280 Lincoln St Lewiston, ME 04240
Downtown Lewiston NeighborhoodEstimated payment $1,172/month
Highlights
- Water Views
- Property is near public transit
- Main Floor Bedroom
- Deck
- Wood Flooring
- 1-minute walk to Gas Light Park
About This Home
Investor & Contractor Special - Unlock the Potential! This is a fantastic opportunity for savvy investors, flippers, or contractors looking for their next project. Located next to a small city park with river views, this multi-unit building offers great bones and serious upside for the right buyer. The first floor has been completely gutted. It's a blank slate waiting for your finishing touches. Whether you're planning another base rental unit or custom owner-occupied space, all the demo work is already done, saving you time and money. The second and third floors were recently rented and require some cosmetic updates to bring them up to rentable standards. With some light TLC... cleaning, painting, etc, you could have two income-producing units up and running quickly, while finishing the first floor at your own pace. Please note: This property will not qualify for conventional financing. It's best suited for buyers using cash, hard money, or private capital. With the right vision, this could be a high-yield rental, a smart flip, or a long-term hold with excellent equity potential. Properties with this kind of value-add opportunity don't last long—schedule your showing today and see the potential for yourself! (Please note some pics are from when the building was previously rented)
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,324
Year Built
- Built in 1891
Lot Details
- 2,614 Sq Ft Lot
- Level Lot
- Open Lot
Home Design
- Brick Foundation
- Concrete Foundation
- Block Foundation
- Wood Frame Construction
- Metal Roof
- Vinyl Siding
- Concrete Perimeter Foundation
Interior Spaces
- 2,554 Sq Ft Home
- 3-Story Property
- Double Pane Windows
- Screened Porch
- Water Views
Flooring
- Wood
- Carpet
- Laminate
- Vinyl
Bedrooms and Bathrooms
- Main Floor Bedroom
- 4 Full Bathrooms
- Bathtub
Unfinished Basement
- Walk-Out Basement
- Exterior Basement Entry
Parking
- Gravel Driveway
- On-Site Parking
- Off-Street Parking
Outdoor Features
- Deck
Location
- Property is near public transit
- City Lot
Utilities
- No Cooling
- Baseboard Heating
- Electric Water Heater
- Internet Available
Community Details
- No Home Owners Association
- 3 Units
Listing and Financial Details
- Tax Lot 48
- Assessor Parcel Number LEWI-000209-000000-000048
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $2,324 | $73,140 | $13,400 | $59,740 |
| 2023 | $2,194 | $73,140 | $13,400 | $59,740 |
| 2022 | $2,084 | $73,140 | $13,400 | $59,740 |
| 2021 | $2,067 | $73,140 | $13,400 | $59,740 |
| 2020 | $2,097 | $73,140 | $13,400 | $59,740 |
| 2019 | $1,843 | $73,140 | $13,400 | $59,740 |
| 2018 | $1,838 | $73,140 | $13,400 | $59,740 |
| 2017 | $1,778 | $63,450 | $13,400 | $50,050 |
| 2016 | $1,734 | $33,950 | $0 | $33,950 |
| 2015 | $929 | $33,950 | $0 | $33,950 |
| 2014 | $903 | $33,950 | $0 | $33,950 |
| 2013 | $898 | $33,950 | $0 | $33,950 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/04/2025 08/04/25 | Pending | -- | -- | -- |
| 07/19/2025 07/19/25 | Price Changed | $179,900 | -7.7% | $70 / Sq Ft |
| 07/07/2025 07/07/25 | For Sale | $195,000 | +56.0% | $76 / Sq Ft |
| 06/30/2025 06/30/25 | Sold | $125,000 | -28.5% | $49 / Sq Ft |
| 01/27/2025 01/27/25 | Price Changed | $174,900 | -10.3% | $68 / Sq Ft |
| 01/03/2025 01/03/25 | Pending | -- | -- | -- |
| 01/02/2025 01/02/25 | Price Changed | $195,000 | -17.0% | $76 / Sq Ft |
| 11/24/2024 11/24/24 | For Sale | $235,000 | 0.0% | $92 / Sq Ft |
| 11/17/2024 11/17/24 | Pending | -- | -- | -- |
| 09/05/2024 09/05/24 | Price Changed | $235,000 | -6.0% | $92 / Sq Ft |
| 08/18/2024 08/18/24 | For Sale | $249,900 | +11.1% | $98 / Sq Ft |
| 06/30/2023 06/30/23 | Sold | $225,000 | +12.6% | $88 / Sq Ft |
| 06/08/2023 06/08/23 | Pending | -- | -- | -- |
| 05/25/2023 05/25/23 | For Sale | $199,900 | +81.7% | $78 / Sq Ft |
| 11/22/2021 11/22/21 | Sold | $110,000 | -26.6% | $43 / Sq Ft |
| 10/15/2021 10/15/21 | Pending | -- | -- | -- |
| 07/28/2021 07/28/21 | For Sale | $149,900 | -- | $59 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $125,000 | -- | |
| Warranty Deed | $125,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $220,924 | FHA | |
| Previous Owner | $75,000 | New Conventional | |
| Previous Owner | $75,000 | New Conventional |
Source: Maine Listings
MLS Number: 1629380
APN: LEWI-000209-000000-000027-004440
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