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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Tax Information

Parcel Number LEWI-000195-000000-000485
Taxes$4,339

Location

Address12-14 College Street
Building Number12-14
CountyAndroscoggin
StateME
StreetCollege Street
TownLewiston
Zip04240

Exterior

Exterior Asbestos
RoofFlat, Shingle, Tar/Gravel

Amenities

Other AmenitiesBasement
PetsNo Restrictions

Water Body

Water AccessPublic

Other

Date Listed03/25/2026
Unit 1 Full Baths 1
Unit 1 Lease Yes
Unit 1 Level First
Unit 1 Monthly Rent $1,270
Unit 1 Rooms 4
Unit 1 Water Yes
Unit 2 Full Baths 1
Unit 2 Level Second
Unit 2 Rooms 4
Unit 2 Water Yes
Unit 3 Full Baths 1
Unit 3 Level Third
Unit 3 Rooms 4
Unit 3 Water Yes
Unit 4 Full Baths 1
Unit 4 Lease Yes
Unit 4 Level First
Unit 4 Monthly Rent $1,400
Unit 4 Rooms 4
Unit 4 Water Yes

Parking

Parking 1 - 4 Spaces
Parking Features Gravel,1 - 4 Spaces

Basic Information

List Price$669,900
LocationTypeIntown, Neighborhood
MLS Number1655365
Property TypeMulti-Family
StatusPEN

Property

Road Surface Type Paved
Site Level, Sidewalks

Utilities

Electric Circuit Breakers
Heat SystemGas Natural, Hot Water, Zoned
Heating FuelGas Natural
Heating YN Yes
Waste Water DisposalPublic Sewer

Rooms

Bathroom6
Bathrooms Total Decimal 6
Full Bath6

Building

BasementInterior Entry, Full, Unfinished
Building ConstructionWood Frame
Flooring Carpet, Tile, Vinyl, Wood
FoundationBrick/Mortar
Property StyleOther
Stories3
Units6
Year Built1886

Property Information

Acreage0.1
Lot Features Intown, Neighborhood, Level, Sidewalks, Near Public Transit
Square Feet6,240

Legal

ZoningCV

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12-14 College StreetLewiston, ME 04240Price: $669,900

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