88 Russell ST Active Save Request In-Person Tour Request Virtual Tour
Lewiston,ME 04240
Key Details
Property Type Multi-Family
Listing Status Active
Square Footage 2,050 sqft
Price per Sqft $324
MLS Listing ID 1630506
Style Other,Colonial
Full Baths 4
HOA Y/N No
Abv Grd Liv Area 2,050
Year Built 1900
Annual Tax Amount $5,337
Tax Year 2024
Lot Size 6,969 Sqft
Acres 0.16
Source Maine Listings
Land Area 2050
Property Description
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.
Location
State ME
County Androscoggin
Zoning NCA
Rooms
Basement Interior,Full,Unfinished
Interior
Heating Direct Vent Furnace
Cooling None
Flooring Vinyl,Laminate,Carpet
Exterior
Parking Features 1 - 4 Spaces,Paved,On Street
View Y/N No
Roof Type Shingle
Street Surface Paved
Garage No
Building
Lot Description Corner Lot,Sidewalks,Near Town
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Architectural Style Other,Colonial
Structure Type Vinyl Siding,Aluminum Siding,Wood Frame
Others
Energy Description Gas Natural