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12-14 College Street, Lewiston, ME 04240

Lewiston
Local realty services provided by:CENTURY 21 Advantage
12-14 College Street,Lewiston, ME 04240
$680,000
  • - Beds
  • 6 Baths
  • 6,240 sq. ft.
  • Multi-family
  • Active
Upcoming open houses
  • Sun, Mar 29
    11:00 am - 12:30 pm
Listed by: patrick matheson, kyle mccarthy
Office: exp realty
MLS#:1655365
Source:ME_MREIS

Price summary

  • Price:$680,000
  • Price per sq. ft.:$108.97

About this home

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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Home facts

  • Year built:1886
  • Listing ID #:1655365
  • Updated:March 28, 2026 at 12:09 AM

Rooms and interior

  • Total bathrooms:6
  • Full bathrooms:6
  • Flooring:Carpet, Tile, Vinyl, Wood
  • Basement Description:Full, Unfinished
  • Living area:6,240 sq. ft.

Heating and cooling

  • Heating:Hot Water

Structure and exterior

  • Year built:1886
  • Building area:6,240 sq. ft.
  • Lot area:0.1 Acres
  • Lot Features:Intown, Level, Near Public Transit, Neighborhood, Sidewalks
  • Construction Materials:Asbestos, Wood Frame
  • Foundation Description:Brick/Mortar

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$680,000
  • Price per sq. ft.:$108.97
  • Tax amount:$4,339 (2025)

Parking

  • Parking description:1 - 4 Spaces, Gravel
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