274 Lisbon Street

Lisbon, ME 04250
Baths
2
Square Ft.
2,424
$349,000
Discover the potential of this well-located 2-unit building, ideally situated in the center of Lisbon. The property features one 3-bedroom unit and one 4-bedroom unit, offering flexibility for both investors and owner-occupants. The 3-bedroom unit has been recently updated, showcasing the possibilities for future upgrades throughout the building. The spacious 4-bedroom unit is primed for improvements, creating an excellent opportunity for rental growth. Both units are currently rented on a month-to-month basis, with the 3-bedroom unit generating $2,250 per month. Whether you're looking to owner-occupy and offset your mortgage or seeking a value-add investment, this property delivers. With some basic improvements and market-rate rents, investors could realize an impressive projected 13% capitalization rate. Additional highlights include: 200 feet of scenic river frontage A generous lot offering outdoor space A rare two-car garage—an uncommon find in the multifamily market This is a unique chance to own a versatile and income-generating property in one of Lisbon's most convenient locations. Don't miss out—schedule your showing today and explore all that this property has to offer.
Market LogoCourtesy of Keller Williams Realty 207-879-9800
Listing Snapshot
Days Online
2
Last Updated
Full Baths
2
Square Ft.
2,424
Lot Size
1.15 Acres
Year Built
1900
MLS Number
1621474
Additional Details
Basement
Basement: "Interior", "Walk-Out Access", "Unfinished"
Building
Architectural Style: "New Englander", Building Area Total: 2,424, Construction Materials: "Aluminum Siding", "Wood Frame", Number Of Units Total: 2, Year Built: 1900
Cooling
Cooling: "None"
Expenses
Operating Expense: $8,125
Floors
Flooring: "Vinyl", "Laminate", "Carpet"
Foundation
Foundation Details: "Granite", "Concrete Perimeter"
Garage
Attached Garage, Garage Included, 2 garage spaces
Water Features
Water Body Name: no name river, Waterfront Features: "Stream", Waterfront Property
Heating
Heating: "Forced Air", Heating Included
Income
Gross Income: $36,600
Lot
Features: "Rolling/Sloping", "Wooded", "Near Turnpike/Interstate", "Near Town", 1.15 acres, Area: 1.15, 50,094 square feet
Parking
Features: "1 - 4 Spaces", "Gravel"
Property
Parcel Number: LISN-000016U-000000-000075, View: "Trees/Woods", Zoning: Gen Res
Roof
Roof: "Shingle"
Sewer
Sewer: "Public Sewer"
Taxes
Annual Amount: $4,359, Tax Lot: 75
Utilities
Electric: "Circuit Breakers", Water Source: "Public"
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Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.