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Chris Faulhaber

chrisfaulhaber@portsidereg.com +1(207) 239-9340

Listed by Dustin Mallar Maine Source Realty

$495,000

Est. payment - /mo

3 Baths

5,355 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,355 sqft

Price per Sqft $92

MLS Listing ID 1680737

Full Baths 3

HOA Y/N No

Year Built 1922

Tax Year 2025

Lot Size 6,534 Sqft

Acres 0.15

Source Maine Listings

Land Area 5355

Property Description

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.

Location

State ME

County Androscoggin

Zoning OR

Rooms

Basement Interior Entry, Full, Brick/Mortar

Interior

Interior Features 1st Floor Bedroom, Bathtub, In-Law Floorplan

Heating Gas Natural, Hot Water, Radiant, Radiator

Cooling None

Flooring Laminate, Vinyl, Wood, Linoleum

Equipment Cable

Laundry Main Level, Upper Level, Washer Hookup

Exterior

Parking Features Gravel, 5 - 10 Spaces, On Site

Roof Type Flat,Membrane

Porch Porch

Garage No

Building

Lot Description Intown, Sidewalks, Near Public Transit

Foundation Poured Concrete, Brick/Mortar

Water Public

Architectural Style Other

Others

Tax ID LEWI-000174-000000-000098

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Chris Faulhaber

+1(207) 239-9340

Agent State License Number SA930528

280 Pine ST Lewiston, ME 04240

Chris Faulhaber

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby Locations

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