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Description

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.

Location Details
State:
ME
County:
Androscoggin
City:
Lewiston
Zipcode:
04240
Street:
Horton
Street Suffix:
Street
Longitude:
W71° 47' 28.4''
Latitude:
N44° 5' 39.3''
Features
Heating System:
Baseboard, Hot Water, Gas Natural
Cooling System:
None
Basement:
Interior Entry, Unfinished
Patio:
Porch
Parking:
On Site, Paved, 5 - 10 Spaces
Sewer:
Public Sewer
Flooring:
Vinyl, Wood
Architectural Style:
Other
Additional Details
Year Built:
1896
Listing Office
Office:
Keller Williams Realty
Additional Information
Water Source:
Public
Previous Price:
850000
On Market Date:
2026-05-04
Number Of Units Total:
8
Lot Features:
Level, Sidewalks, Neighborhood
Levels:
Multi-Level
Electric:
Circuit Breakers
Construction Materials:
Vinyl Siding, Wood Frame
Building Size:
7920
Financial
Tax Annual Amount:
5381.0
Listing Information
Co List Agent Mls Id:
020913
Co List Office Mls Id:
1898
List Agent Mls Id:
023801
List Office Mls Id:
1898
Mls Status:
Active Under Contract
Modification Timestamp:
2026-08-19T22:56:35Z
Originating System Name:
Maine
Status Change Timestamp:
2026-07-25T17:21:05Z
Address Map
Zoning:
DR
  • Google Map

Lewiston

151 Horton Street, Lewiston, Maine 04240

0.22 Acre
$799,000
Listing ID #1660474
Basic Details
Property Type :
Residential Income
Listing ID :
1660474
Price :
$799,000
Acreage :
0.22 Acre
Full Bathrooms :
9
Listing Status :
Active Under Contract
Roof:
Membrane, Flat
Agent info
Maine Outdoor  Properties
  • Maine Outdoor Properties
  • 207-653-1389
  • 207-653-1555
  • [email protected]

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Data last updated: 10/14/2026 1:33
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  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. ©2024 Maine Real Estate Information System, Inc. All Rights Reserved.

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