198 Park Street

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Active
$720,000
8,900 sqft
198 Park St, Lewiston, ME 04240
Est: $4,478/moGet pre-approved
Multi FamilyProperty Type
0.11 acresLot Size
1881Year Built
$81/sq ftPrice per sq ft

Description

Investment opportunity in the heart of lewiston! Well-positioned 8-unit multifamily property at 198 Park Street, offering a desirable mix of four 2-bedroom units and four 1-bedroom units. The mix provides flexibility for attracting a broad range of tenants and offers an investor an opportunity to own a substantial multifamily asset in a highly convenient Lewiston location. Situated near downtown, residents have access to restaurants, shopping, services, parks, employment and amenities without having...Investment opportunity in the heart of lewiston! Well-positioned 8-unit multifamily property at 198 Park Street, offering a desirable mix of four 2-bedroom units and four 1-bedroom units. The mix provides flexibility for attracting a broad range of tenants and offers an investor an opportunity to own a substantial multifamily asset in a highly convenient Lewiston location. Situated near downtown, residents have access to restaurants, shopping, services, parks, employment and amenities without having to rely on a vehicle. The Park Street area is considered highly walkable and near public transit hubs. Building is vacant, cleaned out and ready for your finishing touches. Has newer siding and windows and is in good condition. Matterport 3D walkthrough gives a sample of a 2 bedroom unit and a 1 bedroom unit as do photos.
Days on Market Listed Today
  • Listed by: Charmaine Raby 207.577.1034 charmaine@fontaineteam.com • Fontaine Family-The Real Estate Leader
Last updated: 10/03/2026 10:48 AM • Source: Maine Listings, MLS#: 1683059

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$4,478 per month

30 year fixed, 7.03% Interest

Principal and Interest

$3,844

Property Taxes

$635

HOA Dues

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Property Information for 198 Park Street

Property Details
  • Taxes: $7,615 / year
  • MLS Type: Multi-Family
  • County: Androscoggin County
  • Architectural Style: High Rise
  • Has Waterfront: No
  • Zoning: DR
Building Information
  • Stories: 4
  • Residences: 8
  • Year Built: 1881
  • Lot Size: 0.11 AC / 4,791 SF
Summary
Location and General Information
  • Water View: No
  • Page: 177
  • Directions: From Lincoln St., turn left onto Chestnut St., turn right onto Park St., and property will be on the left. No sign.
  • Latitude: 44.093202
  • Longitude: -$70.21
  • Transportation: Major Road Access, Near Public Transit
Taxes and HOA
  • Association: No
  • Parcel Number: LEWI-000196-000000-000042
  • Tax Lot: 42
  • Tax Book Number: 1442
  • Tax Map Number: 196
  • Tax Year: 2025
  • Tax Annual Amount: $7,615.00
Parking
  • Parking Features: Paved, 1 - 4 Spaces, On Street
  • Vehicle Storage: No Vehicle Storage
  • Has Attached Garage: No
  • Has Garage: No
Virtual Tour
Property
Lot Information
  • Lot Features: Intown, Level, Near Public Transit
  • Lot Size Acres: 0.11
  • Lot Size Area: 0.11
  • Lot Size Source: Public Records
  • Lot Size Square Feet: 4791.6
  • Lot Size Units: Acres
  • Roads: Public
  • Tree Growth: false
Property and Assessments
  • Above Grade Finished Area: 8900.0
  • Building Area Total: 8900.0
  • Property Type: Multi-Family
  • Deed: All
  • Deed/Conveyance Type Offered: Quit Claim
  • Restrictions: No Restrictions
  • Year Built: 1881
Building Features
  • Levels: Three or More
  • Foundation Details: Poured Concrete, Brick/Mortar
  • Construction Materials: Wood Frame, Vinyl Siding
  • Stories: 4
  • Stories Total: 4
Financial Information
  • List Price/SqFt: $80.90
Utilities
  • # Heating Units: 1
  • # Water Heaters: 1
  • Electric: Circuit Breakers
  • Gas: Natural - On Site
  • Sewer: Public Sewer
  • Water Source: Public
  • Water Heater: Electric
  • Utilities On: Yes
Interior and Exterior Features
Exterior Features
  • Roof: Flat, Membrane
  • Window Features: Double Pane Windows
  • Window Features: Double Pane Windows
Interior Features
  • Amenities: Bathtub, Shower, Storage
  • Bathrooms Full: 8
  • Bathrooms Total Decimal: 8.0
  • Bathrooms Total Integer: 8
  • Basement: Interior Entry, Unfinished, Brick/Mortar
  • Has Fireplace: No
  • Patio And Porch Features: Deck
  • Has Cooling: No
  • Heating: Gas Natural, Baseboard
  • Has Heating: Yes
  • Flooring: Wood, Linoleum
  • Interior Features: Bathtub, Shower, Storage
Multi Family
Multi Family Information
  • # of 1 BD Units: 4
  • # of 2 BD Units: 4
  • Number Of Units Total: 8
Income & Expenses
  • Gross Income: $117,774.00
  • Operating Expense: $7,615.00
Unit Information
Unit 1
  • Num Full Baths: 1
  • Dedicated Electric Meter: Yes
  • Dedicated Gas Meter: No
  • Dedicated Water Heater: No
  • Refrigerator: Yes
  • Sewer: Yes
  • Water: Yes
  • Electric: No
  • Heat: Yes
  • Range: Yes
  • Lease: No
  • Level: First
  • Security Deposit: No
  • Actual Rent: $1,375.00
  • Beds Total: 2
  • Rooms Total: 4
Unit 2
  • Num Full Baths: 1
  • Dedicated Electric Meter: Yes
  • Dedicated Gas Meter: No
  • Dedicated Water Heater: No
  • Refrigerator: Yes
  • Sewer: Yes
  • Water: Yes
  • Electric: No
  • Heat: Yes
  • Range: Yes
  • Lease: No
  • Level: Third
  • Security Deposit: No
  • Actual Rent: $1,078.00
  • Beds Total: 1
  • Rooms Total: 3
Unit 3
  • Num Full Baths: 1
  • Dedicated Electric Meter: Yes
  • Dedicated Gas Meter: No
  • Dedicated Water Heater: No
  • Refrigerator: Yes
  • Sewer: Yes
  • Water: Yes
  • Electric: No
  • Heat: Yes
  • Range: Yes
  • Lease: No
  • Level: Third
  • Security Deposit: No
  • Actual Rent: $1,375.00
  • Beds Total: 2
  • Rooms Total: 4
Unit 4
  • Num Full Baths: 1
  • Dedicated Electric Meter: Yes
  • Dedicated Gas Meter: No
  • Dedicated Water Heater: No
  • Refrigerator: Yes
  • Sewer: Yes
  • Water: Yes
  • Electric: No
  • Heat: Yes
  • Range: Yes
  • Lease: No
  • Level: Second
  • Security Deposit: No
  • Actual Rent: $1,078.00
  • Beds Total: 1
  • Rooms Total: 3
Unit 5
  • Num Full Baths: 1
  • Dedicated Electric Meter: Yes
  • Dedicated Gas Meter: No
  • Dedicated Water Heater: No
  • Refrigerator: Yes
  • Sewer: Yes
  • Water: Yes
  • Electric: No
  • Heat: Yes
  • Range: Yes
  • Lease: No
  • Level: Second
  • Security Deposit: No
  • Actual Rent: $1,375.00
  • Beds Total: 2
  • Rooms Total: 4
Unit 6
  • Num Full Baths: 1
  • Dedicated Electric Meter: Yes
  • Dedicated Gas Meter: No
  • Dedicated Water Heater: No
  • Refrigerator: Yes
  • Sewer: Yes
  • Water: Yes
  • Electric: No
  • Heat: Yes
  • Range: Yes
  • Lease: No
  • Level: First
  • Security Deposit: No
  • Actual Rent: $1,078.00
  • Beds Total: 1
  • Rooms Total: 3
Unit 7
  • Num Full Baths: 1
  • Dedicated Electric Meter: Yes
  • Dedicated Gas Meter: No
  • Dedicated Water Heater: No
  • Refrigerator: Yes
  • Sewer: Yes
  • Water: Yes
  • Electric: No
  • Heat: Yes
  • Range: Yes
  • Lease: No
  • Level: Four +
  • Security Deposit: No
  • Actual Rent: $1,078.00
  • Beds Total: 1
  • Rooms Total: 3
Unit 8
  • Num Full Baths: 1
  • Dedicated Electric Meter: Yes
  • Dedicated Gas Meter: No
  • Dedicated Water Heater: No
  • Refrigerator: Yes
  • Sewer: Yes
  • Water: Yes
  • Electric: No
  • Heat: Yes
  • Range: Yes
  • Lease: No
  • Level: Four +
  • Security Deposit: No
  • Actual Rent: $1,375.00
  • Beds Total: 2
  • Rooms Total: 4
Rental
Rent Information
  • Land Lease: No
  • Pets Allowed: No Restrictions

Property History for 198 Park Street

DateEvent & SourcePriceAppreciation
Oct 3, 2026

Listed (Active)

Maine Listings #1683059

$720,000—
DateEvent & SourcePrice
10/03/2026

Listed (Active)

Maine Listings #1683059

$720,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 198 Park Street

Taxable ValueLand$19,130Additions$213,270Total$232,400
Home Facts
Total Finished SqFt8,900 SqFtAbove Grade Finished SqFt8,900 SqFtLot Size4,792 SqFtStyleGovernmental / Public UseYear Built1881Year Renovated1881CountyANDROSCOGGINAPNLEWI M:196 L:042

Schools near 198 Park Street

This home is within Lewiston Public Schools.
Rating
School
Type
Grades
Distance
Montello School
Public - PK to 6
Lewiston Middle School
Public - 7 to 8
Lewiston High School
Public - 9 to 12
Robert V. Connors Elementary School
Public - PK to 6
Rating
School
Distance
Montello School
PublicPK to 6

Lewiston Middle School
Public7 to 8

Lewiston High School
Public9 to 12

Robert V. Connors Elementary School
PublicPK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 198 Park Street, Lewiston, ME 04240

198 Park Street is a multi-family home for sale in Lewiston, ME 04240. This listing's school district is Lewiston Public Schools. Nearby schools include Montello School, Lewiston Middle School and Lewiston High School. 198 Park Street is a 0-bed, 8-bath, 8,900 sqft multi-family home built in 1881.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Fontaine Family-The Real Estate Leader

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved.