56 Knox Street

56 Knox Street
Lewiston, ME 04240

$1,000,000

Price

Beds

Baths

29,365 Sq. Ft.

$34 / Sq. Ft.

29,365

Sq. Ft.

$34

per Sq. Ft.

Pending

9-web-or-mls-57DA69DB-107F-4387-A8FA-1CA

Description

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, 54 & 56 Knox boasts consistent rental demand with tremendous upside potential. In addition...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, 54 & 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 investment portfolio. Whether you're an experienced investor or entering the market for the first time, this property provides many opportunities for an excellent ROI with the potential for long-term wealth accumulation. Act now to secure your position in this thriving multi-family real estate market! Additional 3-unit (MLS #1563470) adjacent to the property is available to purchase for an additional amount.

Listed by Tyler Stewart • Keller Williams Realty

Property Details for 56 Knox Street

Waterfront

ArchitecturalStyle

Multi-Level

Garage

Zoning

Location

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LISTING UPDATED: 05/13/2024 07:18 AM

Property Details for 56 Knox Street

Status	Pending
MLS #	1563471
Days on Market	83
Taxes	$2,984 / year
HOA Fees	-
Condo/Co-op Fees	-
Compass Type	Multi Family
MLS Type	Multi-Family
Year Built	1881
Lot Size	0.35 AC / 15,246 SF
County	Androscoggin County

Location

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Building Information for 56 Knox Street

Stories-Residences20Year Built1881Building Size-Lot Size0.35 AC / 15,246 SF

Payment Calculator

$5,706 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,457

Property Taxes

$249

HOA Dues

The Payment Calculator is for illustrative purposes only.

Property Information for 56 Knox Street

Summary

Location and General Information

Zip Code: 7483
Directions: GPS Friendly

Town: Lewiston
State/Province: ME
Zip Code: 04240
County: Androscoggin
Geo Latitude: 44.091977
Geo Longitude: -70.211952
Tax Lot: 260-263
Site:Level: Yes
Site:Sidewalks: Yes
Location:Intown: Yes
Location:Near Turnpike/Interstate: Yes

Parking

Parking Features: 5 - 10 Spaces, Paved, Common, On Site, Off Street
Attached Garage: No

Taxes and HOA Information

Tax Book Number: 10985
Tax Map Number: 196

Tax Year: 2022
Parcel Number: LEWI-000196-000000-000260
Location Information:Association Y/N: No
Tax Annual Amount: $2,984.00

Property

Heating and Cooling

Water Heater:Gas: Yes

Lot Information

SqFt Finished Below Grade: 0.0
SqFt Finished Above Grade: 29365.0

Lot Size Acres: 0.35
Source of Acreage: Public Records
Building Area Total: 29365.0
Lot Size Area: 0.35
Lot Size Units: Acres
Lot Size Square Feet: 15246.0
Bathrooms Full: 20
Bathrooms Half: 0
Street Number: 505456
Property Information:Surveyed: Unknown
Property Information:Seasonal: No
Property Information:Total Half Baths: .00

Parking

Driveway:Common: Yes
Driveway:Paved: Yes

Property and Assessments

Documents Available: Deed Public Access, Other Public Access 1
Leased Land: No

Property Type: Multi-Family
Property Type Label: Multi-Family
Year Built: 1881

Utilities

Electric: Circuit Breakers
Sewer: Yes

Water Source: Public
Utilities:Utilities On: Yes
Gas:Natural - At Street: Yes

Interior and Exterior Features

Exterior Features

Construction Materials: Vinyl Siding, Other Exterior, Wood Frame
Vehicle Storage:No Vehicle Storage: Yes

Roof: Flat

Interior Features

Basement: Full, Interior Entry, Unfinished
Flooring: Other

Cooling: None
Heating: Multi-Zones, Hot Water, Baseboard
Bathrooms Total (Integer): 20
Bathrooms Total (Decimal): 20.00
Bathrooms Total (Notational): 20.00
Cooling YN: No
Heating YN: Yes

Multi Family

Income & Expenses Information

Gross Income: $360,600.00
Operating Expenses: $154,119.00

Multi-Family Information

Number of Units: 20

Unit 1

Unit 1:Lease: No
Unit 1:Level: First

Unit 1:Security Deposit: Yes
Unit 1:Monthly Rent: $1,500.00
Unit 1:# Full Baths: 1.00
Unit 1:# of Half Baths: .00
Unit 1:# of Rooms: 5.00
Unit 1:# of Bedrooms: 3.00
Unit 1:Dedicated Electric Meter: Yes
Unit 1:Dedicated Gas Meter: No
Unit 1:Dedicated Water Heater: No
Unit 1:Electric: No
Unit 1:Heat: Yes
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: Second

Unit 2:Security Deposit: Yes
Unit 2:Monthly Rent: $1,500.00
Unit 2:# Full Baths: 1.00
Unit 2:# Half Baths: .00
Unit 2:# of Rooms: 5.00
Unit 2:# of Bedrooms: 3.00
Unit 2:Dedicated Electric Meter: Yes
Unit 2:Dedicated Gas Meter: No
Unit 2:Dedicated Water Heater: No
Unit 2:Electric: No
Unit 2:Heat: Yes
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: Third

Unit 3:Security Deposit: Yes
Unit 3:Monthly Rent: $1,500.00
Unit 3:# Full Baths: 1.00
Unit 3:# Half Baths: .00
Unit 3:# of Rooms: 5.00
Unit 3:# of Bedrooms: 3.00
Unit 3:Dedicated Electric Meter: Yes
Unit 3:Dedicated Gas Meter: No
Unit 3:Dedicated Water Heater: No
Unit 3:Electric: No
Unit 3:Heat: Yes
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: Four +

Unit 4:Security Deposit: No
Unit 4:Monthly Rent: $.00
Unit 4:# Full Baths: 1.00
Unit 4:# Half Baths: .00
Unit 4:# of Rooms: 5.00
Unit 4:# of Bedrooms: 3.00
Unit 4:Dedicated Electric Meter: Yes
Unit 4:Dedicated Gas Meter: No
Unit 4:Dedicated Water Heater: No
Unit 4:Electric: No
Unit 4:Heat: Yes
Unit 4:Range: Yes
Unit 4:Refrigerator: Yes
Unit 4:Water: Yes

Unit 5

Unit 5:Lease: No
Unit 5:Level: First

Unit 5:Security Deposit: Yes
Unit 5:Monthly Rent: $1,325.00
Unit 5:# Full Baths: 1.00
Unit 5:# Half Baths: .00
Unit 5:# of Rooms: 5.00
Unit 5:# of Bedrooms: 2.00
Unit 5:Dedicated Electric Meter: Yes
Unit 5:Dedicated Gas Meter: No
Unit 5:Dedicated Water Heater: No
Unit 5:Electric: No
Unit 5:Heat: Yes
Unit 5:Range: Yes
Unit 5:Refrigerator: Yes
Unit 5:Sewer: Yes
Unit 5:Water: Yes

Unit 6

Unit 6:Lease: No
Unit 6:Level: Second

Unit 6:Security Deposit: Yes
Unit 6:Monthly Rent: $1,325.00
Unit 6:# Full Baths: 1.00
Unit 6:# Half Baths: .00
Unit 6:# of Rooms: 5.00
Unit 6:# of Bedrooms: 2.00
Unit 6:Dedicated Electric Meter: Yes
Unit 6:Dedicated Gas Meter: No
Unit 6:Dedicated Water Heater: No
Unit 6:Electric: No
Unit 6:Heat: Yes
Unit 6:Range: Yes
Unit 6:Refrigerator: Yes
Unit 6:Sewer: Yes
Unit 6:Water: Yes

Unit 7

Unit 7:Lease: No
Unit 7:Level: Third

Unit 7:Security Deposit: Yes
Unit 7:Monthly Rent: $1,250.00
Unit 7:# Full Baths: 1.00
Unit 7:# Half Baths: .00
Unit 7:# of Rooms: 5.00
Unit 7:# of Bedrooms: 2.00
Unit 7:Dedicated Electric Meter: Yes
Unit 7:Dedicated Gas Meter: No
Unit 7:Dedicated Water Heater: No
Unit 7:Electric: No
Unit 7:Heat: Yes
Unit 7:Range: Yes
Unit 7:Refrigerator: Yes
Unit 7:Sewer: Yes
Unit 7:Water: Yes

Unit 8

Unit 8:Lease: No
Unit 8:Level: Four +

Unit 8:Security Deposit: Yes
Unit 8:Monthly Rent: $1,325.00
Unit 8:# Full Baths: 1.00
Unit 8:# Half Baths: .00
Unit 8:# of Rooms: 5.00
Unit 8:# of Bedrooms: 2.00
Unit 8:Dedicated Electric Meter: Yes
Unit 8:Dedicated Gas Meter: No
Unit 8:Dedicated Water Heater: No
Unit 8:Electric: No
Unit 8:Heat: Yes
Unit 8:Range: Yes
Unit 8:Refrigerator: Yes
Unit 8:Sewer: Yes
Unit 8:Water: Yes

Unit 9

Unit 9:Lease: No
Unit 9:Level: First

Unit 9:Security Deposit: No
Unit 9:Monthly Rent: $.00
Unit 9:# Full Baths: 1.00
Unit 9:# Half Baths: .00
Unit 9:# of Rooms: 6.00
Unit 9:# of Bedrooms: 4.00
Unit 9:Dedicated Electric Meter: Yes
Unit 9:Dedicated Gas Meter: No
Unit 9:Dedicated Water Heater: No
Unit 9:Electric: No
Unit 9:Heat: Yes
Unit 9:Range: Yes
Unit 9:Refrigerator: Yes
Unit 9:Sewer: Yes
Unit 9:Water: Yes

Unit 10

Unit 10:Lease: No
Unit 10:Level: Second

Unit 10:Security Deposit: Yes
Unit 10:Monthly Rent: $1,250.00
Unit 10:# Full Baths: 1.00
Unit 10:# Half Baths: .00
Unit 10:# of Rooms: 6.00
Unit 10:# of Bedrooms: 4.00
Unit 10:Dedicated Electric Meter: Yes
Unit 10:Dedicated Gas Meter: No
Unit 10:Dedicated Water Heater: No
Unit 10:Electric: No
Unit 10:Heat: Yes
Unit 10:Range: Yes
Unit 10:Refrigerator: Yes
Unit 10:Sewer: Yes
Unit 10:Water: Yes

Unit 11

Unit 11:Lease: No
Unit 11:Level: Third

Unit 11:Security Deposit: No
Unit 11:Monthly Rent: $.00
Unit 11:# Full Baths: 1.00
Unit 11:# Half Baths: .00
Unit 11:# of Rooms: 6.00
Unit 11:# of Bedrooms: 4.00
Unit 11:Dedicated Electric Meter: Yes
Unit 11:Dedicated Gas Meter: No
Unit 11:Dedicated Water Heater: No
Unit 11:Electric: No
Unit 11:Heat: Yes
Unit 11:Range: Yes
Unit 11:Refrigerator: Yes
Unit 11:Sewer: Yes
Unit 11:Water: Yes

Unit 12

Unit 12:Lease: No
Unit 12:Level: Four +

Unit 12:Security Deposit: Yes
Unit 12:Monthly Rent: $1,250.00
Unit 12:# Full Baths: 1.00
Unit 12:# Half Baths: .00
Unit 12:# of Rooms: 6.00
Unit 12:# of Bedrooms: 4.00
Unit 12:Dedicated Electric Meter: Yes
Unit 12:Dedicated Gas Meter: No
Unit 12:Dedicated Water Heater: No
Unit 12:Electric: No
Unit 12:Heat: Yes
Unit 12:Range: Yes
Unit 12:Refrigerator: Yes
Unit 12:Sewer: Yes
Unit 12:Water: Yes

Unit 13

Unit 13:Lease: No
Unit 13:Level: First

Unit 13:Security Deposit: Yes
Unit 13:Monthly Rent: $1,150.00
Unit 13:# Full Baths: 1.00
Unit 13:# Half Baths: .00
Unit 13:# of Rooms: 5.00
Unit 13:# of Bedrooms: 3.00
Unit 13:Dedicated Electric Meter: Yes
Unit 13:Dedicated Gas Meter: No
Unit 13:Dedicated Water Heater: No
Unit 13:Electric: No
Unit 13:Heat: Yes
Unit 13:Range: Yes
Unit 13:Refrigerator: Yes
Unit 13:Sewer: Yes
Unit 13:Water: Yes

Unit 14

Unit 14:Lease: No
Unit 14:Level: Second

Unit 14:Security Deposit: Yes
Unit 14:Monthly Rent: $1,575.00
Unit 14:# Full Baths: 1.00
Unit 14:# Half Baths: .00
Unit 14:# of Rooms: 5.00
Unit 14:# of Bedrooms: 3.00
Unit 14:Dedicated Electric Meter: Yes
Unit 14:Dedicated Gas Meter: No
Unit 14:Dedicated Water Heater: No
Unit 14:Electric: No
Unit 14:Heat: Yes
Unit 14:Range: Yes
Unit 14:Refrigerator: Yes
Unit 14:Sewer: Yes
Unit 14:Water: Yes

Unit 15

Unit 15:Lease: No
Unit 15:Level: Third

Unit 15:Security Deposit: No
Unit 15:Monthly Rent: $.00
Unit 15:# Full Baths: 1.00
Unit 15:# Half Baths: .00
Unit 15:# of Rooms: 5.00
Unit 15:# of Bedrooms: 3.00
Unit 15:Dedicated Electric Meter: Yes
Unit 15:Dedicated Gas Meter: No
Unit 15:Dedicated Water Heater: No
Unit 15:Electric: No
Unit 15:Heat: Yes
Unit 15:Range: Yes
Unit 15:Refrigerator: Yes
Unit 15:Sewer: Yes
Unit 15:Water: Yes

Unit 16

Unit 16:Lease: No
Unit 16:Level: Four +

Unit 16:Security Deposit: Yes
Unit 16:Monthly Rent: $810.00
Unit 16:# Full Baths: 1.00
Unit 16:# Half Baths: .00
Unit 16:# of Rooms: 5.00
Unit 16:# of Bedrooms: 3.00
Unit 16:Dedicated Electric Meter: Yes
Unit 16:Dedicated Gas Meter: No
Unit 16:Dedicated Water Heater: No
Unit 16:Electric: No
Unit 16:Heat: Yes
Unit 16:Range: Yes
Unit 16:Refrigerator: Yes
Unit 16:Sewer: Yes
Unit 16:Water: Yes

Unit 17

Unit 17:Lease: No
Unit 17:Level: First

Unit 17:Security Deposit: Yes
Unit 17:Monthly Rent: $1,632.00
Unit 17:# Full Baths: 1.00
Unit 17:# Half Baths: .00
Unit 17:# of Rooms: 6.00
Unit 17:# of Bedrooms: 4.00
Unit 17:Dedicated Electric Meter: Yes
Unit 17:Dedicated Gas Meter: No
Unit 17:Dedicated Water Heater: No
Unit 17:Electric: No
Unit 17:Heat: Yes
Unit 17:Range: Yes
Unit 17:Refrigerator: Yes
Unit 17:Sewer: Yes
Unit 17:Water: Yes

Unit 18

Unit 18:Lease: No
Unit 18:Level: Second

Unit 18:Security Deposit: Yes
Unit 18:Monthly Rent: $1,632.00
Unit 18:# Full Baths: 1.00
Unit 18:# Half Baths: .00
Unit 18:# of Rooms: 6.00
Unit 18:# of Bedrooms: 4.00
Unit 18:Dedicated Electric Meter: Yes
Unit 18:Dedicated Gas Meter: No
Unit 18:Dedicated Water Heater: No
Unit 18:Electric: No
Unit 18:Heat: Yes
Unit 18:Range: Yes
Unit 18:Refrigerator: Yes
Unit 18:Sewer: Yes
Unit 18:Water: Yes

Unit 19

Unit 19:Lease: No
Unit 19:Level: Third

Unit 19:Security Deposit: Yes
Unit 19:Monthly Rent: $1,632.00
Unit 19:# Full Baths: 1.00
Unit 19:# Half Baths: .00
Unit 19:# of Rooms: 6.00
Unit 19:# of Bedrooms: 4.00
Unit 19:Dedicated Electric Meter: Yes
Unit 19:Dedicated Gas Meter: No
Unit 19:Dedicated Water Heater: No
Unit 19:Electric: No
Unit 19:Heat: Yes
Unit 19:Range: Yes
Unit 19:Refrigerator: Yes
Unit 19:Sewer: Yes
Unit 19:Water: Yes

Unit 20

Unit 20:Lease: No
Unit 20:Level: Four +

Unit 20:Security Deposit: No
Unit 20:Monthly Rent: $.00
Unit 20:# Full Baths: 1.00
Unit 20:# Half Baths: .00
Unit 20:# of Rooms: 6.00
Unit 20:# of Bedrooms: 4.00
Unit 20:Dedicated Electric Meter: Yes
Unit 20:Dedicated Gas Meter: No
Unit 20:Dedicated Water Heater: No
Unit 20:Electric: No
Unit 20:Heat: Yes
Unit 20:Range: Yes
Unit 20:Refrigerator: Yes
Unit 20:Sewer: Yes
Unit 20:Water: Yes

Unit Information

Units:# of 1 BD Units: 0
Units:# of 2 BD Units: 4

Units:# of 3 BD Units: 8
Units:# of 4+ BD Units: 8

Property History for 56 Knox Street

Date	Event & Source	Price	Appreciation

Date	Event & Source	Price

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

Public Records for 56 Knox Street

Taxable ValueLand$17,040Additions$78,160Total$95,200

Tax Record2023$2,856 ($238 / month)

Home Facts

Total Finished SqFt7,185 SqFtAbove Grade Finished SqFt7,185 SqFtLot Size4,792 SqFtStyleMulti-Family Res (5+ Units)Year Built1881CountyANDROSCOGGINAPNLEWI M:196 L:262

Schools near 56 Knox Street

This home is within Lewiston Public Schools.


Rating	School	Type	Grades	Distance
1/10	Montello School	Public - Serves this home	PK to 6	1.8 mi
1/10	Lewiston Middle School	Public - Serves this home	7 to 8	0.9 mi
1/10	Lewiston High School	Public - Serves this home	9 to 12	0.5 mi
1/10	Robert V. Connors Elementary School	Public - Nearby school	PK to 6	0.5 mi
NR	St Dominic Academy	Private - Nearby school	PK to 12	0.9 mi
NR	Central Maine Christian Academy	Private - Nearby school	PK to 12	0.9 mi


Rating	School	Distance
1/10	Montello School PublicPK to 6 Serves this home	1.8 mi
1/10	Lewiston Middle School Public7 to 8 Serves this home	0.9 mi
1/10	Lewiston High School Public9 to 12 Serves this home	0.5 mi
1/10	Robert V. Connors Elementary School PublicPK to 6 Nearby school	0.5 mi
NR	St Dominic Academy PrivatePK to 12 Nearby school	0.9 mi
NR	Central Maine Christian Academy PrivatePK to 12 Nearby school	0.9 mi

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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

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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.

56 Knox Street

56 Knox Street
Lewiston, ME 04240

Description

Property Details for 56 Knox Street

Location

Property Details for 56 Knox Street

Location

Building Information for 56 Knox Street

Payment Calculator

Property Information for 56 Knox Street

Property History for 56 Knox Street

Public Records for 56 Knox Street

Schools near 56 Knox Street

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56 Knox Street

56 Knox StreetLewiston, ME 04240

Homes for Sale near Downtown Lewiston

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56 Knox Street
Lewiston, ME 04240