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  • $350,000

    720 Lisbon Street, Lewiston, ME 04240

    12beds
    4,458sqft
    Multi Family
    Built in 1916
    -- sqft lot
    $184,300 Zestimate®
    $79/sqft
    $1,735 Estimated rent

    Home value

    $184,300

    $158,000 - $214,000

    $1,735/mo

    Zestimate® history
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    $1,735/mo

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    $1,774/mo

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    $1,774/mo

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    What's special

    Spacious apartmentsGenerous living spacesOff-street parking
    Invest in a Unique 3-Unit Apartment Building in Lewiston, Maine! Discover the charm and opportunity in this distinctive 3-unit apartment building in the heart of Lewiston, Maine. Offering substantial rental income potential, this property is a rare find with its spacious apartments and extra lot for parking. Key Features: Three Large 3-4 Bedroom Units: Each apartment boasts generous living spaces, providing comfort and room to grow for tenants. These units are perfect for families or groups seeking ample space. Prime Location: Situated in a desirable area of Lewiston, this building offers easy access to local amenities, schools, and public transportation, making it an attractive choice for renters. Extra Lot for Off-Street Parking: The additional lot behind the building provides ample off-street parking, a highly sought-after feature that enhances tenant convenience and satisfaction. Old-World Charm: While the building is older and requires some TLC, it exudes a unique charm and character that can be revitalized with the right vision and investment. High Rental Demand: The large apartments command significant rents, ensuring a steady and lucrative income stream for savvy investors. Investment Opportunity: This property is not just a home; it's a canvas waiting for your creative touch. With some renovation and modernization, you can transform this building into an even more highly desirable rental property, maximizing its potential and boosting your return on investment. Don't miss out on this incredible opportunity to own a piece of Lewiston's history and capitalize on its future. Contact me today to schedule a viewing and explore the endless possibilities this property has to offer!

    Zillow last checked:

    Listing updated:

    Listed by:

    Keller Williams Realty

    Bought with:

    Keller Williams Realty

    Source: Maine Listings,MLS#: 1593934MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 12
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Baseboard, Hot Water
    Cooling
    • None
    Features
    • Flooring: Laminate, Wood
    • Basement: Interior Entry,Full,Unfinished,Brick/Mortar
    Interior area
    • Total structure area: 4,458
    • Total interior livable area: 4,458 sqft
    • Finished area above ground: 4,458
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: Gravel, 5 - 10 Spaces, Paved, Assigned, Off Street
    Features
    • Levels: Multi/Split
    • Stories: 3
    Lot
    • Size: 7,405 sqft
    • Features: City Lot, Near Shopping, Neighborhood, Level, Sidewalks
    Details
    • Parcel number: LEWIM197L051
    • Zoning: NCB

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Other
    • Property subtype: Multi Family
    Materials
    • Wood Frame, Vinyl Siding
    • Foundation: Stone, Brick/Mortar
    • Roof: Flat
    Condition
    • Year built: 1916

    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

    DateEventPrice
    5/8/2025Sold$350,000+5.4%$79/sqft
    Source: Maine Listings #1593934 Report a problem
    6/25/2024Pending sale$332,000$74/sqft
    Source: Maine Listings #1593934 Report a problem
    6/19/2024Listed for sale$332,000+16.5%$74/sqft
    Source: Maine Listings #1593934 Report a problem
    9/26/2022Sold$285,000-8.1%$64/sqft
    Source: Maine Listings #1536766 Report a problem
    7/22/2022Pending sale$310,000$70/sqft
    Source: Maine Listings #1536766 Report a problem
    7/18/2022Listed for sale$310,000+53.8%$70/sqft
    Source: Maine Listings #1536766 Report a problem
    10/30/2020Sold$201,500-1.7%$45/sqft
    Source: Maine Listings #1467059 Report a problem
    9/1/2020Listed for sale$205,000+22.4%$46/sqft
    Source: Meservier & Associates #1467059 Report a problem
    4/5/2019Sold$167,500+1.5%$38/sqft
    Source: Agent Provided Report a problem
    3/19/2019Listed for sale$165,000$37/sqft
    Source: Bean Group #1407253 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$4,451 +5.9%$140,100
    2023$4,203 +5.3%$140,100
    2022$3,993 +0.9%$140,100
    2021$3,959 +18.1%$140,100 +19.8%
    2020$3,352 -0.8%$116,900
    2019$3,380 +43.1%$116,900 +41.9%
    2018$2,362 +2.3%$82,380
    2017$2,308 +1.7%$82,380
    2016$2,269 +0.6%$82,380
    2015$2,255 $82,380

    Find assessor info on the county website

    Neighborhood: 04240

    Nearby schools

    GreatSchools rating
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    Sell for more on Zillow
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    $184,300
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    +$3,686
    With Zillow Showcase(estimated)
    $187,986