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About the Listing 1898 - 023801,020913
Well-maintained and updated 8-unit multifamily in a strong Lewiston rental market, offering a mix of stability and upside. The property features a diverse unit mix of (2) one-bedroom, (4) two-bedroom, and (2) three-bedroom units - positioning it well to attract a broad tenant base and reduce vacancy risk. The property has seen a mix of major exterior capital improvements and ongoing interior upgrades. Key components including the roof, siding, and heating system have been updated, helping reduce near-term capital expenditure risk. Several units have been renovated with updated kitchens, flooring, and interior finishes, supporting strong tenant demand and rental performance, while leaving additional units available for future improvements and continued rent growth. The property offers off-street parking for all units and benefits from Lewiston's continued rental demand and limited supply of larger multifamily assets. With a solid operational foundation already in place, this is a turnkey opportunity for investors seeking dependable cash flow with the ability to further optimize rents and increase long-term value. Whether you're scaling an existing portfolio or acquiring a stabilized asset in a growing market, this building checks the boxes for both performance and potential.
Listing Highlights
Status
Active
Days on Site
16
Property Type
Multi-Family
MLS ®
1660474
Year Built
1896
Total Square Footage
7,920
Lot/Acreage
0.22
County
Androscoggin
Interior Details
- Bedrooms: 0
- Bathrooms: 8 Full
- Appliances:
- Air Cond:
- Heating: Gas Natural,Baseboard,Hot Water
- Fireplaces: 0
- Floor:
- Above Ground Sq Ft: 7920
- Below Ground Sq Ft: 0
- Basement: Interior,Unfinished
- Other:
- Water: Public
Exterior Details
- Lot Description: Level,Sidewalks,Neighborhood
- Garage Capacity: N/A
- Zoning: DR
- Roof: Flat,Membrane
- Others:
- Sewer: Public Sewer
- Parking Features: Paved,5 - 10 Spaces,On Site
Financial Details
- Tax Amount: $5,381
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
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Questions About..
151 Horton St Lewiston, ME 04240
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