
- Finished area above ground: 2,500
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: Paved, 5 - 10 Spaces, Detached
- Garage spaces: 1
Features
- Patio & porch: Deck, Patio
Lot
- Size: 0.32 Acres
- Features: City Lot, Near Shopping, Near Town, Neighborhood, Level
Details
- Parcel number: LISNMU04L142
- Zoning: Res
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Cape Cod,New Englander
- Property subtype: Multi Family
Materials
- Wood Frame, Vinyl Siding
- Foundation: Stone, Brick/Mortar
- Roof: Pitched,Shingle
Condition
- Year built: 1920
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Lisbon
Financial & listing details
- Price per square foot: $140/sqft
- Tax assessed value: $279,800
- Annual tax amount: $4,823
- Date on market: 5/26/2026
- Road surface type: Paved
Estimated market value
$361,900
$344,000 - $380,000
$1,651/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/30/2026 | Contingent | $375,000+7.2%$150/sqft |
Source: | ||
| 5/26/2026 | Listed for sale | $349,900+179.9%$140/sqft |
Source: | ||
| 5/19/2023 | Sold | $125,000+257.1%$50/sqft |
Source: Agent Provided Report a problem | ||
| 3/12/2012 | Sold | $35,000$14/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,805 +13.1% | $279,800 +75.4% |
| 2023 | $3,365 -8.7% | $159,500 |
| 2022 | $3,684 +4.5% | $159,500 |
| 2021 | $3,525 -4.3% | $159,500 |
| 2020 | $3,684 0% | $159,500 |
| 2019 | $3,684 +25.8% | $159,500 +15.7% |
| 2018 | $2,929 +7.1% | $137,900 |
| 2017 | $2,735 -11.4% | $137,900 |
| 2016 | $3,089 | $137,900 +12.4% |
| 2015 | $3,089 +6.7% | $122,700 |
| 2014 | $2,894 +2.6% | $122,700 |
| 2013 | $2,822 +3.3% | $122,700 |
| 2012 | $2,731 +13.7% | $122,700 +7.3% |
| 2011 | $2,402 | $114,400 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 04252
Nearby schools
GreatSchools rating
- 4/10Lisbon Community SchoolGrades: PK-5Distance: 2.2 mi
- 7/10Philip W Sugg Middle SchoolGrades: 6-8Distance: 0.6 mi
- 2/10Lisbon High SchoolGrades: 9-12Distance: 0.7 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Maine
- Androscoggin County
- Lisbon Falls
- 04252
- 65 Main Street






