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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K Investment Properties for Sale in Lewiston, ME
Listed for sale 1 day ago
$ 279,000
ROI
21.6
Cash Flow/m
146- 2 Bed
- 2 Bath
- 1186 sft
9 Spofford Street, Lewiston, ME, 04240
Listed for sale 6 days ago
$ 275,000
ROI
22.2Cash Flow/m
184- 4 Bed
- 1 Bath
- 1225 sft
354 East Avenue, Lewiston, ME, 04240
$ 300,000
ROI
33.0Cash Flow/m
1107- 3 Bed
- 2 Bath
- 1284 sft
2 Carew Avenue, Lewiston, ME, 04240
$ 289,000
ROI
21.0Cash Flow/m
96- 4 Bed
- 2 Bath
- 1296 sft
20 Mellon 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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