Price Reduced 12.16%

$549,000

Pending

Est. Mortgage $0/mo *

Quick Pre-Approval

Brochure

Call Text Schedule Tour Request More Information

Price History

$625,000
9/17/2024

$595,000
10/15/2024

$549,000
11/13/2024

26 Webster Street, Lewiston, ME, 04240

View larger map Directions

5 Full baths

1939

Multi-Level, New Englander

6,314 sqft

Introducing an exceptional investment opportunity in the heart of a thriving rental market: a 5-unit apartment building with impressive cash flow potential. This well-maintained property offers a robust rental income stream, making it an ideal addition to any real estate portfolio. Situated in a dynamic neighborhood with strong demand for rental properties, this building benefits from a vibrant local market where vacancies are low and rental rates are on the rise. The area's steady economic growth and increasing population contribute to a favorable environment for landlords seeking reliable returns. Each unit provides ample living space and functional layouts, ensuring broad appeal to a diverse range of tenants. With a touch of TLC, this property could see significant appreciation. Updating the interiors and enhancing common areas could not only increase the rental income but also elevate the property's overall value. Whether you're a seasoned investor or just starting out, this property offers a solid foundation and promising upside. Take advantage of the current market trends and unlock the full potential of this high-cash-flow investment.

Status:

Pending

Type:

Multi-family

Laundry Remarks:

Washer Hookup

Units:

Zoning:

Frontage:

100

Garage:

1-car

Heating:

Baseboard

Cooling:

None

Basement:

Full, Interior Entry, Unfinished

Levels:

Parking:

5 - 10 Spaces, Paved, On Site

Acreage:

0.19

Est. Taxes:

$4,575

Construction

Vinyl Siding, Wood Frame

Utilities

Utilities On

Lot Description:

Level, Open Lot, Sidewalks, Intown, Near Shopping, Near Turnpike/Interstate, Neighborhood

MLS #:

1604003

Community Info

School Info

Walk Score

Mass Transit

Yelp

Similar Properties

$524,000

3.5 baths

1,790 sqft

20 Canal Street, Machias, ME, 04654

Price Reduced!

$524,000

3 baths

3,968 sqft

2 Western Avenue, Hampden, ME, 04444

$599,999

2 baths

2,208 sqft

108 Eight Rod Road, Augusta, ME, 04330

$550,000

3 baths

2,228 sqft

2 Granite Street, Biddeford, ME, 04005

$499,000

5 baths

4,514 sqft

430 Court Street, Auburn, ME, 04210

$599,000

2 baths

1,964 sqft

852 Gray Road, Gorham, ME, 04038

$600,000

2.5 baths

1,584 sqft

8/10 Devonshire Street, Portland, ME, 04103

$549,900

2 baths

1,194 sqft

53 Tenney Hill Road, Kittery, ME, 03905

$525,000

4 baths

2,784 sqft

19 Market Lane, Brunswick, ME, 04011

Price Reduced!

$599,900

2 baths

2,040 sqft

59 Manson Road, Kittery, ME, 03904

$525,000

2 baths

2,380 sqft

10 Herring Avenue, Biddeford, ME, 04005

$600,000

5 baths

5,477 sqft

121 Fraser Avenue, Madawaska, ME, 04756

$550,000

2 baths

1,903 sqft

19 Harding Street, Biddeford, ME, 04005

Price Reduced!

$528,900

2.5 baths

2,100 sqft

25 State Street, Castine, ME, 04421

$500,000

6,792 sqft

116 Main Road, Islesboro, ME, 04848

$595,000

4 baths

4 baths

2,500 sqft

25 Maple Street, Bridgton, ME, 04009

Listing courtesy of Hearth & Key Realty 207-223-6325

$549,000

Price History

26 Webster Street, Lewiston, ME, 04240

Community Info

School Info

Walk Score

Mass Transit

Yelp

Similar Properties

$524,000

20 Canal Street, Machias, ME, 04654

$524,000

2 Western Avenue, Hampden, ME, 04444

$599,999

108 Eight Rod Road, Augusta, ME, 04330

$550,000

2 Granite Street, Biddeford, ME, 04005

$499,000

430 Court Street, Auburn, ME, 04210

$599,000

852 Gray Road, Gorham, ME, 04038

$600,000

8/10 Devonshire Street, Portland, ME, 04103

$549,900

53 Tenney Hill Road, Kittery, ME, 03905

$525,000

19 Market Lane, Brunswick, ME, 04011

$599,900

59 Manson Road, Kittery, ME, 03904

$525,000

10 Herring Avenue, Biddeford, ME, 04005

$600,000

121 Fraser Avenue, Madawaska, ME, 04756

$550,000

19 Harding Street, Biddeford, ME, 04005

$528,900

25 State Street, Castine, ME, 04421

$500,000

116 Main Road, Islesboro, ME, 04848

$595,000

102 Congress Street, Belfast, ME, 04915

New or Coming Soon Properties

$489,900

5 Wakefield Avenue, Saco, ME, 04072

$499,000

8 Cornerbrook Circle, Windham, ME, 04062

$525,000

7 Ice House Road, Fryeburg, ME, 04037

$530,000

251 Alfred Street, Biddeford, ME, 04005

$499,999

81 Howard Street, Lewiston, ME, 04240

$575,000

22 Weymouth Road, Gray, ME, 04039

$522,500

10 Maple Street, Westbrook, ME, 04092

$599,900

611 Forest Avenue, Portland, ME, 04101

$595,000

130 Western Avenue, Auburn, ME, 04210

$480,000

25 Maple Street, Bridgton, ME, 04009

26 Webster Street, Lewiston, ME, 04240

Your Raveis Experience

Your best can only get better...