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78 Howard St

Lewiston ME 04240

6
7200 sq. ft.
4791.6 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

OPEN HOUSES - Friday the 5th, from 4:30 - 6pm and Saturday the 6th, from 11am - 12pm Your next investment is already running smoothly. It is time to let your money work for you - not the other way around! 78 Howard Street is the kind of deal every investor is looking for. Already under professional management, with many major expenses already taken care of. But not so upgraded that it has lost any potential for value add. A new investor can make a few light changes, fill vacancy, and step into potential increased equity. Once filled at market rent you're looking at right around a 10% cap rate. The existing management team knows the property and wants to stay on. No hassle of interviewing management, trying to keep your records straight, or adding personnel to your current team to handle more units. At $585,000, this is an accessible entry point into Lewiston's growing rental market with a clear, low-effort path to full stabilization. Schedule your showing today!

Features

6 bathrooms
7200 sq. ft. floor area
4791.6 sq. ft. lot size
Multi-Family

Happy sellers in Lewiston

93%
93% of sellers in Lewiston reported that their sale price either exceeded or met their price expectations.

Lewiston stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 8 reviews in Lewiston over the last 12 months.

Local market activity for multi families in Lewiston

In the last 12 months, 55 multi families similar to 78 Howard St, have been sold.

This represents a 41% increase in multi families sales when compared to the previous 12 months.

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