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89 Pine St, Lewiston, ME 04240

$439,000
•
  • 6

    bed

  • 3

    bath

  • 1,541

    Sqft ($285/Sqft)

Multi-family for sale 4 days

About 89 Pine St

Property type Multi-family
Neighborhood
Year built 1880
HOA fee $0/month
Lot size 1,742 Sqft
Movoto estimate
Property description
Step into an established, cash-flowing investment at 89 Pine Street in Lewiston. This turnkey lodging house features five rental rooms and a separate one-bedroom apartment. Recent improvements include a new roof, new windows, electrical updates, and an alarm system installed in 2024, plus fresh paint throughout. An electric heat pump water heater is another practical upgrade, and the small refrigerators in each room convey with the sale. With rental income already in place, this ready-to-go property offers an opportunity to start or expand your investment portfolio. Income and expense information is available for review. The property is currently licensed as a lodging house; new owners must apply with the City of Lewiston for licensing to continue that use. Picture residents coming home to a comfortable space of their own, with the convenience of in-town living just outside the door.
Listed by
Listing Agent - Michael Emmert
Listing Agent Contact: 2077133144
Listing Office - Hearth & Key Realty
Source: MREIS mls logo
MLS#1685668 • last updated 4 days ago
Movoto checked MREIS for data 7 minutes ago
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Overview
Heating Oil, Baseboard
Levels/Style Rooming House
MLS # 1685668
Virtual Tour External Link
SqFt 1541
Status Active
Lot Size (Acres) 0.04
Lot Size (Sqft) 1742.4
Property Tax 1825
Year Built 1880
Interior
Total # of Bathrooms 3
# Full Baths 3
Flooring Vinyl, Hardwood
Interior Features 1st Floor Bedroom
Exterior
Roof Shingle
Foundation Block, Brick/Mortar
Construction Wood Frame, Vinyl Siding
Parking No Driveway, None, On Street
Patio/ Porch Porch
Lot Features Business District, Intown, Near Shopping, Near Turnpike/Interstate, Neighborhood, Level, Sidewalks, Near Public Transit
Amenities / Utilities
Water Source Public
Security Features Fire System
Location
Zoning DR
Multifamily Details
Total # Of Units 6
Operating Expense 12231
Gross Income 75300
Lot/ Land Details
Road Surface Paved
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  • Real Estate
  • ME
  • Androscoggin County
  • Lewiston
  • 04240
  • Downtown Lewiston
  • 89 Pine St

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