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36-Unit Rooming House

163 Bates Street, Lewiston, ME 04240

For Sale
$1,600,000

The property is configured for rooming-house use and carries CV zoning.

Property Size19,584 SF
Price / SF$81.70
Days on Market829

Property Features for 163 Bates Street

General Information

Standard status Active
Size 19,584 SF
Property subtype Commercial
Zoning CV

Additional Details

Multifamily Units 36
Currently Operating Yes

Taxes and HOA fees

Annual Taxes $12,168

Building Details

Building Size 19,584 SF
Year Built 1947
Stories 3
Listing Agency: CENTURY 21 Advantage
Listed By: Meredith LaChapelle
Source: Integrityhomesrealestategroup
Added: Aug 7, 2024 Changed: Nov 11 Last Checked: Nov 13 at 6:51PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 Advantage

Rey
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Investment Insights

Based on property information with market context.

At 19,584 square feet, this apartment property is currently configured as a 36-unit rooming house. The building dates to 1947 and is zoned CV.

Showings require 24 hours’ notice.

Key Highlights

  • 36‑unit rooming house
  • 19,584‑square‑foot building
  • Built in 1947

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Lease Details

36
Residential units

Location Intelligence

Trade Area within ½ mile

1,967
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - The property is configured for rooming-house use and carries CV zoning.
Where is this apartment building located?
The property is located at 163 Bates Street Lewiston, ME.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 36‑unit rooming house; 19,584‑square‑foot building; Built in 1947
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