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171-175 Walnut Street, 
Lewiston, ME 04240

$399,900


Bed


3

Baths


3,124

Sq Ft


Multi-Family

Active

Keller Williams Realty, 207-553-2662

Last updated:

September 4, 2026, 10:34 AM

MLS#

1672103

Source:

ME MREIS

About This Home

171-175 Walnut Street

TWO PARCELS. THREE HOMES. PLENTY OF POSSIBILITIES. Well maintained. Brand-new roof. Parking for up to 8 vehicles. One very versatile property. A rare double-parcel offering in Lewiston, 171 & 175 Walnut Street combines a well-maintained three-unit property with the adjoining vacant parcel at 175 Walnut Street--offering space, flexibility and possibilities that are increasingly difficult to find. Whether you are looking for a home of your own with rental income to help offset expenses, space for extended family, or a solid investment for the future, this property offers plenty of options. The spacious 3-bedroom unit is currently vacant and ready to occupy, while the two 1-bedroom apartments provide established rental income, with rent increases currently in process. The property has been well maintained, with a brand-new roof adding peace of mind for the next owner. Outside, there is an exceptional amount of off-street parking with space for up to 8 vehicles, plus a detached 2-car garage providing additional parking, storage or workshop space. This could also be additional rental income. And then there is 175 Walnut Street--the adjoining vacant parcel included in the sale. Having two separate parcels creates a huge garden with great additional outdoor space and flexibility today, together with intriguing possibilities for the future, subject to municipal approvals. Balcony decks and rear porches offer plenty of outdoor fresh air plus place to relax For an owner-occupant, this could be a particularly appealing way to own a home: move straight into the vacant 3-bedroom unit and enjoy the benefit of income already coming in from the other two apartments. For an investor, the property offers established income with further potential over time. 171 & 175 Walnut Street are being sold together. Any future use or development of the vacant parcel is subject to applicable municipal approvals and deed restrictions. **Contains some AI enhanced imagery

Home Facts

Multi-Family

3 Baths

Built in 1926

Price Summary

399,900

$128 per Sq. Ft.

MLS #:

1672103

Last Updated:

September 4, 2026, 10:34 AM


Rooms & Interior

Bathrooms

Total Bathrooms:

3

Full Bathrooms:

3


Structure

Structure

Building Area:

3,124 Sq. Ft.

Year Built:

1926


Lot

Lot Size (Sq. Ft):

9,583


Finances & Disclosures

Finances

Price:

$399,900

Price per Sq. Ft:

$128 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.