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156 Rideout Avenue, 
Lewiston, ME 04240

$479,000


Bed


4

Baths


3,200

Sq Ft


Multi-Family

Active

Listed by

Jay Weinberg

Last updated:

June 12, 2025, 03:32 PM

MLS#

1626336

Source:

ME MREIS

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About This Home

156 Rideout Avenue

Excellent Opportunity: Very Nice, well maintained 4 unit on a 3rd of an acre lot with 2 car parking for all the units. Also a nice laundry area with washer and dryer hookups for all the units and decent sized storage areas as well, plus a room for all the mechanicals including duel oil tanks and some storage/work area for the owner. The units have a great layout, you walk into the living room, then a good size kitchen with great cabinet and counter space, nice appliances, including a microwave and dishwasher, then a short hallway with a nice full bathroom, then 2 good sized bedrooms, both with large closets and numerous outlets. Another nice plus is the large porches that provide each unit with a good space for the summer months. Unit 1 and unit 2 both have had full cosmetic renovations including new flooring, new paint, numerous repairs/upgrades, and some new appliances within the last 8 to 13 months,. Unit 4 also went through the same process a few years ago and that unit also has some hardwood floors, Unit 2 is the only one that has not been done. There are 4 newer water heaters, 3 of them have been replaced within the last 4 to 13 months, and the other one few years ago. Had a fire inspection about 6 months ago by the Lewiston Fire Department the property is 100 % up to code per the department. Lastly, there is still some upside potential with some of the units, especially with # 2, it is a turn key property/investment.

Home Facts

Multi-Family

4 Baths

Built in 1987

Price Summary

479,000

$149 per Sq. Ft.

MLS #:

1626336

Last Updated:

June 12, 2025, 03:32 PM


Rooms & Interior

Bathrooms

Total Bathrooms:

4

Full Bathrooms:

4

Interior

Living Area:

3,200 Sq. Ft.


Structure

Structure

Building Area:

3,200 Sq. Ft.

Year Built:

1987


Lot

Lot Size (Sq. Ft):

13,503


Finances & Disclosures

Finances

Price:

$479,000

Price per Sq. Ft:

$149 per Sq. Ft.

156 Rideout Avenue
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MREIS Multiple Listing Service™ system Listing 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. © 2023 Maine Real Estate Information System, Inc. All Rights Reserved

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