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  • $492,000

    156 Rideout Avenue, Lewiston, ME 04240

    8beds
    3,200sqft
    Multi Family
    Built in 1987
    -- sqft lot
    $500,200 Zestimate®
    $154/sqft
    $1,916 Estimated rent

    Home value

    $500,200

    $430,000 - $585,000

    $1,916/mo

    Zestimate® history
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    What's special

    Excellent Opportunity: Very Nice, well maintained 4 unit on a 3rd of an acre lot with 2 car parking for all the units. Also a nice laundry area with washer and dryer hookups for all the units and decent sized storage areas as well, plus a room for all the mechanicals including duel oil tanks and some storage/work area for the owner. The units have a great layout, you walk into the living room, then a good size kitchen with great cabinet and counter space, nice appliances, including a microwave and dishwasher, then a short hallway with a nice full bathroom, then 2 good sized bedrooms, both with large closets and numerous outlets. Another nice plus is the large porches that provide each unit with a good space for the summer months. Unit 1 and unit 2 both have had full cosmetic renovations including new flooring, new paint, numerous repairs/upgrades, and some new appliances within the last 8 to 13 months,. Unit 4 also went through the same process a few years ago and that unit also has some hardwood floors, Unit 2 is the only one that has not been done. There are 4 newer water heaters, 3 of them have been replaced within the last 4 to 13 months, and the other one few years ago. Had a fire inspection about 6 months ago by the Lewiston Fire Department the property is 100 % up to code per the department. Lastly, there is still some upside potential with some of the units, especially with # 2, it is a turn key property/investment.

    Zillow last checked: 8 hours ago

    Listing updated: October 29, 2025 at 10:05am

    Listed by:

    Coldwell Banker Realty 207-773-1990

    Bought with:

    Maine Real Estate Experts

    Source: Maine Listings,MLS#: 1626336MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 4
    • Full bathrooms: 4
    Heating
    • Baseboard, Hot Water
    Cooling
    • None
    Features
    • Flooring: Laminate, Vinyl, Wood
    • Windows: Double Pane Windows
    • Basement: Interior Entry,Full,Sump Pump,Unfinished
    Interior area
    • Total structure area: 3,200
    • Total interior livable area: 3,200 sqft
    • Finished area above ground: 3,200
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: Concrete, 5 - 10 Spaces, On Site
    Features
    • Levels: Multi/Split
    • Stories: 2
    • Patio & porch: Porch
    Lot
    • Size: 0.31 Acres
    • Features: Near Turnpike/Interstate, Near Town, Neighborhood, Open Lot
    Details
    • Parcel number: 156RIDEOUTAVE0LEWISTON20D08
    • Zoning: NCA
    • Other equipment: Internet Access Available

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Other
    • Property subtype: Multi Family
    Materials
    • Wood Frame, Vinyl Siding
    • Roof: Pitched,Shingle
    Condition
    • Year built: 1987

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Utilities On
    Green energy
    • Energy efficient items: Ceiling Fans

    Community & neighborhood

    Location
    • Region: Lewiston

    Price history

    DateEventPrice
    8/1/2025Sold$492,000+2.7%$154/sqft
    Source: Maine Listings #1626336
    6/24/2025Pending sale$479,000$150/sqft
    Source: Maine Listings #1626336
    6/12/2025Listed for sale$479,000$150/sqft
    Source: Maine Listings #1626336

    Public tax history

    Tax history is unavailable.

    Neighborhood: 04240

    Nearby schools

    GreatSchools rating
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    $500,200
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    With Zillow Showcase(estimated)
    $510,204