62 Knox St Lewiston, ME 04240
This exceptional investment opportunity presents a three-unit apartment building located at 62 Knox Street in Lewiston, Maine. The property, built in 1881, boasts a total of 3,234 square feet and is situated on a lot identified by APN LEWI-000196-000000-000263. Each of the three units offers three bedrooms and one bathroom, featuring open layouts and ample natural light. Currently vacant, this property presents a blank canvas for an investor to realize significant income potential. The asking price is $150,000, translating to $50,000 per unit and a price per square foot of $46.38. The property is zoned DR, making it suitable for various uses. Its prime downtown Lewiston location offers convenient access to local amenities and services. This multifamily building represents a compelling investment opportunity for those seeking a property with strong potential for rental income in a desirable Maine location. The property's age presents a chance for renovation and modernization, further enhancing its value and appeal to potential tenants. This is a rare chance to acquire a well-positioned multifamily property in a growing market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.