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Offered at $399,900Active
beds
—
baths
3
sq ft
3,124
Built
1926

171-175 Walnut Street

Lewiston, ME 04240

About this home

FHA ASSUMABLE MORTGAGE AT JUST 2.75%* Plus Seller Concessions Available for acceptable terms TWO PARCELS. THREE APARTMENTS. PLENTY OF POSSIBILITIES. A rare double-parcel offering in Lewiston! 171 & 175 Walnut Street combine a well-maintained three-unit property, established rental income, exceptional off-street parking and an adjoining vacant parcel offering additional space and possibilities. * An existing FHA mortgage at just 2.75% may be assumable by qualified buyers, subject to servicer approval, an exceptionally attractive financing opportunity in today's market. And you thought low rates were history! A very rare opportunity exists - an FHA assumable mortgage at just 2.75%, plus seller concessions. Two parcels, three apartments, plenty of possibilities. A rare double parcel offering in Lewiston, 171 and 175 Walnut Street combine a well maintained three-unit property, established rental income, exceptional off-street parking and an adjoining vacant parcel offering additional space and intriguing possibilities. This opportunity gives meaningful flexibility whether you're looking for a home with income or an investment property. The spacious three-bedroom apartment and one of the one-bedroom apartments are currently rented, providing established income. The lower-level rear one-bedroom apartment remains vacant, ready for an owner-occupant who wants to move straight in while enjoying rental income from the other two. Well maintained, with a brand new roof, parking for up to 6 vehicles, a detached two-car garage, balcony decks and rear porches, it offers comfort and practicality. The adjoining vacant parcel at 175 provides a generous garden and intriguing possibilities for the future, subject to approvals. Two parcels, three apartments, established rental income, exceptional parking, and generous seller contribution bridging the affordability gap and providing excellent buyer opportunities. Don't miss, call today! **Contains some AI enhanced imagery

Listing last checked: Listing updated:

Listed by Listing Agent · Keller Williams Realty · MLS #1672103

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Details at a glance

Interior3 property facts
Heating
Oil, Baseboard, Hot Water, Steam, Radiant
Cooling
Wall Unit(s)
Flooring
Carpet, Vinyl, Wood
Building5 property facts
Style
Other
Year built
1926
Garage
2
Foundation
Brick/Mortar
Roof
Membrane, Shingle
Land & utilities4 property facts
Lot size
0.22 acres
Water
Public
Sewer
Public Sewer
Zoning
NCA
Financial2 property facts
Annual taxes
$5,050
Assessment year
25

Location

Estimated monthly cost

Explore costs at the $399,900 asking price. Adjust the assumptions to your situation.

Known monthly costs$2,443 / monthAdjust
Principal & interest
$2,022
Property tax
$421
Insurance
Not entered
HOA
Not entered

Listing annual taxes: $5,050. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.

Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.

The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.

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About 171-175 Walnut Street

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Request a tour of 171-175 Walnut Street and a Bean Group agent will help coordinate an available time with the listing side.

Can you help me evaluate this property?

Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.

Are property documents available?

Availability varies by property and source. Request the documents you need and we will help obtain what is available.