Bought with Fontaine Family-The Real Estate Leader
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Key Details
Sold Price $570,000
Property Type Multi-Family
Listing Status Sold
Square Footage 1,795 sqft
MLS Listing ID 1635643
Style New Englander
Full Baths 3
Year Built 1900
Annual Tax Amount $5,867
Tax Year 2024
Lot Size 1,742 Sqft
Property Description
Perfect owner-occupant or investor opportunity in Portland's Libbytown neighborhood, a rapidly evolving area between the Northern Lights and expanding MaineHealth campuses, and just steps to the West End. This turnkey 2-unit offers a currently occupied first floor featuring 2 bedrooms and 1 bath, plus a vacant upper level unit that spans the second and third floors with 3 bedrooms, an office, and 2 baths. Live in one unit and rent the other while building equity! Recent updates include a new roof, fresh exterior paint, and heat pump water heaters in 2020, plus a recent refresh of the larger unit, setting the new owner up for fewer capital expenditures ahead. Each unit includes amenities tenants love, like washer/dryer hookups and designated off-street parking. Utilities are separate and tenant paid. One unit is currently vacant—making this property both move-in ready and instantly income-producing. With great proximity to the West End, Thompson's Point, Hadlock Field, Fitzpatrick Stadium, Deering Oaks, and easy access to I-295 and the Portland Transportation Center, this location attracts long-term tenants. A well-maintained building in a high-demand, redeveloping neighborhood—don't miss this one!
Location
State ME
County Cumberland
Zoning B-2b
Interior
Heating Forced Air, Direct Vent Heater, Baseboard
Cooling None
Flooring Wood, Vinyl
Laundry Washer Hookup
Exterior
Parking Features Assigned, 1 - 4 Spaces, Paved, Off Street
View Y/N No
Roof Type Shingle
Building
Lot Description Level, Sidewalks, Intown, Near Shopping, Near Turnpike/Interstate, Near Public Transit, Near Railroad
Story 3
Foundation Stone, Brick/Mortar
Sewer Public Sewer
Water Public
Structure Type Shingle Siding,Wood Frame
Schools
School District Portland Public Schools
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