171-175 Walnut St, Lewiston, ME 04240

Property Description

TWO PARCELS. THREE HOMES. PLENTY OF POSSIBILITIES. Well maintained. Brand-new roof. Parking for up to 8 vehicles. One very versatile property. A rare double-parcel offering in Lewiston, 171 & 175 Walnut Street combines a well-maintained three-unit property with the adjoining vacant parcel at 175 Walnut Street--offering space, flexibility and possibilities that are increasingly difficult to find. Whether you are looking for a home of your own with rental income to help offset expenses, space for extended family, or a solid investment for the future, this property offers plenty of options. The spacious 3-bedroom unit is currently vacant and ready to occupy, while the two 1-bedroom apartments provide established rental income, with rent increases currently in process. The property has been well maintained, with a brand-new roof adding peace of mind for the next owner. Outside, there is an exceptional amount of off-street parking with space for up to 8 vehicles, plus a detached 2-car garage providing additional parking, storage or workshop space. This could also be additional rental income. And then there is 175 Walnut Street--the adjoining vacant parcel included in the sale. Having two separate parcels creates a huge garden with great additional outdoor space and flexibility today, together with intriguing possibilities for the future, subject to municipal approvals. Balcony decks and rear porches offer plenty of outdoor fresh air plus place to relax For an owner-occupant, this could be a particularly appealing way to own a home: move straight into the vacant 3-bedroom unit and enjoy the benefit of income already coming in from the other two apartments. For an investor, the property offers established income with further potential over time. 171 & 175 Walnut Street are being sold together. Any future use or development of the vacant parcel is subject to applicable municipal approvals and deed restrictions. **Contains some AI enhanced imagery