$525,000

Est. Mortgage $0/mo *

Quick Pre-Approval

Brochure

Call Text Schedule Tour Request More Information

50 Knox Street, Lewiston, ME, 04240

50 Knox Street, Lewiston, ME, 04240
View larger map Directions

8 Full baths

1881

Multi-Level

10,265 sqft

SELLER CONCESSIONS AVAILABLE! Investors, you won't want to miss this 8-unit multifamily property in Lewiston boasting a 12.33% cap rate. With three vacancies and recent, modest renovations in some units, this property is positioned for strong financial performance, turn-key cash flow, and significant value-add potential. The new roof in 2022 adds to the long-term stability, while opportunities for upgrades in the remaining units offer a clear path to increased equity. This property is ideal for investors looking to grow their portfolio with a focus on long-term gains. Able to be purchased with additional 8-Unit located at 54 Knox (MLS #1801823)

Status:

Active

Type:

Multi-family

Units:

8

Zoning:

DR

Frontage:

50

Heating:

Multi-Zones, Hot Water, Baseboard

Cooling:

None

Basement:

Dirt Floor, Full, Interior Entry, Unfinished

Parking:

5 - 10 Spaces, Paved, Common, Off Street, On Street

Acreage:

0.13

Est. Taxes:

$3,141

Construction

Asbestos, Wood Frame

Utilities

Utilities On

Lot Description:

Level, Sidewalks, Intown

MLS #:

1601822

Community Info

School Info

Walk Score

Mass Transit

Yelp

Similar Properties

Price Reduced!

$490,000

3 baths

2,176 sqft

42 River Road, Brunswick, ME, 04011

$495,000

4 baths

3,528 sqft

21 Third Street, Auburn, ME, 04210

$499,999

2 baths

4,435 sqft

61 Sabattus Road, Sabattus, ME, 04280

Price Reduced!

$479,900

3.5 baths

2,618 sqft

38 Zoar Street, Auburn, ME, 04210

Price Reduced!

$565,000

2 baths

1,538 sqft

73 & 75 Elm Street, Damariscotta, ME, 04543

Price Reduced!

$539,000

2.5 baths

2,100 sqft

25 State Street, Castine, ME, 04421

$525,000

4 baths

2,784 sqft

19 Market Lane, Brunswick, ME, 04011

$499,000

2 baths

2,400 sqft

7 & 49 Bowdoin Place, Bangor, ME, 04401

$474,000

2.5 baths

2,826 sqft

182 Webster Street, Lewiston, ME, 04240

Price Reduced!

$489,900

2 baths

2,364 sqft

54-56 Third Street, Bangor, ME, 04401

$550,000

3 baths

2,595 sqft

38 Railroad Street, Clinton, ME, 04927

$525,000

3.5 baths

3,152 sqft

16 and 20 York Avenue, Lewiston, ME, 04240

$499,000

2 baths

2,400 sqft

29 Old Grassy Road, Hollis, ME, 04042

Price Reduced!

$575,000

2 baths

3,912 sqft

1727-1729 Hotel Road, Auburn, ME, 04210

$479,000

3.5 baths

2,740 sqft

66 Union Street, Brunswick, ME, 04011

$500,000

6,792 sqft

116 Main Road, Islesboro, ME, 04848

New or Coming Soon Properties

New Listing!

$525,000

3 baths

3,088 sqft

22 Country Club Road, Manchester, ME, 04351

New Listing!

$440,000

2 baths

2,516 sqft

449 High Street, Bath, ME, 04530

New Listing!

$625,000

5 baths

6,314 sqft

26 Webster Street, Lewiston, ME, 04240

New Listing!

$425,000

3.5 baths

2,834 sqft

13 Tebbetts Avenue, Sanford, ME, 04073

New Listing!

$495,000

2 baths

3,322 sqft

91 North Main Street, Rockland, ME, 04841

New Listing!

$499,000

10 baths

6 Stewart Drive, Strong, ME, 04983

New Listing!

$625,000

3 baths

3,458 sqft

170 Cleaves Street, Biddeford, ME, 04005

Price Reduced!

$550,000

2 baths

2,144 sqft

1 Mechanic Street, Windham, ME, 04062

New Listing!

$549,000

5 baths

3,080 sqft

23 Green Street, Winthrop, ME, 04364

New Listing!

$495,000

2 baths

1,962 sqft

12 Stockman Avenue, Saco, ME, 04072

New Listing!

$499,000

2 baths

1,926 sqft

112 Shaker Road, Gray, ME, 04039

New Listing!

$534,900

5 baths

2,587 sqft

82 Main Street, Woolwich, ME, 04579


Listing courtesy of Keller Williams Realty