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About the Listing 1898 - 018828,024306,023393
Discover the potential of this well-located 2-unit building, ideally situated in the center of Lisbon. The property features one 3-bedroom unit and one 4-bedroom unit, offering flexibility for both investors and owner-occupants. The 3-bedroom unit has been recently updated, showcasing the possibilities for future upgrades throughout the building. The spacious 4-bedroom unit is primed for improvements, creating an excellent opportunity for rental growth. Both units are currently rented on a month-to-month basis, with the 3-bedroom unit generating $2,250 per month. Whether you're looking to owner-occupy and offset your mortgage or seeking a value-add investment, this property delivers. With some basic improvements and market-rate rents, investors could realize an impressive projected 13% capitalization rate. Additional highlights include: 200 feet of scenic river frontage A generous lot offering outdoor space A rare two-car garage—an uncommon find in the multifamily market This is a unique chance to own a versatile and income-generating property in one of Lisbon's most convenient locations. Don't miss out—schedule your showing today and explore all that this property has to offer.
Listing Highlights
Status
Sold
Days on Site
387
Property Type
Multi-Family
MLS ®
1621474
Year Built
1900
Total Square Footage
2,424
Lot/Acreage
1.15
County
Androscoggin
Interior Details
- Bedrooms: 0
- Bathrooms: 2 Full
- Appliances:
- Air Cond:
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 2424
- Below Ground Sq Ft: 0
- Basement: Interior,Walk-Out Access,Unfinished
- Other:
- Water: Public
Exterior Details
- Lot Description: Rolling/Sloping,Wooded,Near Turnpike/Interstate,Near Town
- Garage Capacity: 2 car
- Zoning: Gen Res
- Roof: Shingle
- Others:
- Sewer: Public Sewer
- Parking Features: 1 - 4 Spaces,Gravel
Financial Details
- Tax Amount: $4,359
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2024
Payment Calculator
Monthly Payment
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Questions About..
274 Lisbon St Lisbon, ME 04250
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