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Managed Apartment Building
For Sale
$570,000

78 Howard Street, Lewiston, ME 04240

Multi-Family, Lewiston, ME

Property Size7,200 SF
Lot Size0.11 Acres
Price / SF$79.17
Days on Market48

Property Features for 78 Howard Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning DR
Bathrooms 6
Full bathrooms 6
Rooms Bathroom 3, Bathroom 6, Bathroom 2, Bathroom 1, Basement, Bathroom 4, Bathroom 5
Parking features Off Street, On Street
Basement Full, Unfinished
Lot features Level, Intown
Standard status Active
Size 7,200 SF
Lot size 0.11 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 5015

Utilities

Sewer type Public Sewer
Heating system Baseboard, Natural Gas
Water source Public

Building Details

Year built 1925
Floors in Building 3
Number of units 6
Flooring type Wood
Building materials Wood Frame, Vinyl Siding
Roof type Flat
Listing Agency: Keller Williams Realty
Listed By: Malachi Winslow · License #925500
Added: Jul 15 Changed: Aug 26 Last Checked: Aug 31 at 12:06AM
MLS# 1665292

Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This apartment building contains 7,200 square feet on a 0.11-acre lot and was constructed in 1925. The structure features wood-frame construction with vinyl siding, wood flooring, a flat roof, and six listed bathrooms. Heating is provided by natural-gas baseboard systems.

The property is served by public water and public sewer, with both off-street and on-street parking available. Professional management is already in place, and the existing management team is interested in continuing its role. The property is identified with DR zoning and includes a basement.

Key Highlights

  • 7,200‑square‑foot apartment building constructed in 1925
  • 0.11‑acre lot with DR zoning
  • Existing professional management arrangement

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Electrical Service (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Butcher Cosmetic Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,224
Businesses Nearby

Demographics for 04240, ME

37,121
Population
16,852
Households
2.2
Avg Household Size
38
Median Age
22%
College-Educated
90%
High-School Grad
34.1 sq mi
ZIP Area
1,089
Density / Sq Mi
$56,558
Median Household Income
$36,734
Median Earnings
$954
Median Rent
$214,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Wood-frame rental property with public utilities, off-street parking, and an existing professional management arrangement.
Where is this apartment building located?
The property is located at 78 Howard Street Lewiston, ME.
What is the asking price?
The asking price for this property is $570,000.
What are key features of this property?
This property features: 7,200‑square‑foot apartment building constructed in 1925; 0.11‑acre lot with DR zoning; Existing professional management arrangement
More about this property
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