171 Walnut Street, Lewiston, ME 04240

Lewiston
Local realty services provided by:ERA Dawson-Bradford Co., REALTORS
171 Walnut Street,Lewiston, ME 04240
$425,000
  • - Beds
  • 3 Baths
  • 3,124 sq. ft.
  • Multi-family
  • Active
Office: keller williams realty207-553-2662
MLS#:1672103
Source:ME_MREIS

Price summary

  • Price:$425,000
  • Price per sq. ft.:$136.04

About this home

A smart multifamily opportunity with clear upside. A rare double-lot offering includes a vacant lot at 175 Walnut Street and a three unit at 171 Walnut Street is a well-maintained multi-unit offers a strong combination of existing income, below-market rents and the ability to improve performance over time. The property consists of two 1-bedroom units and a spacious 3-bedroom unit, currently vacant and ready to lease at market rent or occupy. The two 1-bedroom units are currently rented at $800 and $1,000 per month--both below prevailing market levels--providing a straightforward path to increased future income. With the 3-bedroom projected at approximately $2,000 per month and opportunity to bring rents closer to market over time, the property offers attractive stabilized income potential. The fundamentals are equally compelling: a brand new roof, ample off-street parking, a detached 2-car garage, and a property that has been well maintained--important considerations when...

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Home facts

  • Year built:1926
  • Listing ID #:1672103
  • Updated:August 29, 2026 at 10:17 AM

Rooms and interior

  • Total bathrooms:3
  • Full bathrooms:3
  • Flooring:Carpet, Vinyl, Wood
  • Bathrooms Description:Bathtub, Shower
  • Bedroom Description:1st Floor Bedroom
  • Basement Description:Full, Interior Entry, Unfinished
  • Living area:3,124 sq. ft.

Heating and cooling

  • Cooling:Wall Units
  • Heating:Baseboard, Heating, Hot Water, Oil, Radiator, Steam

Structure and exterior

  • Roof:Membrane, Shingle
  • Year built:1926
  • Building area:3,124 sq. ft.
  • Lot area:0.22 Acres
  • Lot Features:Intown, Landscaped, Near Golf Course, Near Public Transit, Near Shopping, Neighborhood, Open Lot, Rolling Slope, Sidewalks, Subdivided
  • Construction Materials:Vinyl Siding, Wood Frame, Wood Siding
  • Exterior Features:Deck, Porch, Porch-Screened
  • Foundation Description:Brick/Mortar, Poured Concrete
  • Levels:Multi Level

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$425,000
  • Price per sq. ft.:$136.04
  • Tax amount:$5,050 (25)

Features and amenities

  • Laundry features:Washer Hookup
  • Amenities:Storage

Parking

  • Parking description:1 - 4 Spaces, Detached, Garage Door Opener, Off street, On Site, Paved
  • Garage:Yes
  • Garage spaces:2
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