92 Bartlett StLewiston, ME 04240

This meticulously managed 12-unit apartment building in Lewiston, Maine presents a compelling investment opportunity. Located at 92 Bartlett Street, this three-story, Class B property boasts 4,504 square feet on a 0.05-acre lot (APN: Map 195, Lot 442). Built in 1900 and zoned DR, the building offers a strong historical occupancy rate and substantial rental income, reflected in its $72,957 NOI and 11.10% cap rate. The asking price is $660,000, or $55,000 per unit, translating to a price per square foot of $146.54. Significant capital improvements have been undertaken over the years, including rewiring, new decks, carpeting, fire-rated doors, bathroom updates, and upgraded heating systems. Its prime downtown location offers exceptional walkability (score of 84), with proximity to restaurants, shops, and green spaces. This net lease investment provides a stable income stream and significant potential for future appreciation. The property is currently owned by Rancourt Associates LLC.