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Bean Group
Offered at $495,000Active
beds
—
baths
3
sq ft
5,355
Built
1922

280 Pine Street

Lewiston, ME 04240

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.