Exceptional Cash Flow Property with Major Upgrades! Fully occupied and cash flowing, this 5-unit multifamily property is an investor's dream! Featuring 2 spacious two-bedroom units and 3 cozy one-bedroom units, this building is generating an impressive gross annual income of $66,000, with a net of more than $50,000 per year. Recent upgrades include a brand new roof and high-efficiency natural gas heat and hot water systems, installed just 3 years ago, ensuring low operating costs for years to come. The big-ticket items have already been taken care of, making this property a hassle-free investment with minimal future capital expenditures. Located in a high-demand rental area, this property is well-positioned for continued success. Don't miss out on this turnkey opportunity with stable tenants and excellent returns! Key Features: 2 x 2-bedroom units, 3 x 1-bedroom units Gross income: $66,000/year Net income: More than $50,000/year New roof and efficient heating systems (3 years old) Natural gas heating and hot water Fully occupied with stable tenants Invest now and start earning immediate cash flow!
Multi-familyProperty Type
1866Year Built
3,049 sq ftLot Size
$78Price/Sq.Ft.
Listed by Dustin Mallar• Maine Source Realty
Bought with Nicole St. Laurent• Hearth & Key Realty
Excellent investment opportunity! This 5 unit located in the heart of Lewiston has solid numbers and a great rental history! Close to area hospitals, colleges, shopping, restaurants, and everything L-A has to offer!
Year
Property tax
Land + Additions
Assessment*
2025
$3,648 (+3.2%)
$8,500 + $102,800
$111,300
2024
$3,536 (+5.9%)
$8,500 + $102,800
$111,300
2023
$3,339 (+29.9%)
$8,500 + $102,800
$111,300
2022
$2,571 (+0.9%)
$8,500 + $81,700
$90,200
2021
$2,549 (−1.4%)
$8,500 + $81,700
$90,200
2020
$2,585 (−0.8%)
$8,500 + $81,660
$90,160
2019
$2,607 (+0.9%)
$8,500 + $81,660
$90,160
2018
$2,585 (+2.3%)
$8,500 + $81,660
$90,160
2017
$2,526 (+1.7%)
$8,500 + $81,660
$90,160
2016
$2,483 (+0.6%)
$8,500 + $81,660
$90,160
2015
$2,468 (+3.0%)
$8,500 + $81,660
$90,160
2014
$2,397 (+0.5%)
$8,500 + $81,660
$90,160
2013
$2,384
$8,500 + $81,660
$90,160
Tax history for 68 Howe St
Year
Property tax
Land + Additions
Assessment*
2025
$3,648 (+3.2%)
$8,500 + $102,800
$111,300
2024
$3,536 (+5.9%)
$8,500 + $102,800
$111,300
2023
$3,339 (+29.9%)
$8,500 + $102,800
$111,300
2022
$2,571 (+0.9%)
$8,500 + $81,700
$90,200
2021
$2,549 (−1.4%)
$8,500 + $81,700
$90,200
2020
$2,585 (−0.8%)
$8,500 + $81,660
$90,160
2019
$2,607 (+0.9%)
$8,500 + $81,660
$90,160
2018
$2,585 (+2.3%)
$8,500 + $81,660
$90,160
2017
$2,526 (+1.7%)
$8,500 + $81,660
$90,160
2016
$2,483 (+0.6%)
$8,500 + $81,660
$90,160
2015
$2,468 (+3.0%)
$8,500 + $81,660
$90,160
2014
$2,397 (+0.5%)
$8,500 + $81,660
$90,160
2013
$2,384
$8,500 + $81,660
$90,160
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
3,049 Sq. Ft.
Year renovated
—
Sq. Ft.
4,811
Year built
1866
Style
Multi-Family (5+ Unit)
County
Androscoggin County
APN
840283
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 27, 2026.
DR
DESIGN DISTRICT OVERLAY
UE
Downtown Residential District
The purpose of the downtown residential district is to promote the improvement of older residential neighborhoods within the downtown by encouraging a transition to more mixed use neighborhoods, including owner-occupied, mixed-age and mixed-income housing with less density where desired and appropriate, low-intensity nonresidential uses, more open space and other neighborhood amenities, creating diverse, mixed-use neighborhoods. The standards of the district will encourage the upgrading of the existing neighborhoods by removing blight and vacancy, providing an opportunity for new residential and commercial development, and fostering a sense of community and place through neighborhood meeting, gathering and cultural places.
Zone overlays
Urban Enterprise District
Permitted uses
Include but are not limited to:
Religious facility
Day care facility
Housing-Single unit
Housing-Multiple units
Housing-Senior
Bed & breakfast
Mixed use
Office
Research & development
Public service
Property details
Parking
Parking Information
Parking Features: No Parking, No Driveway
Interior
Bathroom Information
# of Baths (Full): 5
Basement Information
Basement Entry: Interior, Full, Unfinished
Interior Features
Flooring: Vinyl
Other Equipment: Internet Access Available
Multi-Unit Information
# of Units Total: 5
# of 1 Bedroom Units: 3
# of 2 Bedroom Units: 2
Operating Expense: $13,000
Gross Income: $66,000
Unit 1 Information
# of Bedrooms: 2
Actual Rent: $1,200
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: Yes
Has Heat: Yes
Level: Basement
Refrigerator: Yes
Sewer: Yes
Water: Yes
Unit 2 Information
# of Bedrooms: 1
Actual Rent: $1,000
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: Yes
Has Heat: Yes
Level: Third
Refrigerator: Yes
Sewer: Yes
Water: Yes
Unit 3 Information
# of Bedrooms: 1
Actual Rent: $1,100
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: Yes
Has Heat: Yes
Level: Second
Refrigerator: Yes
Sewer: Yes
Water: Yes
Unit 4 Information
# of Bedrooms: 2
Actual Rent: $1,200
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Has Heat: Yes
Level: Second
Refrigerator: Yes
Sewer: Yes
Water: Yes
Unit 5 Information
# of Bedrooms: 1
Actual Rent: $1,000
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: Yes
Has Heat: Yes
Level: Third
Refrigerator: Yes
Sewer: Yes
Water: Yes
Exterior
Building Information
Construction Materials: Vinyl Siding, Wood Frame
Foundation Details: Block
Roof: Shingle
Total Building Area (Sq. Ft.): 4,811
Property Information
Year Built: 1866
Above-Grade Finished Area (Sq. Ft.): 4,811
Levels: Multi-Level
Lot Information
Lot Size (Sq. Ft.): $3,049.20
Lot Size (Acres): 0.07
Lot Size Source: Public Records
Lot Features: Open, Level, Right of Way, Intown, Near Shopping
Road Surface Type: Paved
Zoning: DR
Financial
Tax Information
Annual Tax Amount: $3,536
Tax Year: 2024
Utilities
Utility Information
Has Heating
Heating: Hot Water, Baseboard
Electric: Circuit Breakers
Sewer: Public Sewer
Utilities: Utilities On
Utilities On: Yes
Water Source: Public
Water Heater: Gas, On Demand
Location
Location Information
Unparsed Address: 68 Howe Street, Lewiston, ME 04240
Public facts
Beds: —
Baths: —
Sq. Ft.: 4,811
Stories: —
Lot Size: 3,049 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1866
Year Renovated: —
County: Androscoggin County
APN: 840283
Home facts updated by county records on Jul 27, 2026
Around this home
Schools
Montello School
Public PreK-6 • Assigned • 1.5mi
1/10
Lewiston Middle School
Public 7-8 • Assigned • 0.5mi
1/10
Lewiston High School
Public 9-12 • Assigned • 0.6mi
2/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 93° expected this year, 16 days in 30 years
4/10 Wind Factor
13% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Lewiston, ME • 04240
Average low and high temperatures (°F)
27
11
30
11
43
25
53
35
64
46
76
56
80
61
80
55
73
51
61
40
47
31
32
15
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.1 hours in
June and 3.7 hours in December, placing it below the
U.S. average for solar exposure.