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274 Lisbon Street, 
Lisbon, ME 04250

$349,000


Bed


2

Baths


2,424

Sq Ft


Multi-Family

Pending

Listed by

Michael Hamilton

Shawna Morse

Keller Williams Realty

Last updated:

May 29, 2025, 07:24 AM

MLS#

1621474

Source:

ME MREIS

About This Home

274 Lisbon Street

Discover the potential of this well-located 2-unit building, ideally situated in the center of Lisbon. The property features one 3-bedroom unit and one 4-bedroom unit, offering flexibility for both investors and owner-occupants. The 3-bedroom unit has been recently updated, showcasing the possibilities for future upgrades throughout the building. The spacious 4-bedroom unit is primed for improvements, creating an excellent opportunity for rental growth. Both units are currently rented on a month-to-month basis, with the 3-bedroom unit generating $2,250 per month. Whether you're looking to owner-occupy and offset your mortgage or seeking a value-add investment, this property delivers. With some basic improvements and market-rate rents, investors could realize an impressive projected 13% capitalization rate. Additional highlights include: 200 feet of scenic river frontage A generous lot offering outdoor space A rare two-car garage—an uncommon find in the multifamily market This is a unique chance to own a versatile and income-generating property in one of Lisbon's most convenient locations. Don't miss out—schedule your showing today and explore all that this property has to offer.

Home Facts

Multi-Family

2 Baths

Built in 1900

Price Summary

349,000

$143 per Sq. Ft.

MLS #:

1621474

Last Updated:

May 29, 2025, 07:24 AM


Rooms & Interior

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

2

Interior

Living Area:

2,424 Sq. Ft.


Structure

Structure

Architectural Style:

New Englander

Building Area:

2,424 Sq. Ft.

Year Built:

1900


Lot

Lot Size (Sq. Ft):

50,093


Finances & Disclosures

Finances

Price:

$349,000

Price per Sq. Ft:

$143 per Sq. Ft.

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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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