12-14 College Street, Lewiston, ME 04240 (MLS # 1655365)
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Located in Lewiston, this well-maintained 6-unit multifamily property presents a strong opportunity for investors seeking immediate cash flow and long-term stability. The building has undergone significant upgrades, including new siding, a new furnace, and cosmetic improvements across all units. Currently profitable with a high cap rate, this asset stands out as a solid buy-and-hold investment in today's market. Two units are currently vacant with leasing, making the property easy to show. Once those units are leased, the monthly rent roll will exceed $9,000. The property is professionally managed by Simplified Management and management is willing to continue services for the new owner if desired. With major systems already updated and income potential in place, this is an attractive, turnkey investment opportunity for anyone looking to get started or add to an existing portfolio.
| LAST UPDATED | 3/25/2026 | YEAR BUILT | 1886 |
|---|---|---|---|
| COUNTY | Androscoggin | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| BASEMENT | Full, Unfinished, Yes |
| CONSTRUCTION | Asbestos |
| HEAT | Hot Water, Zoned |
| LOT | 4356 sq ft |
| LOT DESCRIPTION | Level, Near Public Transit |
| LOT DIMENSIONS | 0.1 |
| MLS STATUS | Active |
| PARKING | Gravel |
| SEWER | Public Sewer |
| STORIES | 3 |
| STYLE | Other |
| TAXES | 4339 |
| WATER | Public |
MORTGAGE CALCULATOR
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Listing provided by EXP Realty
Listing data is derived in whole or in part from the Maine IDX & is for consumers'' personal, non-commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.© 2026 Maine Real Estate Information System, Inc. All Rights Reserved. 
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IDX data provided by Market Leader, courtesy of Maine Listings.
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