19 Wood St - Apartments FOR SALE


Lewiston, ME 04240
$7,350,000 USD
207-409-8339
19 Wood St, Lewiston, ME for Sale
$7,350,000 USD
Apartments - FOR SALE
1/25
null | 7.13% Cap Rate

19 Wood St
Lewiston, ME 04240


HIGHLIGHTS

  • Trophy property
  • Close proximity to Bate's College
  • Immaculate condition

OVERVIEW

Rare opportunity to acquire the iconic Jordan School, widely regarded as one of Lewiston’s premier multifamily properties, ideally located just minutes from Bates College. This impressive brick landmark features 45 thoughtfully designed residential units, including 4 studio apartments, 26 one-bedroom units, and 15 two-bedroom units, along with ample on-site parking. The property has benefited from extensive capital improvements under current ownership, including a new elevator system featuring updated controls, cab, and hydraulics, as well as replacement of both the upper and lower roofs within the past several years. Additionally, 38 units have been substantially renovated with updated flooring, kitchens, bathrooms, appliances, and other modern finishes. Meticulously maintained and presented in exceptional condition, this trophy asset offers investors the opportunity to own a truly distinguished multifamily property with strong rental appeal and long-term value. Don't miss this chance to add one of Lewiston's finest apartment communities to your portfolio.

FOR SALE DETAILS

PRICE

$7,350,000 USD

PRICE/SF

$128 USD /SF

# OF UNITS

45

PRICE/UNIT

$163,333

CAP RATE

7.13%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Jordan School Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1902

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.32 AC

LAND SF

57,499 SF

ZONING

NCB

APN/PARCEL ID

LEWI-000194-000000-000251

ASK ABOUT THIS PROPERTY

Thomas GadboisF. O. Bailey Real EstateMore Info
207-409-8339

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Thomas GadboisF. O. Bailey Real EstateMore Info
207-409-8339

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.