26 Webster Street

Lewiston, ME 04240

$549,000
Price
17
Beds
5
Baths
6,314 Sq. Ft.
$87 / Sq. Ft.
6,314
Sq. Ft.
$87
per Sq. Ft.

Description

Introducing an exceptional investment opportunity in the heart of a thriving rental market: a 5-unit apartment building with impressive cash flow potential. This well-maintained property offers a robust rental income stream, making it an ideal addition to any real estate portfolio. Situated in a dynamic neighborhood with strong demand for rental properties, this building benefits from a vibrant local market where vacancies are low and rental rates are on the rise. The area's steady economic growth...Introducing an exceptional investment opportunity in the heart of a thriving rental market: a 5-unit apartment building with impressive cash flow potential. This well-maintained property offers a robust rental income stream, making it an ideal addition to any real estate portfolio. Situated in a dynamic neighborhood with strong demand for rental properties, this building benefits from a vibrant local market where vacancies are low and rental rates are on the rise. The area's steady economic growth and increasing population contribute to a favorable environment for landlords seeking reliable returns. Each unit provides ample living space and functional layouts, ensuring broad appeal to a diverse range of tenants. With a touch of TLC, this property could see significant appreciation. Updating the interiors and enhancing common areas could not only increase the rental income but also elevate the property's overall value. Whether you're a seasoned investor or just starting out, this property offers a solid foundation and promising upside. Take advantage of the current market trends and unlock the full potential of this high-cash-flow investment.
  1. Listed by Michael Emmert • Hearth & Key Realty • 207-223-6325
  2. Listed by Jeffrey Emmert • Hearth & Key Realty

Property Details for 26 Webster Street

Waterfront
No
ArchitecturalStyle
Multi-Level, New Englander
Garage Spaces
1.00
Garage
Yes
Zoning
DR
LISTING UPDATED: 11/25/2024 09:13 AM

Property Details for 26 Webster Street

StatusActive Under Contract
MLS #1604003
Days on Market69
Taxes$4,575 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family
Year Built1939
Lot Size0.19 AC / 8,276 SF
CountyAndroscoggin County

Building Information for 26 Webster Street

Stories3Residences5Year Built1939Building Size-Lot Size0.19 AC / 8,276 SF

Property Information for 26 Webster Street

Summary
Location and General Information
  • Road Surface Type: Paved
  • Directions: From Main St, take Sabattus St to Webster St, property is on left.
  • Town: Lewiston
  • State/Province: ME
  • Zip Code: 04240
  • County: Androscoggin
  • Geo Latitude: 44.099794
  • Geo Longitude: -70.204581
  • Tax Lot: 107
  • Site:Level: Yes
  • Site:Open: Yes
  • Site:Sidewalks: Yes
  • Location:Intown: Yes
  • Location:Near Shopping: Yes
  • Location:Near Turnpike/Interstate: Yes
  • Location:Neighborhood: Yes
Parking
  • Parking Features: 5 - 10 Spaces, Paved, On Site
  • Attached Garage: Yes
Taxes and HOA Information
  • Tax Book Number: 11208
  • Tax Map Number: 195
  • Tax Year: 2024
  • Parcel Number: LEWI-000195-000000-000107
  • Location Information:Association Y/N: No
  • Tax Annual Amount: $4,575.00
Property
Heating and Cooling
  • Water Heater:Gas: Yes
  • Water Heater:Off Heating System: Yes
Lot Information
  • SqFt Finished Below Grade: 0.0
  • SqFt Finished Above Grade: 6314.0
  • Lot Size Acres: 0.19
  • Source of Acreage: Public Records
  • Building Area Total: 6314.0
  • Lot Size Area: 0.19
  • Lot Size Units: Acres
  • Lot Size Square Feet: 8276.4
  • Bathrooms Full: 5
  • Bathrooms Half: 0
  • Street Number: 26
  • Property Information:Surveyed: No
  • Property Information:Seasonal: No
  • Property Information:Owner Occupied: No
  • Property Information:Short Sale Continue to Show: No
  • Property Information:Deed/Conveyance Type Offered: Warranty
  • Property Information:Deed: Partial
  • Property Information:Bank Owned REO: No
  • Property Information:2 Detached Houses on 1 Lot: Yes
  • Property Information:Total Half Baths: .00
  • Property Information:Color: Green
  • Property Information:Source of Road Frontage: Public Records
Parking
  • Driveway:Paved: Yes
Property and Assessments
  • Sign on Property: Yes
  • Leased Land: No
  • Property Type: Multi-Family
  • Property Type Label: Multi-Family
  • Year Built: 1939
Utilities
  • Electric: Circuit Breakers
  • Sewer: Yes
  • Water Source: Public
  • Utilities:Utilities On: Yes
  • Gas:Natural - At Street: Yes
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl Siding, Wood Frame
  • Vehicle Storage:1 Car: Yes
  • Roof: Flat, Membrane, Pitched, Shingle
  • Patio and Porch Features:Deck: Yes
  • Patio and Porch Features:Porch: Yes
Interior Features
  • Basement: Full, Interior Entry, Unfinished
  • Flooring: Wood, Vinyl, Carpet
  • Cooling: None
  • Heating: Baseboard
  • Foundation Details: Concrete Perimeter, Brick/Mortar
  • Laundry Features: Washer Hookup
  • # Stories: 3
  • # Floors: 3
  • Bathrooms Total (Integer): 5
  • Bathrooms Total (Decimal): 5.00
  • Bathrooms Total (Notational): 5.00
  • Cooling YN: No
  • Heating YN: Yes
Multi Family
Income & Expenses Information
  • Gross Income: $97,800.00
  • Operating Expenses: $40,657.00
Multi-Family Information
  • Number of Units: 5
  • Building Info:# Stories: 3
  • Building Info:# Floors: 3
  • Building Info:# Heating Units: 2
Unit 1
  • Unit 1:Lease: Yes
  • Unit 1:Level: First
  • Unit 1:Security Deposit: Yes
  • Unit 1:Monthly Rent: $1,955.00
  • Unit 1:# Full Baths: 1.00
  • Unit 1:# of Half Baths: .00
  • Unit 1:# of Rooms: 7.00
  • Unit 1:# of Bedrooms: 4.00
  • Unit 1:Dedicated Electric Meter: Yes
  • Unit 1:Dedicated Gas Meter: No
  • Unit 1:Dedicated Water Heater: No
  • Unit 1:Electric: No
  • Unit 1:Heat: Yes
  • Unit 1:Range: Yes
  • Unit 1:Refrigerator: Yes
  • Unit 1:Sewer: Yes
  • Unit 1:Water: Yes
Unit 2
  • Unit 2:Lease: Yes
  • Unit 2:Level: Second
  • Unit 2:Security Deposit: Yes
  • Unit 2:Monthly Rent: $1,955.00
  • Unit 2:# Full Baths: 1.00
  • Unit 2:# Half Baths: .00
  • Unit 2:# of Rooms: 7.00
  • Unit 2:# of Bedrooms: 4.00
  • Unit 2:Dedicated Electric Meter: Yes
  • Unit 2:Dedicated Gas Meter: No
  • Unit 2:Dedicated Water Heater: No
  • Unit 2:Electric: No
  • Unit 2:Heat: Yes
  • Unit 2:Range: Yes
  • Unit 2:Refrigerator: Yes
  • Unit 2:Sewer: Yes
  • Unit 2:Water: Yes
Unit 3
  • Unit 3:Lease: No
  • Unit 3:Level: Third
  • Unit 3:Security Deposit: No
  • Unit 3:Monthly Rent: $1,750.00
  • Unit 3:# Full Baths: 1.00
  • Unit 3:# Half Baths: .00
  • Unit 3:# of Rooms: 6.00
  • Unit 3:# of Bedrooms: 4.00
  • Unit 3:Dedicated Electric Meter: Yes
  • Unit 3:Dedicated Gas Meter: No
  • Unit 3:Dedicated Water Heater: No
  • Unit 3:Electric: No
  • Unit 3:Heat: Yes
  • Unit 3:Range: Yes
  • Unit 3:Refrigerator: Yes
  • Unit 3:Sewer: Yes
  • Unit 3:Water: Yes
Unit 4
  • Unit 4:Lease: Yes
  • Unit 4:Level: First
  • Unit 4:Security Deposit: Yes
  • Unit 4:Monthly Rent: $1,440.00
  • Unit 4:# Full Baths: 1.00
  • Unit 4:# Half Baths: .00
  • Unit 4:# of Rooms: 6.00
  • Unit 4:# of Bedrooms: 4.00
  • Unit 4:Dedicated Electric Meter: Yes
  • Unit 4:Dedicated Gas Meter: No
  • Unit 4:Dedicated Water Heater: No
  • Unit 4:Electric: No
  • Unit 4:Heat: Yes
  • Unit 4:Range: Yes
  • Unit 4:Refrigerator: Yes
  • Unit 4:Water: Yes
Unit 5
  • Unit 5:Lease: No
  • Unit 5:Level: Second
  • Unit 5:Security Deposit: No
  • Unit 5:Monthly Rent: $1,050.00
  • Unit 5:# Full Baths: 1.00
  • Unit 5:# Half Baths: .00
  • Unit 5:# of Rooms: 4.00
  • Unit 5:# of Bedrooms: 1.00
  • Unit 5:Dedicated Electric Meter: Yes
  • Unit 5:Dedicated Gas Meter: No
  • Unit 5:Dedicated Water Heater: No
  • Unit 5:Electric: No
  • Unit 5:Heat: Yes
  • Unit 5:Range: Yes
  • Unit 5:Refrigerator: Yes
  • Unit 5:Sewer: Yes
  • Unit 5:Water: Yes
Unit Information
  • Units:# of 1 BD Units: 1
  • Units:# of 2 BD Units: 0
  • Units:# of 3 BD Units: 2
  • Units:# of 4+ BD Units: 2

Property History for 26 Webster Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 26 Webster Street

Taxable ValueLand$17,280Additions$144,620Total$161,900
Tax Record2023$4,857 ($405 / month)
Home Facts
Total Finished SqFt2,393 SqFtAbove Grade Finished SqFt2,393 SqFtLot Size8,276 SqFtStyleMulti-Family Res (5+ Units)Year Built1866CountyANDROSCOGGINAPNLEWI M:195 L:107

Schools near 26 Webster Street

This home is within Lewiston Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 8
Public - 9 to 12
Public - PK to 6
Rating
School
Distance
Farwell Elementary School
PublicPK to 6

Lewiston Middle School
Public7 to 8

Lewiston High School
Public9 to 12

Robert V. Connors Elementary School
PublicPK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Hearth & Key Realty

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. © 2022 Maine Real Estate Information System, Inc. All Rights Reserved.