142 College St Lewiston, ME 04240-6810
Property profile & analytics
142 College St, Lewiston, ME 04240-6810
- Residential income homes
- 8,049 SF
- 0.32 lot acres
Property ID
US42-0816639
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Residential income homes
Property Details for 142 College St
- Year built
- 1881
- Lot size
- 0.32 lot acres
- Property size
- 8,049 SF
- Property type
- Residential income homes
- Property subtype
- Serviced apartments
- APN
- LEWI M:194 L:334
- APU
- LEWIM194L334
Description
This exceptional 18-unit apartment building presents a compelling investment opportunity in the heart of Lewiston, Maine. Situated on a 0.32-acre lot at the corner of College Street and Moulton Street, this property boasts 8,049 square feet of living space spread across a three-story building constructed in 1881. Currently fully occupied, the building offers a strong, immediate return on investment. The property is zoned NCB - Neighborhood Conservation B District. Individual unit pricing is $44,388.89, with an overall asking price of $799,000 ($99.27 per square foot). The property includes recent upgrades and benefits from its prime location near downtown Lewiston. The building's address is 142 College St, Lewiston, ME 04240 (APN: Map 194, Lot 334). This multifamily investment is owned by Multivision Investments LLC and presents a rare chance to acquire a well-maintained, income-producing asset in a thriving Maine community. The building consists of a 15-unit main structure and an attached 3-unit building. This is a turnkey opportunity for an investor seeking a stable and profitable addition to their portfolio. The property's strong occupancy rate and convenient location make it an attractive proposition for both seasoned and new investors.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $419,000
Market price range: $247k - $573k -
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $445,000 Current use
- AUTO REPAIR, GARAGE
- $770,000 Change: +72% Conversion: Difficult
- RESTAURANT
- $540,000 Change: +21% Conversion: Difficult
- RETAIL STORES
- $460,000 Change: +3% Conversion: Difficult
- MEDICAL BUILDING
- $435,000 Change: -3% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Lewiston
- County
- Androscoggin
- State
- Maine
- Longitude
- -70.2102
- Latitude
- 44.1025
- CBSA code
- 30340
- CBSA name
- LEWISTON-AUBURN, ME METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$8,445
$23,760
$257,740
$281,500
-
$0.00
$0.00
$0.00
