Under $300K Investment Properties for Sale in Lewiston, ME

Listed for sale 1 day ago
$ 229,000
ROI
23.2
Cash Flow/m
217- 1 Bed
- 1 Bath
- 712 sft
82 Leavitt Avenue, Lewiston, ME, 04240

Listed for sale 1 day ago
$ 249,000
ROI
22.1
Cash Flow/m
164- 3 Bed
- 1 Bath
- 1120 sft
8 Highland Avenue, Lewiston, ME, 04240

Currently Rented
Rental Income
Listed for sale 1 day ago
$ 279,000
ROI
26.5
Cash Flow/m
522- 4 Bed
- 2 Bath
- 1852 sft
246 Lincoln Street, Lewiston, ME, 04240

Listed for sale 3 days ago
$ 259,900
ROI
27.0
Cash Flow/m
522- 3 Bed
- 2 Bath
- 1128 sft
13 Johnson Street, Lewiston, ME, 04240
Why Invest in Lewiston, Maine?
Lewiston, ME offers strong investment potential in homes under $300k, with affordable entry points for cash-flowing rentals. Average rents support solid yields around 7-8%, while cap rates hover at 6-7% in this stable market. Renter occupancy exceeds 45%, driven by local manufacturing jobs and proximity to Bates College. Annual appreciation of 3-4% adds long-term value, making under-$300k properties attractive for passive income.
8.5%
Avg. ROI
7.8%
Rental Yield
6.5%
Cap Rate
$450/mo
Avg. Cash Flow
$1250/mo
Avg. Rent
3.5%
1Y Appreciation
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