New

$999,000

For Sale

A day ago

37 Union St, Lewiston, ME

Name: 37 Union St, For Sale in Lewiston - eXp Realty
Brand: Keller Williams Realty
SKU: 1667692
Price: 999000 USD

House

MLS® 1667692

0 Bed

10 Bath

7200 sqft

Key Facts
Description
Map

Key Facts

Type

Levels Residential Income

Size 7200 sqft

Garage

Taxes $6,454

Days Active 1

Lot Size 0.12 Acres

Approx. Age 1916

Avg. Price Per Sqft $138

MLS® Number 1667692

Property Address: 37 Union St, Lewiston, ME, 04240-6825

Average square foot calculated using Size range provided by listing agent.

Description

Turnkey 10-unit investment opportunity in the heart of Lewiston. 37 Union Street has undergone an extensive renovation, with all ten apartments receiving significant interior updates including new flooring, updated kitchens, renovated bathrooms, fresh finishes, and modernized living spaces. The unit mix offers a strong blend of 1-bedroom, 2-bedroom, and 3-bedroom apartments, providing broad tenant appeal and helping reduce vacancy risk. Beyond the cosmetic improvements, major capital expenditures have already been completed. The property features two brand-new heating systems, two new hot water heaters, and a roof that has been professionally inspected and deemed to be in good condition. Investors can take comfort knowing many of the costly deferred maintenance items have already been addressed. Currently generating $12, 613 per month in rental income, this asset offers immediate cash flow with the potential benefits of a fully stabilized and updated building. Many of the apartments showcase attractive hardwood floors, original architectural details, built-ins, and spacious layouts that tenants appreciate, while the updated systems help minimize future maintenance concerns. Conveniently located in Lewiston, residents enjoy easy access to local employers, restaurants, shopping, public transportation, and the ongoing redevelopment occurring throughout the city. The property is also just minutes from Bates College, Central Maine Medical Center, and the Auburn-Lewiston commercial corridor, making it a desirable location for a wide range of tenants. Whether you're looking to expand an existing portfolio or acquire a large multifamily property with substantial renovations already completed, 37 Union Street presents a rare opportunity to purchase a cash-flowing 10-unit building with major updates already in place.

MLS® Number1667692

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1916

BasementInterior Entry, Finished, Partial, Unfinished

Driveway

Garage Spaces

HeatGas Natural, Baseboard

A/C

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Jun 17, 2026List Date

$999,000List Price

Commute

Commute

Starting Address

Destination Address

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