50 Knox Street

Lewiston, ME 04240

$450,000
Last Sold Price
20
Beds
8
Baths
10,265 Sq. Ft.
$44 / Sq. Ft.
10,265
Sq. Ft.
$44
per Sq. Ft.

Closed 12/16/24

Closed 12/16/24

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Description

Seller concessions available! Investors, you won't want to miss this 8-unit multifamily property in Lewiston boasting a 12.33% cap rate. With three vacancies and recent, modest renovations in some units, this property is positioned for strong financial performance, turn-key cash flow, and significant value-add potential. The new roof in 2022 adds to the long-term stability, while opportunities for upgrades in the remaining units offer a clear path to increased equity. This property is ideal for investors...Seller concessions available! Investors, you won't want to miss this 8-unit multifamily property in Lewiston boasting a 12.33% cap rate. With three vacancies and recent, modest renovations in some units, this property is positioned for strong financial performance, turn-key cash flow, and significant value-add potential. The new roof in 2022 adds to the long-term stability, while opportunities for upgrades in the remaining units offer a clear path to increased equity. This property is ideal for investors looking to grow their portfolio with a focus on long-term gains. Able to be purchased with additional 8-Unit located at 54 Knox (MLS #1801823)
  1. Listed by Tyler Stewart • Keller Williams Realty

Property Details for 50 Knox Street

Waterfront
No
ArchitecturalStyle
Multi-Level
Garage Spaces
.00
Garage
No
Zoning
DR
LISTING UPDATED: 12/16/2024 03:50 PM

Property Details for 50 Knox Street

StatusClosed
MLS #1601822
Days on Market43
Taxes$3,141 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family
Year Built1881
Lot Size0.13 AC / 5,662 SF
CountyAndroscoggin County

Building Information for 50 Knox Street

Stories-Residences8Year Built1881Building Size-Lot Size0.13 AC / 5,662 SF

Property Information for 50 Knox Street

Summary
Location and General Information
  • Directions: GPS Friendly
  • Town: Lewiston
  • State/Province: ME
  • Zip Code: 04240
  • County: Androscoggin
  • Geo Latitude: 44.092241
  • Geo Longitude: -70.212101
  • Tax Lot: 260
  • Site:Level: Yes
  • Site:Sidewalks: Yes
  • Location:Intown: Yes
Parking
  • Parking Features: 5 - 10 Spaces, Paved, Common, Off Street, On Street
  • Attached Garage: No
Taxes and HOA Information
  • Tax Book Number: 10985
  • Tax Map Number: 196
  • Tax Year: 2023
  • Parcel Number: LEWI-000196-000000-000260
  • Location Information:Association Y/N: No
  • Tax Annual Amount: $3,141.00
Property
Heating and Cooling
  • Water Heater:Other Water Heater: Yes
Lot Information
  • SqFt Finished Below Grade: 0.0
  • SqFt Finished Above Grade: 10265.0
  • Lot Size Acres: 0.13
  • Source of Acreage: Public Records
  • Building Area Total: 10265.0
  • Lot Size Area: 0.13
  • Lot Size Units: Acres
  • Lot Size Square Feet: 5662.8
  • Bathrooms Full: 8
  • Bathrooms Half: 0
  • Street Number: 50
  • Property Information:Surveyed: Unknown
  • 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:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Property Information:2 Detached Houses on 1 Lot: No
  • Property Information:Total Half Baths: .00
  • Property Information:Color: Pink
  • Property Information:Source of Road Frontage: Other
  • Property Information:Road Front Other Source: Measured
Parking
  • Driveway:Common: Yes
  • Driveway:Paved: Yes
Property and Assessments
  • Leased Land: No
  • Property Type: Multi-Family
  • Property Type Label: Multi-Family
  • Year Built: 1881
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: Asbestos, Wood Frame
  • Vehicle Storage:No Vehicle Storage: Yes
  • Roof: Flat
Interior Features
  • Basement: Dirt Floor, Full, Interior Entry, Unfinished
  • Flooring: Vinyl, Tile
  • Cooling: None
  • Heating: Multi-Zones, Hot Water, Baseboard
  • Bathrooms Total (Integer): 8
  • Bathrooms Total (Decimal): 8.00
  • Bathrooms Total (Notational): 8.00
  • Cooling YN: No
  • Heating YN: Yes
Multi Family
Income & Expenses Information
  • Gross Income: $116,700.00
  • Operating Expenses: $51,951.80
Multi-Family Information
  • Number of Units: 8
Unit 1
  • Unit 1:Lease: No
  • Unit 1:Level: First
  • Unit 1:Security Deposit: Yes
  • Unit 1:Monthly Rent: $1,500.00
  • Unit 1:# Full Baths: 1.00
  • Unit 1:# of Half Baths: .00
  • Unit 1:# of Rooms: 5.00
  • Unit 1:# of Bedrooms: 3.00
  • 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: No
  • Unit 2:Level: Second
  • Unit 2:Security Deposit: Yes
  • Unit 2:Monthly Rent: $1,500.00
  • Unit 2:# Full Baths: 1.00
  • Unit 2:# Half Baths: .00
  • Unit 2:# of Rooms: 5.00
  • Unit 2:# of Bedrooms: 3.00
  • 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: Yes
  • Unit 3:Monthly Rent: $1,500.00
  • Unit 3:# Full Baths: 1.00
  • Unit 3:# Half Baths: .00
  • Unit 3:# of Rooms: 5.00
  • Unit 3:# of Bedrooms: 3.00
  • 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: No
  • Unit 4:Level: Four +
  • Unit 4:Security Deposit: No
  • Unit 4:Monthly Rent: $.00
  • Unit 4:# Full Baths: 1.00
  • Unit 4:# Half Baths: .00
  • Unit 4:# of Rooms: 5.00
  • Unit 4:# of Bedrooms: 3.00
  • 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: First
  • Unit 5:Security Deposit: Yes
  • Unit 5:Monthly Rent: $1,325.00
  • Unit 5:# Full Baths: 1.00
  • Unit 5:# Half Baths: .00
  • Unit 5:# of Rooms: 4.00
  • Unit 5:# of Bedrooms: 2.00
  • 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 6
  • Unit 6:Lease: No
  • Unit 6:Level: Second
  • Unit 6:Security Deposit: Yes
  • Unit 6:Monthly Rent: $1,325.00
  • Unit 6:# Full Baths: 1.00
  • Unit 6:# Half Baths: .00
  • Unit 6:# of Rooms: 4.00
  • Unit 6:# of Bedrooms: 2.00
  • Unit 6:Dedicated Electric Meter: Yes
  • Unit 6:Dedicated Gas Meter: No
  • Unit 6:Dedicated Water Heater: No
  • Unit 6:Electric: No
  • Unit 6:Heat: Yes
  • Unit 6:Range: Yes
  • Unit 6:Refrigerator: Yes
  • Unit 6:Sewer: Yes
  • Unit 6:Water: Yes
Unit 7
  • Unit 7:Lease: No
  • Unit 7:Level: Third
  • Unit 7:Security Deposit: Yes
  • Unit 7:Monthly Rent: $1,250.00
  • Unit 7:# Full Baths: 1.00
  • Unit 7:# Half Baths: .00
  • Unit 7:# of Rooms: 4.00
  • Unit 7:# of Bedrooms: 2.00
  • Unit 7:Dedicated Electric Meter: Yes
  • Unit 7:Dedicated Gas Meter: No
  • Unit 7:Dedicated Water Heater: No
  • Unit 7:Electric: No
  • Unit 7:Heat: Yes
  • Unit 7:Range: Yes
  • Unit 7:Refrigerator: Yes
  • Unit 7:Sewer: Yes
  • Unit 7:Water: Yes
Unit 8
  • Unit 8:Lease: No
  • Unit 8:Level: Four +
  • Unit 8:Security Deposit: No
  • Unit 8:Monthly Rent: $1,325.00
  • Unit 8:# Full Baths: 1.00
  • Unit 8:# Half Baths: .00
  • Unit 8:# of Rooms: 4.00
  • Unit 8:# of Bedrooms: 2.00
  • Unit 8:Dedicated Electric Meter: Yes
  • Unit 8:Dedicated Gas Meter: No
  • Unit 8:Dedicated Water Heater: No
  • Unit 8:Electric: No
  • Unit 8:Heat: Yes
  • Unit 8:Range: Yes
  • Unit 8:Refrigerator: Yes
  • Unit 8:Sewer: Yes
  • Unit 8:Water: Yes
Unit Information
  • Units:# of 1 BD Units: 0
  • Units:# of 2 BD Units: 4
  • Units:# of 3 BD Units: 4
  • Units:# of 4+ BD Units: 0

Property History for 50 Knox 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 50 Knox Street

Taxable ValueLand$17,280Additions$87,420Total$104,700
Tax Record2023$3,141 ($262 / month)
Home Facts
Total Finished SqFt10,265 SqFtAbove Grade Finished SqFt10,265 SqFtLot Size5,663 SqFtStyleMulti-Family Res (5+ Units)Year Built1881CountyANDROSCOGGINAPNLEWI M:196 L:260

Schools near 50 Knox Street

This home is within Lewiston Public Schools.
Rating
School
Type
Grades
Distance
Montello School
Public - PK to 6
Lewiston Middle School
Public - 7 to 8
Lewiston High School
Public - 9 to 12
Robert V. Connors Elementary School
Public - PK to 6
Rating
School
Distance
Montello 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 Keller Williams 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.