About This Home

This 0-bedroom, 3-bathroom residential multi family at 171 Walnut Street in Lewiston, ME is listed for $450,000 ($144 per sqft). Built in 1926, the home offers 3,124 sqft of living space on a 0.22 acres lot.

Key Features

  • Built in 1926
  • 0.22 acre lot

Property Details

3 full
1926
Listing Description

Excellent owner-occupied or investment opportunity! Well-maintained 3-unit building situated on a rare double lot in a convenient Lewiston location, just minutes from Bates College, St. Mary's Regional Medical Center, Central Maine Medical Center, downtown amenities, shopping, and restaurants.

Offering over 3,000 square feet of living space, this solid multi-family property features stable in-place rental income with excellent upside potential. The building includes two first-floor one-bedroom units and a spacious second-floor three-bedroom apartment, providing an attractive mix of unit sizes for both investors and owner-occupants.

Each unit offers in-unit laundry, generous storage, and comfortable living spaces. Major capital improvements have already been completed, including a brand-new roof (July 2026), newer furnace, replacement windows, and low-maintenance vinyl siding, providing peace of mind for years to come.

Outside, the oversized double lot offers abundant off-street parking for tenants and guests, along with a detached two-car garage for additional parking, storage, or workshop space. Whether you're looking to offset your mortgage by living in one unit while collecting rental income from the others, or expand your investment portfolio with a well-maintained income-producing property, this versatile multi-family offers exceptional value in a highly desirable location close to colleges, hospitals, and major employers.

Monthly Cost Estimate

$2,407/mo

20% down · 6.5% · 30 years

Principal$325
Interest$1,950
Insurance$131

Estimates only. Actual payments may vary.

Location

171 Walnut Street

Lewiston, ME 04240

Features & Amenities

Interior Features

1st Floor BedroomBathtubShowerStorage

Property Details

Flooring

VinylWoodCarpet

Construction

Wood Frame Vinyl Siding Wood Siding

Pool Features

PorchDeck

Parking

Off StreetOpen

Heating

BaseboardOther (Heating)SteamOilHot Water(Heating)

Cooling

Wall Unit(s)

Questions & Answers

This 0-bedroom, 3-bathroom residential multi family at 171 Walnut Street is listed at $450,000 ($144/sqft). The estimated monthly payment is $2,406 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1926, 0.22 acre lot. Interior Features: 1st Floor Bedroom, Bathtub, Shower.

This property is listed by Deborah Meek and can be reached at 2075532662.

DM

Deborah Meek

Agent at Keller Williams Realty

(207) 553-2662

Listed by Keller Williams Realty · View on Broker Site

MLS# 1672103· Source: listhub· Listed today

Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

171 Walnut Street, Lewiston, ME 04240

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