Discover the potential of this well-located 2-unit building, ideally situated in the center of Lisbon. The property features one 3-bedroom unit and one 4-bedroom unit, offering flexibility for both investors and owner-occupants.
The 3-bedroom unit has been recently updated, showcasing the possibilities for future upgrades throughout the building. The spacious 4-bedroom unit is primed for improvements, creating an excellent opportunity for rental growth. Both units are currently rented on a month-to-month basis, with the 3-bedroom unit generating $2,250 per month.
Whether you're looking to owner-occupy and offset your mortgage or seeking a value-add investment, this property delivers. With some basic improvements and market-rate rents, investors could realize an impressive projected 13% capitalization rate.
Additional highlights include:
200 feet of scenic river frontage
A generous lot offering outdoor space
A rare two-car garage—an uncommon find in the multifamily market
This is a unique chance to own a versatile and income-generating property in one of Lisbon's most convenient locations. Don't miss out—schedule your showing today and explore all that this property has to offer.
Closed
$365,000
274 Lisbon Street, Lisbon, ME 04250
7beds
2,424sqft
Multi Family
Built in 1900
-- sqft lot
$367,800 Zestimate®
$151/sqft
$1,876 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: June 26, 2025 at 06:10am
Listed by:
Keller Williams Realty
Bought with:
Maine Real Estate Co
Source: Maine Listings,MLS#: 1621474

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air
Cooling
- None
Features
- Flooring: Vinyl, Laminate, Carpet
- Basement: Interior,Walk-Out Access,Unfinished
Interior area
- Total structure area: 2,424
- Total interior livable area: 2,424 sqft
- Finished area above ground: 2,424
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: 1 - 4 Spaces, Gravel
- Attached garage spaces: 2
Features
- Has view: Yes
- View description: Trees/Woods
- Body of water: no name river
- Frontage length: Waterfrontage: 200,Waterfrontage Owned: 200
Lot
- Size: 1.15 Acres
- Features: Rolling/Sloping, Wooded, Near Turnpike/Interstate, Near Town
Details
- Parcel number: LISNMU16L075
- Zoning: Gen Res
Construction
Type & style
- Home type: MultiFamily
- Architectural style: New Englander
- Property subtype: Multi Family
Materials
- Aluminum Siding, Wood Frame
- Foundation: Granite, Concrete Perimeter
- Roof: Shingle
Condition
- Year built: 1900
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Utilities On
Community & neighborhood
Location
- Region: Lisbon
Services availability

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