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    88 Russell St Lewiston, ME 04240

    For Sale
    $644,900

    MULTI_FAMILY - Colonial - Lewiston, ME

    Property size:
    2,050 SF
    Lot size:
    0.16 Acres
    Days on Market:
    41
    Last Refresh:
    Dec 15 at 9:06 am

    Property Features for 88 Russell St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    NCA
    Rooms
    Basement, Bathroom 1, Bathroom 3, Bathroom 2, Bathroom 4
    Parking features
    On Street
    Basement
    Full, Unfinished
    Size
    2,050 SF
    Lot size
    0.16 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1900
    Number of units
    4
    Flooring type
    Vinyl, Laminate, Carpet
    Building materials
    Vinyl Siding, Aluminum Siding, Wood Frame
    Roof type
    Shingle
    Architectural style
    Colonial

    Keller Williams Realty (207) 879-9800 [email protected]

    Listing agent Julia Langham (207) 344-3300

    Listing date Nov 5, 2025

    MLS# 1630506 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

    Mixed-Use Investment Opportunity Near College

    This mixed-use property, located steps from Bates College, features four residential units and an on-site convenience store. The property is positioned to serve the student and local market. Rents are currently below market, offering potential for investors. The property is suitable for a value-add rehab to maximize rental income. It is also move-in ready for owner-occupants or tenants. The property is located in a walkable neighborhood with foot traffic from the college community. The property is suitable for renovation or for taking advantage of existing cash flow. The lot size is 0.16 acres. The property size is 2050 square feet. The zoning is NCA. The property is located in Lewiston, Maine, in Androscoggin County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lewiston Variety II Convenience Store Kim's Kitchen Chinese Restaurant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Lewiston
    County
    Androscoggin
    State
    Maine
    Longitude
    -70.200859
    Latitude
    44.108372

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    FAQs

    What type of property is this?
    Mixed-use property - Four residential units plus convenience store near Bates College.
    Where is this mixed-use property located?
    The property is located at 88 Russell St Lewiston, ME.
    What is the asking price?
    The asking price for this property is $644,900.
    What are key features of this property?
    This property features: - Prime location steps from Bates College ensures high demand.; - Mixed-use property with four residential units and an on-site convenience store provides diverse income streams.; - Immediate income upside potential by increasing rents to market rates.
    (207) 344-3300
    Request Owner's contact information
    88 Russell St Lewiston, ME 04240
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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
    88 Russell St Lewiston, ME 04240
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