UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 9,980 sqft
Price per Sqft $219
MLS Listing ID 1666409
Full Baths 10
HOA Y/N No
Year Built 1910
Tax Year 2025
Lot Size 10,454 Sqft
Acres 0.24
Source Maine Listings
Land Area 9980
Property Description
Current ownership has made numerous thoughtful capital improvements, including replacement of the original cast iron plumbing with PVC, recent boiler servicing, repairs to the rubber roof, new carpeting in one apartment and in the right-side common hallway, two new ceilings, updated blinds and interior paint, a new bathroom window, and updated appliances including a new stove, refrigerator, and sink in one unit. The property also benefits from two new washers and two new dryers, while six of the apartments now feature modern keyless entry systems.
Parking is a significant value add, offering nine total spaces, including four garage bays plus additional off-street parking. Ownership has also identified an opportunity for the next investor to increase revenue through strategic parking rental income, creating additional upside beyond the existing rental stream.
Well maintained with a strong history of ownership and meaningful recent updates. A rare opportunity to acquire a turnkey multifamily asset with both immediate stability and future income potential in Portland's thriving rental market
Location
State ME
County Cumberland
Zoning R6
Direction GPS Friendly
Rooms
Basement Interior Entry, Walk-Out Access, Daylight, Finished, Full, Unfinished, Brick/Mortar
Interior
Interior Features Bathtub, Storage
Heating Gas Natural, Baseboard, Hot Water, Zoned, Radiator
Cooling None
Flooring Carpet, Laminate, Vinyl, Wood
Laundry Laundry - Coin
Exterior
Parking Features Common, Reclaimed, 5 - 10 Spaces, On Site, Off Street, Detached
Garage Spaces 4.0
Utilities Available Utilities On
Waterfront Description Nearby
Roof Type Flat,Membrane
Garage Yes
Building
Lot Description Business District, Intown, Near Shopping, Near Turnpike/Interstate, Neighborhood, Near Railroad, Corner Lot, Level, Sidewalks, Landscaped, Near Public Transit
Story 3
Entry Level Multi-Level
Foundation Granite, Brick/Mortar
Water Public
Architectural Style Other
Schools
School District Portland Public Schools
Others
Tax ID PTLD-000067-H000012-000001
Nearby School & Business