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$550,000 -$39,900 (-6.76%) Price Reduced

  • For Sale
  • Active
  • Multi-Family
  • 4 Units
  • 0.16 Acres
  • Updated 10 hours ago
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Prime Investment Opportunity - 4-Unit Multi-Family + Convenience Store Near Bates College. Exceptional location just steps from Bates College! This mixed-use property features four residential units plus an on-site convenience store-perfectly positioned to serve the high-demand student and local market. Income Potential: Rents are currently below market, offering immediate upside for investors. Flexible Use: Ideal for a value-add rehab to maximize rental income-or move-in ready for owner-occupants or tenants. High Visibility: Located in a walkable neighborhood with consistent foot traffic from the college community. Student Appeal: Tap into steady demand from Bates College students, faculty, and staff. Whether you're looking to renovate for increased returns or take advantage of strong existing cash flow, this property is a rare find with unlimited potential.

Full Property Details for 88 Russell St

General

  • Price: $550,000
  • Taxes: $5,337 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: MREIS
  • MLS ID: 1630506
  • Updated: 2/13/2026
  • Added to Site: 19 day(s) ago

Interior

  • Flooring: Vinyl, Laminate, Carpet

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 4

Parking

  • Parking Features: 1 - 4 Spaces, Paved, On Street

Location

  • County: Androscoggin

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Direct Vent Furnace

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Style: Other, Colonial
  • Construction: Vinyl Siding, Aluminum Siding, Wood Frame
  • Roof: Shingle
  • Building Size: 2050
  • Square Feet: 2,050
  • Living Area: 2,050 Sq. Ft.
  • Finished Total: 2,050 Sq. Ft.
  • Finished Above Grnd: 2,050 Sq. Ft.
  • Year Built: 1900

Lot Features

  • Lot Size (Acres): 0.16
  • Lot Size (Sq. Ft.): 6,969.6
  • Lot Size Source: Public Records
  • Zoning: NCA
  • Lot Description: Corner Lot, Sidewalks, Near Town

Financial Considerations

  • Tax Amount: $5,337
  • Tax Year: 2024

Disclosures and Reports

  • Lot Number: 269

Listed by Keller Williams Realty (207) 344-3300

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Listing agent

— 88 Russell St —

  • Keller Williams Realty

    207-344-3300

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 88 Russell St

School District:Lewiston
NameGradesDistance
Raymond A. Geiger Elementary School
601 College Street, Lewiston, ME 04240
PK-61.2 mi
Lewiston Middle School
75 Central Avenue, Lewiston, ME 04240
7-80.4 mi
Lewiston High School
156 East Avenue, Lewiston, ME 04240
9-121 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 88 Russell St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/13/2026
Price Reduced
$550,000
-6.76%
MLS
1/26/2026
Price Reduced
$589,900
-8.53%
MLS
11/05/2025
Price Reduced
$644,900
-3.02%
MLS
7/15/2025
Listed
$665,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 88 Russell St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,507
3%
$168,000
—
2024
$5,337
6%
$168,000
—
2023
$5,040
5%
$168,000
—
2022
$4,788
1%
$168,000
—
2021
$4,748
-1%
$168,000
—
2020
$4,817
—
$168,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Keller Williams Realty (207) 344-3300

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88 Russell Street, Lewiston, ME 04240 (MLS# 1630506) is a Multi-Family property with 4 units containing 0 bedrooms and 4 full bathrooms. 88 Russell Street is currently listed for $550,000 and was received on January 26, 2026. Want to learn more about 88 Russell 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.

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