280 Pine ST, Lewiston, ME 04240
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280 Pine ST, Lewiston, ME 04240
280 Pine ST, Lewiston, ME 04240
280 Pine ST, Lewiston, ME 04240
280 Pine ST, Lewiston, ME 04240
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Nathan Norton

Nathan Norton

+1(207) 798-1544
Listed by Dustin Mallar Maine Source Realty
$ 495,000
Est. payment /mo
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280 Pine ST Lewiston, ME 04240

3 Baths

5,355 SqFt

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

Maine MLS (MREIS) IDX

NEARBY SCHOOLS & PROPERTIES

Nathan Norton

Nathan Norton

Broker Associate License ID: BA921597

+1(207) 798-1544

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280 Pine ST