UPDATED:
Key Details
Property Type Multi-Family
Listing Status Pending
Square Footage 2,424 sqft
MLS Listing ID 1621474
Style New Englander
Full Baths 2
HOA Y/N No
Abv Grd Liv Area 2,424
Year Built 1900
Annual Tax Amount $4,359
Tax Year 2024
Lot Size 1.150 Acres
Acres 1.15
Source Maine Listings
Property Description
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.
Location
State ME
County Androscoggin
Zoning Gen Res
Body of Water no name river
Rooms
Basement Interior, Walk-Out Access, Unfinished
Interior
Heating Forced Air
Cooling None
Flooring Vinyl, Laminate, Carpet
Exterior
Parking Features 1 - 4 Spaces, Gravel
Garage Spaces 2.0
Utilities Available 1
Waterfront Description Stream
View Y/N Yes
View Trees/Woods
Roof Type Shingle
Garage Yes
Building
Lot Description Rolling/Sloping, Wooded, Near Turnpike/Interstate, Near Town
Foundation Granite, Concrete Perimeter
Sewer Public Sewer
Water Public
Architectural Style New Englander
Structure Type Aluminum Siding,Wood Frame
Others
Restrictions Unknown
Energy Description Oil
