163-165 Bates St Lewiston, ME 04240
This exceptional investment opportunity presents a 36-unit rooming house located at 163-165 Bates Street in Lewiston, Maine, within Androscoggin County. The property, encompassing 19,584 square feet on a 0.23-acre lot, is offered at an asking price of $1,600,000. Currently operating as a rooming house, this multifamily property presents significant potential for various uses given its commercial zoning and substantial size. The property's classification includes Apartment Building, Commercial, and Duplex/Triplex/Quadruplex designations, reflecting its versatility and adaptability. The address is 163-165 Bates Street, Lewiston, ME 04240. Given the current configuration as a 36-unit rooming house, the property offers immediate income potential. While the listed unit count is zero, this reflects the unique structure of the current operation. A 24-hour notice is required for all showings. Interested parties are encouraged to inquire for further details and to schedule a viewing. This property is situated at latitude 44.0965494 and longitude -70.214362. The property's substantial size and prime Lewiston location make it an attractive investment opportunity.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.