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$625,000

  • Sold
  • Closed
  • Multi-Family
  • 6 Units
  • 0.1 Acres
  • Updated 14 hours ago
See This Home
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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.

Full Property Details for 1214 College St

General

  • Sold For: $625,000
  • Taxes: $4,339 (2025)
  • Status: Closed
  • Type: Multi-Family
  • Source: MREIS
  • MLS ID: 1655365
  • Added to Site: 101 day(s) ago

Interior

  • Flooring: Carpet, Tile, Vinyl, Wood

Rooms

Bathrooms

  • Total Bathrooms: 6
  • Full Bathrooms: 6

Parking

  • Parking Features: Gravel, 1 - 4 Spaces

Location

  • County: Androscoggin

Community

  • Pets Allowed: Yes

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Gas Natural, Hot Water, Zoned

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Style: Other
  • Construction: Wood Frame, Asbestos
  • Basement: Yes
  • Basement Desc.: Interior Entry, Full, Unfinished
  • Roof: Flat, Shingle, Tar/Gravel
  • Stories/Levels: 3
  • Square Feet: 6,240
  • Finished Total: 6,240 Sq. Ft.
  • Finished Above Grnd: 6,240 Sq. Ft.
  • Year Built: 1886

Lot Features

  • Lot Size (Acres): 0.1
  • Lot Size (Sq. Ft.): 4,356
  • Zoning: CV
  • Lot Description: Intown, Neighborhood, Level, Sidewalks, Near Public Transit

Financial Considerations

  • Operating Expenses: $43,000
  • Tax Amount: $4,339
  • Tax Year: 2025

Disclosures and Reports

  • Lot Number: 485

Listed by EXP Realty (888) 439-8743
Sold by Portside Real Estate Group (207) 619-7571

Listing agents

— 1214 College St —

  • EXP Realty

    888-439-8743

  • EXP Realty

    888-439-8743

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1214 College St

School District:School Administrative District 52
NameGradesDistance
Greene Central School
41 Main Street, Greene, ME 04236
PK-62.8 mi
Tripp Middle School
65 Matthews Way, Turner, ME 04282
7-88.8 mi
Leavitt Area High School
21 Matthews Way, Turner, ME 04282
9-128.8 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1214 College St

Date
Details
Price
Change
Source
6/30/2026
Sold
$625,000
-6.7%
MLS
4/07/2026
Price Reduced
$669,900
-1.49%
MLS
3/25/2026
Listed
$680,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by EXP Realty (888) 439-8743
Sold by Portside Real Estate Group (207) 619-7571

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12-14 College Street, Lewiston, ME 04240 (MLS# 1655365) is a Multi-Family property that was sold at $625,000 on June 30, 2026. Want to learn more about 12-14 College Street? Do you have questions about finding other Multi-Family real estate for sale in Lewiston? You can browse all Lewiston real estate or contact a Coldwell Banker agent to request more information.