520 Main Street, Lewiston, ME 04240 (MLS # 1681927)

INVESTORS! A unique and versatile property with tremendous income potential. Formerly the well-known Farnham House Bed & Breakfast, which operated successfully from 1982 to 2004, the property has most recently been used as office space. Offering 14 rooms, 6 BATHROOMS, 3 KITCHENS and 4 fireplaces, the building is currently configured with multiple living areas, including apartment-style spaces on the second and third floors. The third floor is set up as an apartment, while the second floor offers flexibility for one larger apartment or potential additional units. The first floor is currently open to the second, so modifications would be needed to create fully separated units. Utilities and building systems are not separately divided. Located near Bates College and area hospitals, this property offers exceptional flexibility and may also be well suited for a multi-generational household seeking separate living spaces under one roof. Investors may consider housing for traveling professionals, furnished rentals, boarding-house use, multi-unit conversion, business use with rental income, or other possibilities, subject to municipal approvals, zoning and permitting. Built in 1922, the Farnham House is rich with character and craftsmanship, including original cabinetry, terrazzo floors, hardwood flooring, detailed woodwork, built-ins and original architectural features. Hardwood floors are believed to remain beneath much of the carpeting. Additional features include a beautiful sunporch, rear porch, expansive second-floor deck, large level tree-lined lawn and a garage beneath the home with tandem parking for two smaller vehicles. Numerous updates have been completed over the years, including windows, vinyl siding, roofing, sheetrock, electrical improvements, plumbing, insulation, a new boiler, deck improvements and fiber-optic cable to every room. The property has changed hands only a

Last Updated	9/24/2026	Year Built	1922
Garage Spaces	2.0	County	Androscoggin

Additional Details

AIR	None
APPLIANCES	Water Heater
BASEMENT	Full, Interior Entry, Unfinished, Walk-Out Access, Yes
CONSTRUCTION	Frame, Vinyl Siding
FIREPLACE	Yes
GARAGE	Yes
HEAT	Oil, Radiant
INTERIOR	In-Law Floorplan
LOT	0.41 acre(s)
LOT DESCRIPTION	Level, Near Public Transit, Open Lot
LOT DIMENSIONS	0.41
MLS STATUS	Active
PARKING	Paved, Off Street, Tandem, Basement
SEWER	Public Sewer
STORIES	3
STYLE	Colonial
TAXES	6147
UTILITIES	Natural Gas Available, Propane
WATER	Public

Location

 

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