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Listed by Malachi Winslow Keller Williams Realty
$ 585,000
Est. payment /mo
Open Sat 11AM-12PM
78 Howard ST Lewiston, ME 04240
6 Baths
7,200 SqFt
Open House
Sat Jun 06, 11:00am - 12:00pm
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,200 sqft
Price per Sqft $81
MLS Listing ID 1665292
Full Baths 6
HOA Y/N No
Year Built 1925
Tax Year 2026
Lot Size 4,791 Sqft
Acres 0.11
Source Maine Listings
Land Area 7200
Property Description
OPEN HOUSES - Friday the 5th, from 4:30 - 6pm and Saturday the 6th, from 11am - 12pm
Your next investment is already running smoothly.
It is time to let your money work for you - not the other way around! 78 Howard Street is the kind of deal every investor is looking for. Already under professional management, with many major expenses already taken care of. But not so upgraded that it has lost any potential for value add. A new investor can make a few light changes, fill vacancy, and step into potential increased equity.
Once filled at market rent you're looking at right around a 10% cap rate. The existing management team knows the property and wants to stay on. No hassle of interviewing management, trying to keep your records straight, or adding personnel to your current team to handle more units. At $585,000, this is an accessible entry point into Lewiston's growing rental market with a clear, low-effort path to full stabilization.
Schedule your showing today!
Your next investment is already running smoothly.
It is time to let your money work for you - not the other way around! 78 Howard Street is the kind of deal every investor is looking for. Already under professional management, with many major expenses already taken care of. But not so upgraded that it has lost any potential for value add. A new investor can make a few light changes, fill vacancy, and step into potential increased equity.
Once filled at market rent you're looking at right around a 10% cap rate. The existing management team knows the property and wants to stay on. No hassle of interviewing management, trying to keep your records straight, or adding personnel to your current team to handle more units. At $585,000, this is an accessible entry point into Lewiston's growing rental market with a clear, low-effort path to full stabilization.
Schedule your showing today!
Location
State ME
County Androscoggin
Zoning DR
Rooms
Basement Interior Entry, Full, Unfinished
Interior
Heating Gas Natural, Baseboard
Cooling None
Flooring Wood
Exterior
Parking Features Paved, 1 - 4 Spaces, Off Street, On Street
Utilities Available Utilities On
Roof Type Flat
Garage No
Garage No
Building
Lot Description Intown, Level
Foundation Stone, Brick/Mortar
Water Public
Architectural Style Other
Level or Stories 3
Others
Tax ID LEWI-000195-000000-000232
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