Investment opportunity in Lewiston! This versatile 4-unit mixed-use property at 1114 Lisbon Street offers multiple income streams with three residential apartments, each featuring two bedrooms, plus an approximately 1,000-square-foot commercial/office space. A detached two-bay garage provides additional functionality and potential value. With established rental income and a location along the Lisbon Street corridor, this property offers an opportunity for an investor or owner-user to reposition and improve the property over time. Whether you're looking to expand your investment portfolio, operate a business while generating residential rental income, or take on a property with value-add potential, 1114 Lisbon Street offers flexibility and opportunity in Lewiston. Stove and fridge in units 1, 2 & 3. Showings begin after open house on 10/3/2026. This listing is cross-listed with MLS 1682783.
Webster Street, located between Lisbon Street and Main Street, is a residential and civic Lewiston neighborhood with a river-adjacent setting and a grid of walkable blocks. The neighborhood’s character concentrates around the Lisbon Street corridor near Bates College, where coffee counters, small eateries, and campus foot traffic set the daily rhythm. Brick mill-era buildings and classic New England houses share the streetscape, with pockets of institutional architecture tied to the college. Bates College anchors the area’s cultural calendar, while the Bates College Museum of Art adds a gallery-going counterpoint. Along the Androscoggin, the Lewiston-Auburn Riverwalk frames the landscape with paths and overlooks. Downtown venues such as The Public Theatre and the Franco Center extend the neighborhood’s arts-and-performance orbit.
Provided by Walk Score and Local Logic
Offer insights
1114 Lisbon St · $429,000
$432K and above
75% chance or better to win
Why $432K+ is a strong offer
DAYS ON MARKET
24 days
The average home goes pending in 66 days.
SALE-TO-LIST
97.5%
Most homes are selling 3% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Security system
Carpet, laminate, vinyl and wood flooring
Bedrooms
Four units total: one 1-bedroom unit and three 2-bedroom units
Second-floor units are 2-bedroom (three units); one first-floor unit is a smaller unit
Bathrooms
Three full bathrooms building-wide
Individual unit baths: three units with 1 full bath each; one unit with 1 half bath
Kitchen
Refrigerators included in three units; one unit without a refrigerator
Laundry & utility
Units have individual utility arrangements (dedicated electric meters for each unit)
Water and sewer available to all units
Flooring
Combination of carpet, laminate, vinyl and wood floors
Heating & cooling
Heating present in all units; forced air and hot water heating systems
Circuit breaker electric
Exterior features
Porch
Corner lot with sidewalks
Located intown, near shopping, golf course, turnpike/interstate and public transit
Paved roads
Home design
Multi-level building with 2 total stories
Built in 1947
Commercial/business zoning (CB)
Parking
Detached garage with 2-car capacity
Paved parking with 5–10 spaces and inside entrance
Inside entrance to building
Security
Security system
Construction
Wood frame construction with aluminum and vinyl siding
Flat membrane roof
Total building area approximately 3,878 square feet
Utilities
Public water and public sewer
Water heater tied to heating system
Utilities are currently on
Financial info
Four-unit multi-family property
Gross income reported at $49,800
Operating expenses reported at $14,102
Individual unit rents reported: $1,500; $1,000; $900; $750
Electricity and solar
View estimated energy costs and solar savings for this home
Let the tenants pay your mortgage! This 4 unit is conveniently located near local businesses and in a well establish neighborhood. The landlord apartment includes a large family room in the basement and the first floor front unit has a store or business front with great visibility. Each unit offers an open concept, lots of sunlight, 2 bedroom, laundry hook-up, and nice enclosed porches. Roof will be replaced March 2016 This great property also comes with 3 bay garage.
Year
Property tax
Land + Additions
Assessment*
2014
$5,413 (+0.6%)
$44,280 + $159,300
$203,580
2013
$5,383
$44,280 + $159,300
$203,580
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
10,019 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Year built
—
Style
Multi-Family (2-4 Unit)
County
Androscoggin County
APN
M150L001
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Apr 10, 2023.
CB
Community Business District
The purpose of the community business district is to provide areas within the city for the location of major shopping facilities, including shopping centers which serve the wider community. The standards of the district are intended to encourage well planned commercial developments which have controlled vehicular access and high standards of site design.
Permitted uses
Include but are not limited to:
Gas station
Day care facility
General retail
Housing-Single unit
Housing-Multiple units
Housing-Senior
Bed & breakfast
Hotel / motel
Mixed use
Office
Historical weather
Lewiston, ME • 04240
Average low and high temperatures (°F)
27
11
30
11
43
25
53
35
64
46
76
56
81
61
80
55
73
50
61
40
47
31
32
15
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
73/ 100
Good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.9 hrs
3.6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1114 Lisbon St
$424,544
$4,456 under list price of $429K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $260K to $460K.