3 Baths
3,124 SqFt
3 Baths
3,124 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,124 sqft
Price per Sqft $136
MLS Listing ID 1672103
Full Baths 3
HOA Y/N No
Year Built 1926
Tax Year 25
Lot Size 9,583 Sqft
Acres 0.22
Source Maine Listings
Land Area 3124
Property Description
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
Location
State ME
County Androscoggin
Zoning NCA
Direction Main Street in Lewiston to Sabbatus St, Rte 126 east to right on Webster St and right on Walnut St. Property on the left. See signage.
Rooms
Basement Interior Entry, Full, Unfinished
Interior
Interior Features 1st Floor Bedroom, Bathtub, Shower, Storage
Heating Oil, Baseboard, Hot Water, Radiator, Steam
Cooling Wall Unit(s)
Flooring Carpet, Vinyl, Wood
Equipment Cable, Internet Access Available
Furnishings Unfurnished
Laundry Washer Hookup
Exterior
Parking Features Paved, 1 - 4 Spaces, On Site, Off Street, Garage Door Opener, Detached
Garage Spaces 2.0
Waterfront Description Nearby,Public,River/Brook/Stream
Roof Type Membrane,Shingle
Porch Deck, Porch, Porch-Screened
Garage Yes
Building
Lot Description Intown, Near Golf Course, Near Shopping, Neighborhood, Subdivided, Open Lot, Rolling Slope, Sidewalks, Landscaped, Near Public Transit
Entry Level Multi-Level
Foundation Poured Concrete, Brick/Mortar
Water Public
Architectural Style Other
Schools
School District Lewiston Public Schools
Others
Tax ID LEWI-000195-000000-000153
Nearby Locations
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