SELLER CONCESSIONS AVAILABLE! Investors, you won't want to miss this 8-unit multifamily property in Lewiston boasting a 12.33% cap rate. With three vacancies and recent, modest renovations in some units, this property is positioned for strong financial performance, turn-key cash flow, and significant value-add potential. The new roof in 2022 adds to the long-term stability, while opportunities for upgrades in the remaining units offer a clear path to increased equity. This property is ideal for investors looking to grow their portfolio with a focus on long-term gains.
Able to be purchased with additional 8-Unit located at 54 Knox (MLS #1801823)
Closed
$450,000
50 Knox Street, Lewiston, ME 04240
20beds
10,265sqft
Multi Family
Built in 1881
-- sqft lot
$467,700 Zestimate®
$44/sqft
$1,345 Estimated rent
Home value
$467,700
$398,000 - $552,000
$1,345/mo
Zestimate® history
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Owner options
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$1,345/mo
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Rent Zestimate®
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$2,281/mo
Est. payment
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Est. payment
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List your homeWhat's special
Zillow last checked: 7 hours ago
Listing updated: February 19, 2026 at 01:19pm
Listed by:
Keller Williams Realty
Bought with:
Keller Williams Realty
Source: Maine Listings,MLS#: 1601822
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 20
- Bathrooms: 8
- Full bathrooms: 8
Heating
- Baseboard, Hot Water, Zoned
Cooling
- None
Features
- Flooring: Tile, Vinyl
- Basement: Interior Entry
Interior area
- Total structure area: 10,265
- Total interior livable area: 10,265 sqft
- Finished area above ground: 10,265
- Finished area below ground: 0
Property
Features
- Levels: Multi/Split
Lot
- Size: 5,662 sqft
Details
- Zoning: DR
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Roof: Flat
Condition
- Year built: 1881
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Utilities On
Community & neighborhood
Location
- Region: Lewiston
Price history
| Date | Event | Price |
|---|---|---|
| 12/16/2024 | Sold | $450,000-14.3%$44/sqft |
Source:  Maine Listings #1601822 Report a problem | ||
| 10/10/2024 | Pending sale | $525,000$51/sqft |
Source: Maine Listings #1601822 Report a problem | ||
| 8/28/2024 | Listed for sale | $525,000$51/sqft |
Source: Maine Listings #1601822 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 04240
Nearby schools
GreatSchools rating
- 1/10Montello SchoolGrades: PK-6Distance: 1.8 mi
- 1/10Lewiston Middle SchoolGrades: 7-8Distance: 0.9 mi
- 2/10Lewiston High SchoolGrades: 9-12Distance: 0.6 mi
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$467,700
2% more
+$9,354
With Zillow Showcase(estimated)
$477,054
- Maine
- Androscoggin County
- Lewiston
- 04240
- 50 Knox Street