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Listed by Lisa Hughes Coldwell Banker Realty
$860,000
Est. payment /mo
3 Baths
3,610 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,610 sqft
Price per Sqft $238
MLS Listing ID 1661478
Full Baths 3
HOA Y/N No
Year Built 1900
Tax Year 2024
Lot Size 5,227 Sqft
Acres 0.12
Source Maine Listings
Land Area 3610
Property Description
This three-unit property near USM offers opportunity and flexibility. A detached single-family home and a duplex on one lot, create a range of possibilities for investors, owner-occupants, and multi-generational living arrangements alike.
Each of the three units offers a three-bedroom layout, providing comfortable living spaces that continue to attract strong tenant demand. The property is currently fully occupied with a proven rental history, offering immediate income for investors while presenting future opportunities for an owner-occupant seeking to offset housing costs with rental revenue.
Off-street parking adds significant value and convenience, while the highly walkable location places residents just minutes from USM, Hadlock Field, The Expo, Deering Oaks Park, downtown Portland, local restaurants, shopping, and public transportation.
Well maintained over the years, the property offers a solid foundation with potential for future value enhancement through cosmetic exterior improvements. Whether you're looking to grow your investment portfolio, establish a foothold in Portland's competitive housing market, or enjoy the benefits of owner-occupied multi-family living, 438-440 St. John Street presents a rare opportunity in a sought-after location.
Each of the three units offers a three-bedroom layout, providing comfortable living spaces that continue to attract strong tenant demand. The property is currently fully occupied with a proven rental history, offering immediate income for investors while presenting future opportunities for an owner-occupant seeking to offset housing costs with rental revenue.
Off-street parking adds significant value and convenience, while the highly walkable location places residents just minutes from USM, Hadlock Field, The Expo, Deering Oaks Park, downtown Portland, local restaurants, shopping, and public transportation.
Well maintained over the years, the property offers a solid foundation with potential for future value enhancement through cosmetic exterior improvements. Whether you're looking to grow your investment portfolio, establish a foothold in Portland's competitive housing market, or enjoy the benefits of owner-occupied multi-family living, 438-440 St. John Street presents a rare opportunity in a sought-after location.
Location
State ME
County Cumberland
Zoning R5
Rooms
Basement Interior Entry, Unfinished
Interior
Heating Oil, Hot Water
Cooling None
Flooring Laminate, Tile, Hardwood
Exterior
Parking Features Common, Paved, 5 - 10 Spaces
Roof Type Shingle
Garage No
Building
Lot Description Intown, Level, Sidewalks
Water Public
Architectural Style Other
Others
Tax ID PTLD-000066-F000014-000001
Virtual Tour https://www.propertypanorama.com/instaview/mreis/1661478
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