This five-unit building brings in $75,240 in gross annual income and offers: two 2-bedrooms and three 4-bedrooms. Rents are stable, demand is steady, and the building has a proven rental history.
Off-street parking is a major plus in this part of town, and the property has been consistently profitable- making it a smart addition to any growing portfolio. Whether you're a seasoned investor or looking to scale, this one checks the boxes.
Property offers an increase of gross income to over $100,000 in 2026!
Active
Price cut: $20K (1/19)
$525,000
227 Blake Street, Lewiston, ME 04240
16beds
3,478sqft
Est.:
Multi Family
Built in 1875
-- sqft lot
$515,000 Zestimate®
$151/sqft
$-- HOA
What's special
Off-street parking
- 113 days |
- 350 |
- 17 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: January 19, 2026 at 04:37am
Listed by:
Real Broker 207-212-1523
Source: Maine Listings,MLS#: 1643853
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 16
- Bathrooms: 5
- Full bathrooms: 5
Heating
- Forced Air, Hot Water
Cooling
- None
Features
- Flooring: Carpet, Vinyl
- Basement: Interior Entry
Interior area
- Total structure area: 3,478
- Total interior livable area: 3,478 sqft
- Finished area above ground: 3,478
- Finished area below ground: 0
Property
Accessibility
- Accessibility features: 32 - 36 Inch Doors
Lot
- Size: 4,791.6 Square Feet
Details
- Zoning: DR
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Cape Cod,Colonial
- Property subtype: Multi Family
Materials
- Roof: Pitched,Shingle
Condition
- Year built: 1875
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Utilities On
Community & HOA
Location
- Region: Lewiston
Financial & listing details
- Price per square foot: $151/sqft
- Annual tax amount: $3,350
- Date on market: 11/18/2025
Estimated market value
$515,000
$489,000 - $541,000
$1,362/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 1/19/2026 | Price change | $525,000-3.7%$151/sqft |
Source:  Maine Listings #1643853 Report a problem | ||
| 11/18/2025 | Listed for sale | $545,000+316%$157/sqft |
Source: Maine Listings #1643853 Report a problem | ||
| 11/18/2019 | Sold | $131,000-6.4%$38/sqft |
Source: Maine Listings #1404683 Report a problem | ||
| 9/25/2019 | Pending sale | $139,900$40/sqft |
Source: CENTURY 21 Advantage #1404683 Report a problem | ||
| 8/16/2019 | Price change | $139,900-6.7%$40/sqft |
Source: CENTURY 21 Advantage #1404683 Report a problem | ||
| 2/18/2019 | Listed for sale | $150,000$43/sqft |
Source: Century 21 Advantage #1404683 Report a problem | ||
| 8/17/2015 | Listing removed | $795 |
Source: Great Falls Property Management Report a problem | ||
| 8/5/2015 | Listed for rent | $795 |
Source: Great Falls Property Management Report a problem | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$2,977/mo
Principal & interest
$2535
Property taxes
$442
More affordability tools
Climate risks
Neighborhood: 04240
Nearby schools
GreatSchools rating
- 1/10Robert V. Connors Elementary SchoolGrades: PK-6Distance: 0.5 mi
- 1/10Lewiston Middle SchoolGrades: 7-8Distance: 0.8 mi
- 2/10Lewiston High SchoolGrades: 9-12Distance: 0.5 mi
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