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)
Closed
$450,000
50 Knox Street, Lewiston, ME 04240
20beds
10,265sqft
Multi Family
Built in 1881
-- sqft lot
$468,400 Zestimate®
$44/sqft
$-- HOA
What's special
Zillow last checked: 7 hours ago
Listing updated: December 16, 2024 at 12:50pm
Listed by:
Keller Williams Realty
Bought with:
Keller Williams Realty
Source: Maine Listings,MLS#: 1601822

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 20
- Bathrooms: 8
- Full bathrooms: 8
Heating
- Multi-Zones, Hot Water, Baseboard
Cooling
- None
Features
- Flooring: Vinyl, Tile
- Basement: Dirt Floor,Full,Interior Entry,Unfinished
Interior area
- Total structure area: 10,265
- Total interior livable area: 10,265 sqft
- Finished area above ground: 10,265
- Finished area below ground: 0
Property
Parking
- Parking features: 5 - 10 Spaces, Paved, Common, Off Street, On Street
- Has uncovered spaces: Yes
Features
- Levels: Multi/Split
Lot
- Size: 5,662 sqft
- Features: Level, Sidewalks, City Lot
Details
- Zoning: DR
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Asbestos, Wood Frame
- Roof: Flat
Condition
- Year built: 1881
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Lewiston
Services availability

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