Bought with Payton Austin Hearth & Key Realty
$345,000
$349,000
1.1%For more information regarding the value of a property, please contact us for a free consultation.
4 Baths
2,500 SqFt
SOLD DATE : 07/10/2026
Key Details
Sold Price $345,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,500 sqft
Price per Sqft $138
MLS Listing ID 1663930
Sold Date 07/10/26
Full Baths 3
HOA Y/N No
Year Built 1920
Tax Year 2025
Lot Size 0.320 Acres
Acres 0.32
Source Maine Listings
Land Area 2500
Property Description
Large, extensively updated two-unit property located at 65 Main Street in Lisbon, Maine, offering an excellent opportunity for an owner-occupant or investor looking for strong income potential with major recent capital improvements already completed. This property features two spacious units, including a recently and completely remodeled Unit 2, currently vacant and ready for potential owner occupancy or placement at market rent. Unit 1 is occupied by a strong long-term tenant. Overall rents appearing to be under market and offering future upside for rental income growth. Recent improvements include three new heat pumps installed in 2025, new heat-pump water heaters for both units, new hot-air furnaces for both units in 2026, some new appliances in Unit 2, new siding, some newer roofing, and several updated doors and windows. With tenants paying most utilities, low operating expenses, updated systems, and a large lot, this property is well positioned as a lower-maintenance investment with long-term stability and room for increased cash flow. Conveniently located in Lisbon's Main Street area, the property benefits from a community-focused setting with access to Route 196, the Androscoggin River corridor, local village amenities, and regional connections toward Lewiston/Auburn, Topsham, Brunswick, and the I-95/I-295 commuter routes. Lisbon's own downtown planning highlights its traditional mixed-use village centers, Main Street character, river access, and ongoing focus on revitalization, making this a compelling location for both tenants and future owners.
Location
State ME
County Androscoggin
Zoning Res
Rooms
Basement Interior Entry, Unfinished
Interior
Interior Features 1st Floor Bedroom, Bathtub, Shower, Primary Bedroom w/Bath
Heating Electric, Propane, Forced Air, Heat Pump
Cooling Heat Pump
Flooring Laminate, Vinyl, Wood
Window Features Double Pane Windows
Laundry Main Level, Upper Level
Exterior
Parking Features Paved, 5 - 10 Spaces, Detached
Garage Spaces 1.0
Utilities Available No
Roof Type Pitched,Shingle
Porch Deck, Patio
Garage Yes
Building
Lot Description Intown, Near Shopping, Near Town, Neighborhood, Level
Foundation Stone, Brick/Mortar
Water Public
Architectural Style Cape Cod, New Englander
Others
Tax ID LISN-000004U-000000-000142
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