Condo Investment Properties for Sale in Lewiston, ME
631- 3 Bed
- 2 Bath
- 1682 sft
132- 3 Bed
- 2 Bath
- 1682 sft
500- 3 Bed
- 3 Bath
- 2152 sft
28- 3 Bed
- 1 Bath
- 1300 sft
Why Invest in Lewiston, Maine?
Lewiston, ME offers strong potential for condo investors seeking steady cash flow in a competitive market. With rising home values and moderate appreciation, condos here deliver reliable rental yields around 6-7%. The area's affordability compared to Portland draws migrants, supporting consistent occupancy. Cap rates hover at 7-8%, bolstered by low vacancy and growing renter demand. Employment stability from manufacturing and healthcare enhances long-term ROI.
Frequently Asked Questions
Yes, condos offer solid rental yields of 6-7% and cap rates around 7.5% due to steady demand from renters and migrants. Low vacancy and appreciation support long-term gains. Focus on properties near Bates College or downtown for best cash flow.
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