Black "RM Realty of Maine" logo with stylized letters "R" and "M" above the company name, all on a transparent background.
Multi-FamilyMELewiston0424012-14 College Street, Lewiston, ME, 04240

12-14 College Street, Lewiston, ME, 04240

12-14 College Street, Lewiston, ME, 04240
6 baths
$669,900
Request info

Basics

  • Date added: Added 2 weeks ago
  • Category:
  • Status:
  • Bathrooms: 6
  • Lot size: 0.1 sq ft
  • Year built: 1886
  • Bathrooms Full: 6
  • Lot Size Acres: 0.1 acres
  • Zoning: CV
  • County: Androscoggin
  • MLS ID: 1655365

Description

  • 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.

    Show all description

Location

Building Details

  • Building Area Total: 6240 sq ft
  • Number Of Units Total: 6
  • Construction Materials: Asbestos, Wood Frame
  • Architectural Style: Other
  • Sewer: Public Sewer
  • Heating: Zoned, Hot Water
  • Stories: 3
  • Roof: Flat, Shingle, Tar/Gravel
  • Foundation Details: Brick/Mortar
  • Levels: Multi-Level
  • Basement: , ,

Amenities & Features

  • Electric: Circuit Breakers
  • Flooring: Wood, Vinyl, Tile, Carpet
  • Parking Features: 1 - 4 Spaces, Gravel
  • WaterSource: Public
  • Lot Features: Level, Sidewalks, Intown, Neighborhood, Near Public Transit
  • Cooling: None

Fees & Taxes

  • Gross Income: $100,000

Miscellaneous

  • Road Surface Type: Paved
  • Pets Allowed: No Restrictions

Courtesy of

  • List Office Name: EXP Realty

Ask an Agent About This Home

Phone
By clicking the «REQUEST INFO» button you agree to the Terms of Use and Privacy Policy

Share this property

Copy

Or share with

Contact Us
Mobile: 207-404-3368
Office: 207-942-6310

458 Main Street
Bangor, ME 04401
LICENSE #BA928013
Professional Accreditations
A black and white icon of a house with an equals sign inside, representing the Equal Housing Opportunity logo.

Copyright © 2026. Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, non commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © Maine Real Estate Information System, Inc. All rights reserved.

Website Designed by CGC

Reset password

Enter your email address and we will send you a link to change your password.