Exceptional Cash Flow Property with Major Upgrades!
Fully occupied and cash flowing, this 5-unit multifamily property is an investor's dream! Featuring 2 spacious two-bedroom units and 3 cozy one-bedroom units, this building is generating an impressive gross annual income of $66,000, with a net of more than $50,000 per year.
Recent upgrades include a brand new roof and high-efficiency natural gas heat and hot water systems, installed just 3 years ago, ensuring low operating costs for years to come. The big-ticket items have already been taken care of, making this property a hassle-free investment with minimal future capital expenditures.
Located in a high-demand rental area, this property is well-positioned for continued success. Don't miss out on this turnkey opportunity with stable tenants and excellent returns!
Key Features:
2 x 2-bedroom units, 3 x 1-bedroom units
Gross income: $66,000/year
Net income: More than $50,000/year
New roof and efficient heating systems (3 years old)
Natural gas heating and hot water
Fully occupied with stable tenants
Invest now and start earning immediate cash flow!
Closed
$375,000
68 Howe Street, Lewiston, ME 04240
7beds
4,811sqft
Multi Family
Built in 1866
-- sqft lot
$442,800 Zestimate®
$78/sqft
$-- Estimated rent
Home value
$442,800
$394,000 - $496,000
Not available
Zestimate® history
Owner options
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$2,522/mo
Est. payment
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$2,522/mo
Est. payment
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Maine Source Realty
Bought with:
Hearth & Key Realty
Source: Maine Listings,MLS#: 1605669
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 5
- Full bathrooms: 5
Heating
- Baseboard, Hot Water
Cooling
- None
Features
- Flooring: Other, Vinyl
- Basement: Interior Entry,Full,Unfinished
Interior area
- Total structure area: 4,811
- Total interior livable area: 4,811 sqft
- Finished area above ground: 4,811
- Finished area below ground: 0
Property
Parking
- Parking features: No Driveway, None
Features
- Levels: Multi/Split
Lot
- Size: 3,049 Square Feet
- Features: City Lot, Near Shopping, Level, Open Lot, Right of Way
Details
- Zoning: DR
- Other equipment: Internet Access Available
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Wood Frame, Vinyl Siding
- Foundation: Block
- Roof: Shingle
Condition
- Year built: 1866
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Utilities On
Community & HOA
Location
- Region: Lewiston
Financial & listing details
- Price per square foot: $78/sqft
- Annual tax amount: $3,536
- Date on market: 10/2/2024
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 7/27/2026 | Listing removed | $1,200 |
Source: Zillow Rentals Report a problem | ||
| 7/9/2026 | Listed for rent | $1,200 |
Source: Zillow Rentals Report a problem | ||
| 6/16/2026 | Listing removed | $1,200 |
Source: Zillow Rentals Report a problem | ||
| 5/12/2026 | Listed for rent | $1,200 |
Source: Zillow Rentals Report a problem | ||
| 1/9/2026 | Listing removed | $1,200 |
Source: Zillow Rentals Report a problem | ||
| 11/12/2025 | Price change | $1,200-7.7% |
Source: Zillow Rentals Report a problem | ||
| 9/23/2025 | Price change | $1,300-7.1% |
Source: Zillow Rentals Report a problem | ||
| 9/9/2025 | Listed for rent | $1,400 |
Source: Zillow Rentals Report a problem | ||
| 1/29/2025 | Sold | $375,000-9.6%$78/sqft |
Source: | ||
| 11/27/2024 | Pending sale | $415,000$86/sqft |
Source: | ||
| 11/14/2024 | Price change | $415,000-12.1%$86/sqft |
Source: | ||
| 11/2/2024 | Price change | $472,000-1.7%$98/sqft |
Source: | ||
| 10/2/2024 | Listed for sale | $480,000+26.3%$100/sqft |
Source: | ||
| 2/11/2023 | Listing removed | -- |
Source: | ||
| 8/18/2022 | Listed for sale | $380,000+192.5%$79/sqft |
Source: | ||
| 1/29/2021 | Sold | $129,900$27/sqft |
Source: | ||
| 11/19/2020 | Pending sale | $129,900$27/sqft |
Source: River's Edge Realty #1473746 Report a problem | ||
| 10/22/2020 | Listed for sale | $129,900$27/sqft |
Source: River's Edge Realty #1473746 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 04240
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Nearby schools
GreatSchools rating
- 1/10Montello SchoolGrades: PK-6Distance: 1.5 mi
- 1/10Lewiston Middle SchoolGrades: 7-8Distance: 0.5 mi
- 2/10Lewiston High SchoolGrades: 9-12Distance: 0.6 mi
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$442,800
2% more
+$8,856
With Zillow Showcase(estimated)
$451,656
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$442,800
2% more
+$8,856
With Zillow Showcase(estimated)
$451,656
- Maine
- Androscoggin County
- Lewiston
- 04240
- 68 Howe Street