Description
Owner-occupied or exceptional investment opportunity in Portland! This well-maintained four-unit property features an attractive unit mix of two 1-bedroom, 1-bath apartments and two spacious 3-bedroom, 1-bath apartments. Each bright, sun-filled unit offers private deck or balcony access, providing desirable outdoor space for tenants. As an owner-occupied, you would have the potential of being exempt from Portland's rent control restrictions. Recent capital improvements include a new roof in 2025 and a new natural gas boiler in 2024, offering peace of mind for years to come. Additional amenities include coin-operated laundry, natural gas heat, and a large in-town lot with ample off-street parking. Conveniently located near the Western Promenade, downtown Portland, local restaurants, parks, shopping, and public transportation, this property offers strong rental appeal and easy access to many of the area's amenities. With a solid rental history, valuable recent updates, and a versatile unit mix, this is an excellent opportunity for investors looking to expand their portfolio in Portland's thriving rental market.
Details
| MLS # | 1668670 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1900 |
| Days On Site | 91 |
| Listing Provided By | Keller Williams Realty | Nicholas Dambrie |
Features
| Bath(s) | 4 Total |
|---|---|
| SQ Feet | 2,911 |
| Basement | Y |
| Story(s) | 4 |
| Units | 4 |
| Zoning | R6 |
| Acreage | 0.11 |
Interior
| Interior Features | Bathtub, Shower, Storage |
|---|---|
| Heating Yes / No | Yes |
| Cooling Yes / No | No |
| Cooling | None |
| Laundry Features | Washer Hookup |
| Amenities Co Amenities | Bathtub, Laundry - Hookup, Shower, Storage |
Exterior
| Roof | Shingle |
|---|---|
| Foundation Details | Stone, Brick/Mortar |
| Lot Features | Intown, Near Shopping, Near Turnpike/Interstate, Neighborhood, Rolling Slope, Sidewalks, Near Public Transit |
| Waterfront Features | Nearby |
| Construction Materials | Wood Frame, Wood Siding |
| Patio And Porch Features | Deck |
Parking
| Attached Garage Yes / No | No |
|---|---|
| Garage Yes / No | No |
| Parking Features | Common, Paved, 5 - 10 Spaces, On Site, Off Street |
Utilities
| Utilities | Utilities On |
|---|---|
| Sewer | Public Sewer |
| Electric | Circuit Breakers |
Taxes
| Tax Annual Amount | 9902 |
|---|---|
| Tax Book Number | 34868 |
| Tax Year | 2024 |
| Tax Block | 19 |
| Tax Lot | D |
| Tax Map Number | 64 |
Area Information
| State | ME |
|---|---|
| County | Cumberland |
| City | Portland |
| Zip Code | 04102 |
| Area | Cumberland |
| Listing VS Median (in 04102) | |
Price: $985,000 low | high Med: $650,000 sqft: 2,911 low | high Med: 1,749 $ / sqft: $338 low | high Med: $372 On site: 91 low | high Med: 55 | |
Market Activity 04102
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Learn More About This Property
| State | ME |
|---|---|
| County | Cumberland |
| City | Portland |
| Zip Code | 04102 |
| Area | Cumberland |
| Listing VS Median (in 04102) | |
Price: $985,000 low | high Med: $650,000 sqft: 2,911 low | high Med: 1,749 $ / sqft: $338 low | high Med: $372 On site: 91 low | high Med: 55 | |
