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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
Located in the Oakdale section of Portland, Maine, this three-unit property offers a single family home and a duplex on the same lot. 438-440 St John St presents a strong investment opportunity with immediate income. Each unit offers a three-bedroom layout, appealing to a wide range of tenants and supporting consistent demand.
The building boasts a solid rental history and is currently fully occupied, providing reliable cash flow from day one. Tenants enjoy comfortable, practical living spaces, and valuable off-street parking - a highly desirable amenity in Portland.
Residents benefit from easy access to USM, Hadlock Field, The Expo, Deering Oaks Park, local shops, dining, and transportation options. The property has been well cared for over the years, with an opportunity for the next owner to add value through exterior paint and minor repairs.
Whether you're expanding your portfolio or seeking a turnkey multi-family investment with upside potential, this property delivers stability, location, and long-term value. Showings by appointment only, please reach out for additional information.
The building boasts a solid rental history and is currently fully occupied, providing reliable cash flow from day one. Tenants enjoy comfortable, practical living spaces, and valuable off-street parking - a highly desirable amenity in Portland.
Residents benefit from easy access to USM, Hadlock Field, The Expo, Deering Oaks Park, local shops, dining, and transportation options. The property has been well cared for over the years, with an opportunity for the next owner to add value through exterior paint and minor repairs.
Whether you're expanding your portfolio or seeking a turnkey multi-family investment with upside potential, this property delivers stability, location, and long-term value. Showings by appointment only, please reach out for additional information.
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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