88 Russell Street, Lewiston, ME 04240
$644,900
Property Type:
Multi-Family
Baths:
4
Square Footage:
2,050
Lot Size (sq. ft.):
6,970
Status:
Active
Current Price:
$644,900
List Date:
7/15/2025
Last Modified:
11/05/2025
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.
Supplements: ********
More Information MLS# 1630506
Location Information
Book: 9424
Leased Land: No
Page: 36
Map: 172
Lot: 269
Zoning Overlay: No
Association: No
Tree Growth Y/N: No
Street #: 88
Street Name: Russell
Street Type: Street
County: Androscoggin
Town: Lewiston
State/Province: ME
Zip Code: 04240
Zip +4: 6003
Zoning: NCA
Full Tax Amount $: 5337
Tax Year: 2024
Geo Lat: 44.108356
Geo Lon: -70.200772
Property Information
Surveyed: Unknown
Seasonal: No
Number of Units: 4
Lot Size Acres +/-: 0.16
Total Baths: 4
Total Half Baths: 0
SqFt Finished Above Grade: 2050
SqFt Finished Below Grade: 0
Garage: No
Total Full Baths: 4
Year Built: 1900
SqFt Finished Total: 2050
Source of Acreage: Public Records
Site
Corner Lot: 1
Sidewalks: 1
Location
Near Town: 1
Roads
Paved: 1
Public: 1
Water Info
Water Frontage: No
Water View: No
Style
Colonial: 1
Other: 1
Construction
Wood Frame: 1
Basement
Full: 1
Unfinished: 1
Foundation Materials
Poured Concrete: 1
Exterior
Aluminum Siding: 1
Vinyl Siding: 1
Roof
Shingle: 1
Heat System
Direct Vent Furnace: 1
Heat Fuel
Gas Natural: 1
Income & Expenses
Gross Income: 48324
Operating Expenses: 16929.35
Cooling
None: 1
Floors
Carpet: 1
Laminate: 1
Vinyl: 1
Units
# of 1 BD Units: 3
# of 2 BD Units: 1
Parking
1 - 4 Spaces: 1
On Street: 1
Unit 1
Lease: No
Level: First
Security Deposit: No
Monthly Rent: 465
# Full Baths: 1
# of Rooms: 3
# of Bedrooms: 1
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: No
Heat: No
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Electric
Circuit Breakers: 1
Unit 2
Lease: No
Level: First
Security Deposit: No
Monthly Rent: 900
# Full Baths: 1
# of Rooms: 3
# of Bedrooms: 1
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: No
Heat: No
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Unit 3
Lease: No
Level: Second
Security Deposit: No
Monthly Rent: 750
# Full Baths: 1
# of Rooms: 5
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: No
Heat: No
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Gas
Natural - On Site: 1
Unit 4
Lease: No
Level: Second
Security Deposit: No
Monthly Rent: 712
# Full Baths: 1
# of Rooms: 3
# of Bedrooms: 1
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: No
Heat: No
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Sewer
Public Sewer: 1
Water
Public: 1
Driveway
Paved: 1
Basement Entry
Interior: 1
Water Heater
Electric: 1
Vehicle Storage
No Vehicle Storage: 1
Contract Information
Status: Active
Original List Price: 665000
List Price: $644,900
Current Price: $644,900
Property Features
Site: Corner Lot; Sidewalks
Location: Near Town
Roads: Paved; Public
Style: Colonial; Other
Construction: Wood Frame
Basement: Full; Unfinished
Basement Entry: Interior
Foundation Materials: Poured Concrete
Exterior: Aluminum Siding; Vinyl Siding
Roof: Shingle
Heat System: Direct Vent Furnace
Heat Fuel: Gas Natural
Water Heater: Electric
Cooling: None
Floors: Carpet; Laminate; Vinyl
Driveway: Paved
Parking: 1 - 4 Spaces; On Street
Vehicle Storage: No Vehicle Storage
Electric: Circuit Breakers
Gas: Natural - On Site
Sewer: Public Sewer
Water: Public
Documents
Deed Public Access ›
Listing Office:
Keller Williams Realty
IDX
Last Updated: November - 05 - 2025
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