12-14 College St, Lewiston, ME 04240
- $625,000
- 6
- BA
- 6,240
- SqFt
Listing courtesy of EXP Realty.
Selling Office: Portside Real Estate Group.- Sold Price
- $625,000
- List Price
- $669,900
- Closing Date
- Jun 30, 2026
- MLS#
- 1655365
- Status
- CLOSED
- Type
- Multifamily
- City
- Lewiston
- County
- Androscoggin
- Bathrooms
- 6
- Living Area
- 6,240
- Lot Size
- 4,356
- Year Built
- 1886
Property Description
Located in Lewiston, this well-maintained 6-unit multifamily property presents a strong opportunity for investors seeking immediate cash flow and long-term stability. The building has undergone significant upgrades, including new siding, a new furnace, and cosmetic improvements across all units. Currently profitable with a high cap rate, this asset stands out as a solid buy-and-hold investment in today's market. Two units are currently vacant with leasing, making the property easy to show. Once those units are leased, the monthly rent roll will exceed $9,000. The property is professionally managed by Simplified Management and management is willing to continue services for the new owner if desired. With major systems already updated and income potential in place, this is an attractive, turnkey investment opportunity for anyone looking to get started or add to an existing portfolio.
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Additional Information
- Living Area
- 6,240
- Electric
- Circuit Breakers
- Water
- Public
- Basement
- Interior Entry, Full, Unfinished
- Cooling
- None
- Year Built
- 1886
- Acres
- 0.10
- Roof
- Flat, Shingle, Tar/Gravel
- Foundation
- Brick/Mortar
- Style
- Other
- Stories
- 3
- Courtesy Of Listing Office
- EXP Realty
- Courtesy Of Selling Office
- Portside Real Estate Group
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