151 Horton Street, Lewiston, ME 04240
Androscoggin County
Key Facts
Description
Well-maintained and updated 8-unit multifamily in a strong Lewiston rental market, offering a mix of stability and upside. The property features a diverse unit mix of (2) one-bedroom, (4) two-bedroom, and (2) three-bedroom units - positioning it well to attract a broad tenant base and reduce vacancy risk. The property has seen a mix of major exterior capital improvements and ongoing interior upgrades. Key components including the roof, siding, and heating system have been updated, helping reduce near-term capital expenditure risk. Several units have been renovated with updated kitchens, flooring, and interior finishes, supporting strong tenant demand and rental performance, while leaving additional units available for future improvements and continued rent growth. The property offers off-street parking for all units and benefits from Lewiston's continued rental demand and limited supply of larger multifamily assets. With a solid operational foundation already in place, this is a turnkey opportunity for investors seeking dependable cash flow with the ability to further optimize rents and increase long-term value. Whether you're scaling an existing portfolio or acquiring a stabilized asset in a growing market, this building checks the boxes for both performance and potential.
Property Information
Property Type
Residential Income
Style
Other
Year Built
1896
Living Area
7,920 sq ft
Lot Size
0.22 acres
Zoning
DR
MLS® Listing#
1660474
Property Features
Cooling
Heating
Flooring
Basement
Parking
Patio
Lot Features
Construction
Roof
Utilities
Sewer
Water Source
Financial Details
HOA
None
Annual Taxes
$5,381
Tax year 2025
Affordability Calculator
$179,800
Estimated monthly payment
$4,785/mo
Principal $719,200 · Est. interest $1,003,348 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Lewiston, ME
- $361,842
- Median Listing Price
- 64
- Median Days on Market
- 1,877
- Median Sq Ft
- $174
- Median Price / Sq Ft
- 171
- Active Listings
- This home’s price is 148% above the area median.
- Its price per sq ft is 35% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Lewiston, ME.
Location
Map is currently unavailable for this location.
Points of Interest in Lewiston, ME
Showing the Lewiston area map.
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 141 Bradbury Street, Lewiston, ME | $635,000 | 5 | 4 | 3,652 |
| 13 Saint Tekakwitha Drive, Lewiston, ME | $635,000 | 3 | 2 | 2,100 |
| 125 Pierce Street, Lewiston, ME | $650,000 | — | 6 | 5,734 |
| 279 Pine Street, Lewiston, ME | $660,000 | — | 4 | 4,417 |
| 279 Pine Street, Lewiston, ME | $660,000 | — | 4 | 4,417 |
| 1225 Sabattus Street, Lewiston, ME | $699,900 | — | — | 448 |
