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    51 College St Lewiston, ME 04240

    New
    For Sale
    $650,000

    MULTI_FAMILY - Lewiston, ME

    Property size:
    4,155 SF
    Lot size:
    0.13 Acres
    Days on Market:
    4
    Last Refresh:
    Dec 13 at 5:06 pm

    Property Features for 51 College St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    DR
    Rooms
    Bathroom 4, Bathroom 6, Bathroom 5, Bathroom 3, Bathroom 2, Bathroom 1, Basement
    Parking features
    Off Street
    Patio and Porch features
    Porch
    Basement
    Full, Sump Pump, Unfinished
    Size
    4,155 SF
    Lot size
    0.13 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Baseboard, Other (Heating), Hot Water(Heating)
    Water source
    Public

    Building Details

    Year built
    1948
    Floors in Building
    3
    Number of units
    6
    Flooring type
    Laminate, Carpet, Vinyl
    Building materials
    Vinyl Siding, Wood Frame
    Roof type
    Membrane

    The Dot Fernald Team, Inc. (207) 240-0052 [email protected]

    Listing agent Erika Robert (207) 240-0052

    Listing date Dec 10, 2025

    MLS# 1646164 Listing URL

    Copyright © 2025 Maine Real Estate Information System, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lewiston Multifamily Investment Opportunity

    This property features two buildings, each containing three units, situated in Lewiston. Each of the six units includes 3 bedrooms, 1 bathroom, and a private porch. The property, zoned DR, offers ample parking and an additional paved driveway on the back lot. The buildings have a solid structure and are serviced by natural gas. The property is located close to the hospital and other amenities. The total property size is 4155 square feet, situated on a 0.13-acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lewiston
    County
    Androscoggin
    State
    Maine
    Longitude
    -70.21241
    Latitude
    44.099663

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    FAQs

    What type of property is this?
    Apartment building - Two buildings with six units in the heart of Lewiston.
    Where is this apartment building located?
    The property is located at 51 College St Lewiston, ME.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: - Six units, each with 3 bedrooms and 1 bathroom, offering significant rental income potential.; - Prime location in the heart of Lewiston, close to the hospital and all amenities.; - Two buildings with solid structure, indicating long-term stability.
    (207) 240-0052
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    51 College St Lewiston, ME 04240
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