About this home
INVESTMENT OPPORTUNITY IN LEWISTON! Discover the potential at 280 Pine St, a three-unit multifamily property offering an excellent opportunity for investors seeking strong rental income and additional upside. The property features three fully occupied spacious 3-bedroom+ units, each currently renting for $2,000+ per month, producing $72,000+ in gross annual rental income. Each unit offers the convenience of dedicated laundry, along with its own covered porch. The property also includes a separate maintenance unit/storage area with a bathroom, offering additional utility and flexibility for ownership or property operations. The property does need some TLC, including vinyl siding repairs and remodeling, making this an attractive opportunity for an investor looking to improve the property and add value while maintaining an established income stream. With strong rents, multiple bedrooms per unit, dedicated laundry, covered porches, and additional storage space, 280 Pine St offers a compelling combination of current cash flow and future potential. Bring your vision and capitalize on the opportunity to improve and maximize this Lewiston multifamily property. *Property is being sold as-is and likely does not qualify for some loan types in its current condition. Interior photos were taken a year ago prior to currant tenancy.
Listing last checked: Listing updated:
Listed by Listing Agent · Maine Source Realty · MLS #1680737
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Details at a glance
Interior3 property facts
- Heating
- Hot Water, Radiant
- Cooling
- None
- Flooring
- Laminate, Vinyl, Wood, Linoleum
Building5 property facts
- Style
- Other
- Year built
- 1922
- Garage
- 0
- Foundation
- Brick/Mortar
- Roof
- Flat, Membrane
Land & utilities4 property facts
- Lot size
- 0.15 acres
- Water
- Public
- Sewer
- Public Sewer
- Zoning
- OR
Financial2 property facts
- Annual taxes
- $4,476
- Assessment year
- 2025
Location
Estimated monthly cost
Explore costs at the $495,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$2,876 / monthAdjust
- Principal & interest
- $2,503
- Property tax
- $373
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $4,476. 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 280 Pine Street
Can I request a private showing?
Request a tour of 280 Pine 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.

