We are pleased to present 127 Howe Street for sale - a five-unit market-rate multi-family asset located in the heart of downtown Lewiston, Maine. Comprising two detached wood-frame buildings on a 0.31± acre parcel, the property combines a strong in-place income stream with meaningful value-add upside through its substantial surplus land area. The property consists of a front building (three units, 2-3 stories) and a fully gut-renovated rear building (two units), constructed circa 1896 and extensively updated beginning in 2021. All five units are two-bedroom/one-bath configurations of varying sizes. Unit interiors are in good condition, with the rear building reflecting above-average condition following a complete renovation from the studs, including new plumbing, electrical, flooring, and modern bathroom tile surrounds. The front building has received select updates to flooring and mechanicals. The property presents a compelling combination of near-term income stability and longer-term development optionality - rare in the current Lewiston/Auburn multifamily market.

More Info

Tax Information

Parcel Number LEWI-000196-000000-000168
Taxes$3,993

Location

Address127 Howe Street
Building Number127
CountyAndroscoggin
StateME
StreetHowe Street
TownLewiston
Zip04240

Interior

Interior Features Storage

Property Information

Acreage0.31
Lot Features Level, Sidewalks, Intown, Neighborhood
Square Feet5,596

Water Body

Water AccessPublic

Other

Date Listed05/06/2026
Unit 1 Full Baths 1
Unit 1 Level First
Unit 1 Monthly Rent $2,000
Unit 1 Rooms 5
Unit 1 Water Yes
Unit 2 Full Baths 1
Unit 2 Level Second
Unit 2 Monthly Rent $2,000
Unit 2 Rooms 5
Unit 2 Water Yes
Unit 3 Full Baths 1
Unit 3 Level Third
Unit 3 Monthly Rent $1,750
Unit 3 Rooms 5
Unit 3 Water Yes
Unit 4 Full Baths 1
Unit 4 Lease Yes
Unit 4 Level First
Unit 4 Monthly Rent $2,200
Unit 4 Rooms 5
Unit 4 Water Yes

Parking

Parking On Site, Paved
Parking Features Paved, On Site

Basic Information

List Price$775,000
LocationTypeIntown, Neighborhood
MLS Number1660921
Property TypeMulti-Family
StatusACT

Property

Road Surface Type Paved
Site Level, Sidewalks

Utilities

Electric Circuit Breakers
Heat SystemHot Water, Baseboard
Heating FuelOil
Heating YN Yes
Utilities Utilities On
Waste Water DisposalPublic Sewer

Rooms

Bathroom5
Bathrooms Total Decimal 5
Full Bath5

Building

BasementInterior, Full, Unfinished
Building ConstructionWood Frame
Flooring Laminate
FoundationPoured Concrete
Property StyleOther
Units5
Year Built1896

Exterior

Exterior Vinyl Siding
RoofShingle

Amenities

AmenitiesStorage
Other AmenitiesBasement

Legal

ZoningDR

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127 Howe StreetLewiston, ME 04240Price: $775,000

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