88 Russell St
Description
Prime Investment Opportunity - 4-Unit Multi-Family + Convenience Store Near Bates College. Exceptional location just steps from Bates College! This mixed-use property features four residential units plus an on-site convenience store—perfectly positioned to serve the high-demand student and local market. Income Potential: Rents are currently below market, offering immediate upside for investors. Flexible Use: Ideal for a value-add rehab to maximize rental income—or move-in ready for owner-occupants...Prime Investment Opportunity - 4-Unit Multi-Family + Convenience Store Near Bates College. Exceptional location just steps from Bates College! This mixed-use property features four residential units plus an on-site convenience store—perfectly positioned to serve the high-demand student and local market. Income Potential: Rents are currently below market, offering immediate upside for investors. Flexible Use: Ideal for a value-add rehab to maximize rental income—or move-in ready for owner-occupants or tenants. High Visibility: Located in a walkable neighborhood with consistent foot traffic from the college community. Student Appeal: Tap into steady demand from Bates College students, faculty, and staff. Whether you're looking to renovate for increased returns or take advantage of strong existing cash flow, this property is a rare find with unlimited potential.
- Listed by Julia Langham • Keller Williams Realty
Property Details for 88 Russell Street
Waterfront
No
ArchitecturalStyleOther, Colonial
GarageNo
ZoningNCA
LISTING UPDATED: 01/26/2026 05:17 PM
Property Details for 88 Russell Street
| Status | Active |
|---|---|
| MLS # | 1630506 |
| Days on Market | 167 |
| Taxes | $5,337 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family |
| Year Built | 1900 |
| Lot Size | 0.16 AC / 6,969 SF |
| County | Androscoggin County |
Location
Listing Courtesy of Keller Williams Realty
Add your commute
Building Information for 88 Russell Street
Stories-Residences4Year Built1900Building Size-Lot Size0.16 AC / 6,969 SF
Payment Calculator
$3,320 per month
30 year fixed, 6.15% Interest
Principal and Interest
$2,875
Property Taxes
$445
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 88 Russell Street
Summary
Location and General Information
- Road Surface Type: Paved
- Zip Code: 6003
- Town: Lewiston
- State/Province: ME
- Zip Code: 04240
- County: Androscoggin
- Geo Latitude: 44.108356
- Geo Longitude: -70.200772
- Tax Lot: 269
- Site:Corner Lot: Yes
- Site:Sidewalks: Yes
- Location:Near Town: Yes
Parking
- Parking Features: 1 - 4 Spaces, Paved, On Street
- Attached Garage: No
Taxes and HOA Information
- Tax Book Number: 9424
- Tax Map Number: 172
- Tax Year: 2024
- Parcel Number: LEWI-000172-000000-000269
- Location Information:Association Y/N: No
- Tax Annual Amount: $5,337.00
Property
Heating and Cooling
- Water Heater:Electric: No
Lot Information
- SqFt Finished Below Grade: 0.0
- SqFt Finished Above Grade: 2050.0
- Lot Size Acres: 0.16
- Source of Acreage: Public Records
- Building Area Total: 2050.0
- Lot Size Area: 0.16
- Lot Size Units: Acres
- Lot Size Square Feet: 6969.6
- Bathrooms Full: 4
- Bathrooms Half: 0
- Street Number: 88
- Property Information:Surveyed: Unknown
- Property Information:Seasonal: No
- Property Information:Total Half Baths: .00
Parking
- Driveway:Paved: Yes
Property and Assessments
- Sign on Property: Yes
- Leased Land: No
- Property Type: Multi-Family
- Property Type Label: Multi-Family
- Year Built: 1900
Utilities
- Electric: Circuit Breakers
- Sewer: Yes
- Water Source: Public
- Gas:Natural - On Site: Yes
Interior and Exterior Features
Exterior Features
- Construction Materials: Vinyl Siding, Aluminum Siding, Wood Frame
- Vehicle Storage:No Vehicle Storage: Yes
- Roof: Shingle
Interior Features
- Basement: Interior, Full, Unfinished
- Flooring: Vinyl, Laminate, Carpet
- Cooling: None
- Heating: Direct Vent Furnace
- Foundation Details: Concrete Perimeter
- Bathrooms Total (Integer): 4
- Bathrooms Total (Decimal): 4.00
- Bathrooms Total (Notational): 4.00
- Cooling YN: No
- Heating YN: Yes
Multi Family
Income & Expenses Information
- Gross Income: $48,324.00
- Operating Expenses: $16,929.35
Multi-Family Information
- Number of Units: 4
Unit 1
- Unit 1:Lease: No
- Unit 1:Level: First
- Unit 1:Security Deposit: No
- Unit 1:Monthly Rent: $465.00
- Unit 1:# Full Baths: 1.00
- Unit 1:# of Half Baths: .00
- Unit 1:# of Rooms: 3.00
- Unit 1:# of Bedrooms: 1.00
- Unit 1:Dedicated Electric Meter: Yes
- Unit 1:Dedicated Gas Meter: Yes
- Unit 1:Dedicated Water Heater: Yes
- Unit 1:Electric: No
- Unit 1:Heat: No
- Unit 1:Range: Yes
- Unit 1:Refrigerator: Yes
- Unit 1:Sewer: Yes
- Unit 1:Water: Yes
Unit 2
- Unit 2:Lease: No
- Unit 2:Level: First
- Unit 2:Security Deposit: No
- Unit 2:Monthly Rent: $900.00
- Unit 2:# Full Baths: 1.00
- Unit 2:# Half Baths: .00
- Unit 2:# of Rooms: 3.00
- Unit 2:# of Bedrooms: 1.00
- Unit 2:Dedicated Electric Meter: Yes
- Unit 2:Dedicated Gas Meter: Yes
- Unit 2:Dedicated Water Heater: Yes
- Unit 2:Electric: No
- Unit 2:Heat: No
- Unit 2:Range: Yes
- Unit 2:Refrigerator: Yes
- Unit 2:Sewer: Yes
- Unit 2:Water: Yes
Unit 3
- Unit 3:Lease: No
- Unit 3:Level: Second
- Unit 3:Security Deposit: No
- Unit 3:Monthly Rent: $750.00
- Unit 3:# Full Baths: 1.00
- Unit 3:# Half Baths: .00
- Unit 3:# of Rooms: 5.00
- Unit 3:# of Bedrooms: 2.00
- Unit 3:Dedicated Electric Meter: Yes
- Unit 3:Dedicated Gas Meter: Yes
- Unit 3:Dedicated Water Heater: Yes
- Unit 3:Electric: No
- Unit 3:Heat: No
- Unit 3:Range: Yes
- Unit 3:Refrigerator: Yes
- Unit 3:Sewer: Yes
- Unit 3:Water: Yes
Unit 4
- Unit 4:Lease: No
- Unit 4:Level: Second
- Unit 4:Security Deposit: No
- Unit 4:Monthly Rent: $712.00
- Unit 4:# Full Baths: 1.00
- Unit 4:# Half Baths: .00
- Unit 4:# of Rooms: 3.00
- Unit 4:# of Bedrooms: 1.00
- Unit 4:Dedicated Electric Meter: Yes
- Unit 4:Dedicated Gas Meter: Yes
- Unit 4:Dedicated Water Heater: Yes
- Unit 4:Electric: No
- Unit 4:Heat: No
- Unit 4:Range: Yes
- Unit 4:Refrigerator: Yes
- Unit 4:Water: Yes
Unit Information
- Units:# of 1 BD Units: 3
- Units:# of 2 BD Units: 1
- Units:# of 3 BD Units: 0
- Units:# of 4+ BD Units: 0
Property History for 88 Russell Street
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Nov 5, 2025 | Price Change Maine Listings #1630506 | $644,900 | — |
| Nov 5, 2025 | Price Change Maine Listings #1630508 | $644,900 | — |
| Jul 9, 2025 | Listed (Active) Maine Listings #1630508 | $665,000 | — |
| Jul 9, 2025 | Listed (Active) Maine Listings #1630506 | $665,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 11/05/2025 | Price Change Maine Listings #1630506 | $644,900 |
| 11/05/2025 | Price Change Maine Listings #1630508 | $644,900 |
| 07/09/2025 | Listed (Active) Maine Listings #1630508 | $665,000 |
| 07/09/2025 | Listed (Active) Maine Listings #1630506 | $665,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 88 Russell Street
Taxable ValueLand$25,600Additions$142,400Total$168,000
Tax Record2025$5,507 ($459 / month)
Home Facts
Total Finished SqFt5,393 SqFtAbove Grade Finished SqFt5,393 SqFtLot Size6,970 SqFtStyleOffice BuildingYear Built1900CountyANDROSCOGGINAPNLEWI M:172 L:269
Schools near 88 Russell Street
This home is within Lewiston Public Schools.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 6 | |||
| Public - | 7 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | PK to 6 |
Rating | School | Distance |
|---|---|---|
Raymond A. Geiger Elementary 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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Listing Courtesy of Keller Williams Realty
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. © 2022 Maine Real Estate Information System, Inc. All Rights Reserved.
