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12-14 College Street, 
Lewiston, ME 04240

$680,000


Bed


6

Baths


6,240

Sq Ft


Multi-Family

Active

Listed by

Patrick Matheson

Kyle Mccarthy

eXp Realty

Last updated:

March 28, 2026, 02:56 PM

MLS#

1655365

Source:

ME MREIS

About This Home

12-14 College Street

Located in Lewiston, this well-maintained 6-unit multifamily property presents a strong opportunity for investors seeking immediate cash flow and long-term stability. The building has undergone significant upgrades, including new siding, a new furnace, and cosmetic improvements across all units. Currently profitable with a high cap rate, this asset stands out as a solid buy-and-hold investment in today's market. Two units are currently vacant with leasing, making the property easy to show. Once those units are leased, the monthly rent roll will exceed $9,000. The property is professionally managed by Simplified Management and management is willing to continue services for the new owner if desired. With major systems already updated and income potential in place, this is an attractive, turnkey investment opportunity for anyone looking to get started or add to an existing portfolio.

Home Facts

Multi-Family

6 Baths

Built in 1886

Price Summary

680,000

$108 per Sq. Ft.

MLS #:

1655365

Last Updated:

March 28, 2026, 02:56 PM


Rooms & Interior

Bathrooms

Total Bathrooms:

6

Full Bathrooms:

6

Interior

Living Area:

6,240 Sq. Ft.


Structure

Structure

Building Area:

6,240 Sq. Ft.

Year Built:

1886


Lot

Lot Size (Sq. Ft):

4,356


Finances & Disclosures

Finances

Price:

$680,000

Price per Sq. Ft:

$108 per Sq. Ft.

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MREIS Multiple Listing Service™ systemListing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.