Portland, ME 04103,117-119 Sherwood ST
Portland, ME 04103,117-119 Sherwood ST
Portland, ME 04103,117-119 Sherwood ST
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Listed by RE/MAX Shoreline
$519,000
2 Baths
2,344 SqFt
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Key Details

Property Type Multi-Family

Listing Status Active

Square Footage 2,344 sqft

MLS Listing ID 1629013

Style Other,New Englander

Full Baths 2

HOA Y/N No

Abv Grd Liv Area 2,344

Year Built 1890

Annual Tax Amount $6,319

Tax Year 2024

Lot Size 8,276 Sqft

Acres 0.19

Source Maine Listings

Land Area 2344

Property Description

Nestled in Portland's up-and-coming East Deering neighborhood, this established two-unit multi-family home is a hidden gem brimming with potential. Whether you're an investor seeking strong rental income or a homeowner looking to offset your mortgage, this property offers the perfect canvas to bring your vision to life.
This versatile property features a 2-bedroom, 1-bath first-floor unit, and a 2-bedroom, 1-bath second-floor unit with a flexible layout that could easily support a third bedroom, increasing your rental income potential. Each unit is separately metered for electricity and equipped with its own oil-fired furnace and natural gas hot water heater, offering autonomy and efficiency for tenants or owner-occupants.
Situated on a .19-acre lot in the RN3 zone, this property presents potential for expansion—whether through adding an additional unit, increasing the existing footprint, or enhancing the outdoor living space.The spacious private backyard is an uncommon perk in this neighborhood, making it attractive to renters or ideal for owner enjoyment.
Location is a major draw—quick access to I-295, Downtown Portland, local colleges, walking trails, and community parks ensures strong appeal to both tenants and future buyers.
Lovingly maintained and owner-occupied for decades, this property is now on the market for the first time. With strong rental upside and value-add potential through cosmetic updates, this is a rare opportunity to build equity and cash flow in one of Portland's most promising neighborhoods.

Location

State ME

County Cumberland

Zoning RN3

Rooms

Basement Interior, Bulkhead, Brick/Mortar, Full, Sump Pump, Unfinished

Interior

Interior Features 1st Floor Bedroom

Heating Steam, Space Heater, Hot Water, Forced Air, Baseboard

Cooling None

Flooring Wood, Tile

Fireplace No

Laundry Washer Hookup

Exterior

Parking Features 1 - 4 Spaces, Paved, On Street

Utilities Available 1

View Y/N No

Roof Type Shingle

Street Surface Paved

Porch Porch

Garage No

Building

Lot Description Open, Level, Sidewalks, Near Golf Course, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood

Story 2

Foundation Brick/Mortar

Sewer Public Sewer

Water Public

Architectural Style Other, New Englander

Structure Type Vinyl Siding,Shingle Siding,Brick,Wood Frame

Others

Energy Description Gas Natural, Oil


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Maine MLS (MREIS) IDX
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