496 Sabattus Street

Lewiston, ME 04240
Baths
10
Square Ft.
6,978
$1,345,000
First time on the market in over 40 years! This well-maintained 10 unit apartment building is a rare investment opportunity in a prime location. Featuring a newer gas boiler and a recently replaced roof, the property has been thoughtfully cared for and is in excellent shape. With a solid rental history and a roster of long-term, respectful tenants, this building offers both stability and immediate cash flow. Its strong mechanicals, clean condition, below market rents and unbeatable location makes it ideal for investors looking for a turnkey asset with upside potential. Don't miss your chance to own this legacy property!
Market LogoCourtesy of Fontaine Family-The Real Estate Leader 207-784-3800
Listing Snapshot
Days Online
105
Last Updated
Full Baths
10
Square Ft.
6,978
Lot Size
0.24 Acres
Year Built
1930
MLS Number
1633090
Additional Details
Laundry
Features: "Laundry - 1st Floor", "Main Level", "Laundry - Coin"
Property Access
Road Surface Type: "Paved"
Basement
Basement: "Interior", "Full", "Unfinished"
Building
Architectural Style: "Other", Building Area Total: 6,978, Construction Materials: "Vinyl Siding", "Wood Frame", Number Of Units Total: 10, Year Built: 1930
Cooling
Cooling: "None"
Expenses
Operating Expense: $22,148
Exterior Features
Patio And Porch Features: "Deck", "Porch", Patio And Porch Features: "Deck", "Porch"
Floors
Flooring: "Tile", "Laminate", "Carpet"
Foundation
Foundation Details: "Block", "Concrete Perimeter"
Heating
Heating: "Radiator", "Hot Water", "Baseboard", Heating Included
Income
Gross Income: $109,200
Interior Features
Features: "Attic"
Lot
Features: "Level", "Sidewalks", "Intown", "Near Golf Course", "Near Shopping", "Near Turnpike/Interstate", "Retail Strip", "Shopping Mall", "Near Railroad", 0.24 acres, Area: 0.24, 10,454 square feet
Parking
Features: "5 - 10 Spaces", "Paved"
Property
Parcel Number: LEWI-000146-000000-000328, Zoning: CB
Roof
Roof: "Membrane", "Other"
Sewer
Sewer: "Public Sewer"
Taxes
Annual Amount: $7,463, Tax Lot: 328
Utilities
Electric: "Circuit Breakers", Water Source: "Public"
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30 Days Snapshot Of 04240
$306k
+4%
(avg) sold price
18
-10%
homes sold
33
+83%
(avg) days on market
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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.