| Up North Realty Maine

12-14 College Street, Lewiston, ME 04240 (MLS# 1655365)

12-14 College Street, Lewiston, ME 04240

$680,000
Property Type: Multi-Family Baths: 6 Square Footage: 6,240 Lot Size (sq. ft.): 4,356 Status: Active
Current Price: $680,000 List Date: 3/25/2026 Last Modified: 4/03/2026

Overview

Description

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.

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Listing Details MLS# 1655365

Location Information

Street #
12-14
Street Name
College
Street Type
Street
County
Androscoggin
Town
Lewiston
State/Province
ME
Zip Code
04240
Leased Land
No
Book
11806
Page
73-74 & 87
Map
195
Lot
485
Zoning
CV
Zoning Overlay
Unknown
Association
No
Full Tax Amount $
4339
Tax Year
2025
Tree Growth Y/N
No

Contract Information

Original List Price
680000

Property Information

Surveyed
No
Seasonal
No
Owner Occupied
No
Deed
Partial
Number of Units
6
Total Baths
6
Total Full Baths
6
Color
Gold
Year Built
1886
SqFt Finished Above Grade
6240
SqFt Finished Total
6240
SqFt Source
Public Records
Garage
No
Lot Size Acres +/-
0.1
Source of Acreage
Public Records
Road Frontage
Yes
Road Frontage +/-
51
Source of Road Frontage
Public Records
Total Half Baths
0
SqFt Finished Below Grade
0

Water Info

Water Frontage
No
Water View
No

Building Info

# Stories
3

Units

# of 2 BD Units
4
# of 3 BD Units
2

More Information

Unit 1

Lease
Yes
Level
First
Security Deposit
No
Monthly Rent
1270
# Full Baths
Yes
# of Rooms
4
# of Bedrooms
2
Dedicated Electric Meter
No
Dedicated Gas Meter
No
Dedicated Water Heater
No
Electric
No
Heat
No
Range
Yes
Refrigerator
Yes
Sewer
Yes
Water
Yes

Unit 2

Lease
No
Level
Second
Security Deposit
No
# Full Baths
Yes
# of Rooms
4
# of Bedrooms
2
Dedicated Electric Meter
No
Dedicated Gas Meter
No
Dedicated Water Heater
No
Electric
No
Heat
No
Range
Yes
Refrigerator
Yes
Sewer
Yes
Water
Yes
Monthly Rent
0

Unit 3

Lease
No
Level
Third
Security Deposit
No
# Full Baths
Yes
# of Rooms
4
# of Bedrooms
2
Dedicated Electric Meter
No
Dedicated Gas Meter
No
Dedicated Water Heater
No
Electric
No
Heat
No
Range
Yes
Refrigerator
Yes
Sewer
Yes
Water
Yes
Monthly Rent
0

Unit 4

Lease
Yes
Level
First
Security Deposit
Yes
Monthly Rent
1400
# Full Baths
Yes
# of Rooms
4
# of Bedrooms
2
Dedicated Electric Meter
No
Dedicated Gas Meter
No
Dedicated Water Heater
No
Electric
No
Heat
No
Range
Yes
Refrigerator
Yes
Water
Yes
Sewer
Yes

Unit 5

Lease
No
Level
Second
Security Deposit
Yes
Monthly Rent
1700
# Full Baths
Yes
# of Rooms
5
# of Bedrooms
3
Dedicated Electric Meter
No
Dedicated Gas Meter
No
Dedicated Water Heater
No
Electric
No
Heat
No
Range
Yes
Refrigerator
Yes
Sewer
Yes
Water
Yes

Unit 6

Lease
No
Level
Third
Security Deposit
No
# Full Baths
Yes
# of Rooms
5
# of Bedrooms
3
Dedicated Electric Meter
No
Dedicated Gas Meter
No
Dedicated Water Heater
No
Electric
No
Heat
No
Range
Yes
Refrigerator
Yes
Sewer
Yes
Water
Yes
Monthly Rent
0

Utilities

Utilities On
No

Levels

Multi-Level
Yes

Site

Level
Yes
Sidewalks
Yes

Location

Intown
Yes
Neighborhood
Yes

Roads

Paved
Yes
Public
Yes

Transportation

Major Road Access
Yes
Public Transport Access
Yes

Style

Other
Yes

Construction

Wood Frame
Yes

Basement

Full
Yes
Unfinished
Yes

Foundation Materials

Brick/Mortar
Yes

Exterior

Asbestos
Yes

Roof

Flat
Yes
Shingle
Yes
Tar/Gravel
Yes

Heat System

Hot Water
Yes
Zoned
Yes

Heat Fuel

Gas Natural
Yes

Income & Expenses

Gross Income
100000
Operating Expenses
43000

Cooling

None
Yes

Floors

Carpet
Yes
Tile
Yes
Vinyl
Yes
Wood
Yes

Parking

1 - 4 Spaces
Yes

Electric

Circuit Breakers
Yes

Gas

No Gas
Yes

Sewer

Public Sewer
Yes

Water

Public
Yes

Driveway

Gravel
Yes

Restrictions

No Restrictions
Yes

Basement Entry

Interior
Yes

Water Heater

Off Heating System
Yes

Vehicle Storage

No Vehicle Storage
Yes

Property Features

Site: Level; Sidewalks Location: Intown; Neighborhood Roads: Paved; Public Transportation: Major Road Access; Public Transport Access Style: Other Levels: Multi-Level Construction: Wood Frame Basement: Full; Unfinished Basement Entry: Interior Foundation Materials: Brick/Mortar Exterior: Asbestos Roof: Flat; Shingle; Tar/Gravel Heat System: Hot Water; Zoned Heat Fuel: Gas Natural Water Heater: Off Heating System Cooling: None Floors: Carpet; Tile; Vinyl; Wood Driveway: Gravel Parking: 1 - 4 Spaces Vehicle Storage: No Vehicle Storage Restrictions: No Restrictions Electric: Circuit Breakers Gas: No Gas Sewer: Public Sewer Water: Public

Documents

Listing Office: EXP Realty
IDX
Last Updated: April - 03 - 2026
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. Copyright ©2022 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.
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