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Image 1 - 56 Knox St, Lewiston, Maine, 04240 - House for sale
Image 2 - 56 Knox St, Lewiston, Maine, 04240 - House for sale
Image 3 - 56 Knox St, Lewiston, Maine, 04240 - House for sale
Image 4 - 56 Knox St, Lewiston, Maine, 04240 - House for sale
Image 5 - 56 Knox St, Lewiston, Maine, 04240 - House for sale
Home For Sale In Lewiston, Maine
56 Knox St, Lewiston, Maine, 04240

Home For Sale In Lewiston, Maine

house for sale
Listed: 06/21/24

56 Knox St, Lewiston, Maine, 04240

Studio Bed:
20 Bath:
29,365 Sq Ft Living Area:
Save
Price
$ 1M

About This House

Back on the market at no fault to the Seller! Introducing a remarkable Multi-Family investment opportunity! This enticing portfolio consists of three value-add properties, totaling 20 units. With substantial upside potential for equity, these properties present a highly lucrative prospect for savvy investors in search of impressive returns! With a current cap rate of 11.62% and situated in downtown Lewiston, 50, 54and 56 Knox boasts consistent rental demand with tremendous upside potential. In addition to the attractive financial prospects, this portfolio also offers convenience and accessibility. With close proximity to major transportation routes, hospitals, schools, parks, police/fire, and other desirable amenities, continued tenant demand is ensured. You won't want to miss this exceptional opportunity to add 20 units to your …  Full description

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Lewiston Housing & Living

Household Income

Median household income: $39,890
Number of households: 16,063
The average household income in Lewiston, ME grew from $38,199 to $39,890 in the past year. This data is an estimate based upon 16,063 households in Lewiston, ME.
The chart below presents how household income is distributed in Lewiston, ME in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $2k-$3k
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Lewiston, ME compared to median property taxes around the country. The prevalent amount of property taxes in Lewiston, ME equals $2k-$3k , which is more than the national average.