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About This Home
This 0-bedroom, 0-bathroom residential multi family at 88 Russell Street in Lewiston, ME is listed for $550,000 ($268 per sqft). Built in 1900, the home offers 2,050 sqft of living space on a 0.16 acres lot.
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.
Key Features
- Built in 1900
- 0.16 acre lot
Property Details
Monthly Cost Estimate
$2,942/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
88 Russell Street
Lewiston, ME 04240
Property Details
Flooring
Construction
Parking
Questions & Answers
This 0-bedroom, 0-bathroom residential multi family at 88 Russell Street is listed at $550,000 ($268/sqft). The estimated monthly payment is $2,383 based on 20% down at 6.5% interest.
Key features include: Built in 1900, 0.16 acre lot.
This property is listed by Julia Langham and can be reached at 2077497458 or julia@duboisrealtygroup.net.
