About this home
INVESTMENT OPPORTUNITY IN THE HEART OF LEWISTON! Well-positioned 8-unit multifamily property at 198 Park Street, offering a desirable mix of four 2-bedroom units and four 1-bedroom units. The mix provides flexibility for attracting a broad range of tenants and offers an investor an opportunity to own a substantial multifamily asset in a highly convenient Lewiston location. Situated near downtown, residents have access to restaurants, shopping, services, parks, employment and amenities without having to rely on a vehicle. The Park Street area is considered highly walkable and near public transit hubs. Building is vacant, cleaned out and ready for your finishing touches. Has newer siding and windows and is in good condition. Matterport 3D walkthrough gives a sample of a 2 bedroom unit and a 1 bedroom unit as do photos. Also available is 210/212 Park St, 34 Shawmut, 46 Shawmut.
Listing last checked: Listing updated:
Listed by Listing Agent · Fontaine Family-The Real Estate Leader · MLS #1683059
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Details at a glance
Interior4 property facts
- Heating
- Baseboard
- Cooling
- None
- Flooring
- Wood, Linoleum
- Fireplaces
- 0
Building5 property facts
- Style
- Other
- Year built
- 1881
- Garage
- 0
- Foundation
- Brick/Mortar
- Roof
- Flat, Membrane, Shingle
Land & utilities4 property facts
- Lot size
- 0.11 acres
- Water
- Public
- Sewer
- Public Sewer
- Zoning
- DR
Financial2 property facts
- Annual taxes
- $7,615
- Assessment year
- 2025
Location
Estimated monthly cost
Explore costs at the $720,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$4,275 / monthAdjust
- Principal & interest
- $3,641
- Property tax
- $635
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $7,615. 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 198 Park Street
Can I request a private showing?
Request a tour of 198 Park 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.