127 Howe St, Lewiston, ME 04240
- $775,000
- 5
- BA
- 5,596
- SqFt
Listing courtesy of The Dunham Group.
- List Price
- $775,000
- MLS#
- 1660921
- Status
- ACTIVE UNDER CONTRACT
- Type
- Multifamily
- City
- Lewiston
- County
- Androscoggin
- Bathrooms
- 5
- Living Area
- 5,596
- Lot Size
- 13,503
- Year Built
- 1896
Property Description
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.
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Additional Information
- Living Area
- 5,596
- Electric
- Circuit Breakers
- Water
- Public
- Basement
- Interior Entry, Full, Unfinished
- Cooling
- None
- Year Built
- 1896
- Acres
- 0.31
- Roof
- Shingle
- Foundation
- Poured Concrete
- Style
- Other
- Courtesy Of Listing Office
- The Dunham Group
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