Portland ME Multi Family for Sale
$599,900
611 Avenue Portland, ME 04101
- Type:
- Multi-Family
- Sq.Ft.:
- 2,994
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.06 Acres
- Year built:
- 1904
- Baths:
- 3.00
- MLS#:
- 1611344
- Subdivision:
- WOODFORDS
View additional info
Courtesy: Bay Realty
207-775-3838
ADDITIONAL INFORMATION
WOODFORDS CORNER - CLOSE TO BACK COVE! GREAT OPPORTUNITY TO OWN A REASONABLY PRICED 3 UNIT. THE TYPICAL 2 BR, 1 BA FLOOR PLANS, NEED CREATIVE UPDATES. THE CLASSIC FEATURES, SEPARATE UTILITIES, SIDE YARD, PARKING, STORAGE, ETC. ARE ALL BONUSES. THE PRICE REFECTS THE WORK NEEDED.
$1,495,500
21 Street Portland, ME 04101
- Type:
- Multi-Family
- Sq.Ft.:
- 5,376
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.1 Acres
- Year built:
- 1920
- Baths:
- 6.00
- MLS#:
- 1611305
View additional info
Courtesy: Ashby Real Estate
207-239-9199
ADDITIONAL INFORMATION
OWNER FINANCING AVAILABLE. Developers and Investors take notice. Large 6 unit located on the ultra desirable East End (Eastern Promenade) of Portland. This is a rehab project perfect for basic or high end rentals, or you could condo the units and sell them off individually. on site parking for up to 5 cars. Don't miss this exciting opportunity.
$2,895,000
1190 Avenue Portland, ME 04103
- Type:
- Multi-Family
- Sq.Ft.:
- 15,126
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.47 Acres
- Year built:
- 1900
- Baths:
- MLS#:
- 1611104
View additional info
Courtesy: Town & Shore Real Estate
207-773-0262
ADDITIONAL INFORMATION
100% occupied brick 15,126 square foot mixed-use property. This historic building has undergone major renovation with new storefronts, windows, heating, plumbing, electrical, etc. The first floor is comprised of six retail storefronts currently configured for 5 tenants. Facing busy Forest Avenue and Bishop Street, property offers visibility on one of the busiest intersections in the state of Maine. The second floor is new residential, comprised of 25 rooming units and common areas. The rear of the building offers parking and a loading dock. In addition, a separate .1825-acre, 20+ space parking lot is being conveyed with possible development opportunity. Current professional management is also available to the new owner if desired. Excellent financials, ideal for 1031 exchange investment. Close to many area restaurants, stores, businesses, and the University of New England. Also Listed Commercial MLS #1611107
$850,000
1263 Street Portland, ME 04102
- Type:
- Multi-Family
- Sq.Ft.:
- 3,372
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.2 Acres
- Year built:
- 1910
- Baths:
- 3.00
- MLS#:
- 1610655
View additional info
Courtesy: Getty Real Estate Services, LLC
207-329-3335
ADDITIONAL INFORMATION
If your looking for an excellent investment,this may be the one. These bright, sunny 2 & 3 bedroom apartments are all in good condition with hardwood floors and beautiful bay windows. Theirs also porches and storage rooms on each floor for the tenants to use. This property has it's own private, paved parking lot with room for 8 or more cars and a 2 car garage. The newly renovated second floor apartment is vacant and ready for the new buyer to move into or lease.
$1,050,000
40 Street Portland, ME 04103
- Type:
- Multi-Family
- Sq.Ft.:
- 4,670
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.28 Acres
- Year built:
- 1900
- Baths:
- 5.00
- MLS#:
- 1610574
View additional info
Courtesy: Coldwell Banker Realty
207-773-1990
ADDITIONAL INFORMATION
Located on a large corner lot in the sought-after Deering Center area of Portland, this well-maintained 4-family property offers a unique opportunity for investors or homeowners seeking rental income potential. Within walking distance of Longfellow Elementary, Lincoln Middle School, and Deering High School, this property is perfectly positioned for convenience and community access. Property Highlights: • Large Corner Lot with ample outdoor space, offering privacy or additional landscaping. • Separate Utilities: Each unit has its own electric meter, oil supply, heating system, and hot water heater, providing tenants with individual control over their utilities. • Washer & Dryer Hookups for all units in the basement, making laundry a breeze for all residents. Unit Details: • Carriage House Unit: This charming, private unit features its own separate entrance and includes 3 bedrooms, 1.5 baths, and a cozy wood-burning fireplace, perfect for comfortable living. • First Floor Unit: Versatile and adaptable, this unit can function as either a 2-bedroom or 3-bedroom, providing options to suit your needs. • Second & Third Floor Units: Each unit offers 2 bedrooms, 1 bath, with spacious layouts and abundant natural light. This property offers the best of both worlds with the potential for multi-family living or rental income, all within a vibrant Portland neighborhood. With its proximity to schools, parks, and local amenities, it's a fantastic investment in a prime location. Don't miss this opportunity to own a piece of Deering Center's growing community! Note: One unit is owner occupied with 2 additional units occupied by owner's family hence the rent numbers.
$950,000
247 Street Portland, ME 04102
- Type:
- Multi-Family
- Sq.Ft.:
- 3,705
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.06 Acres
- Year built:
- 1900
- Baths:
- 4.00
- MLS#:
- 1609832
View additional info
Courtesy: Down To Earth Real Estate
484-432-0067
ADDITIONAL INFORMATION
Investors take notice! This 4 unit multi-family property is income producing ($100k+ in annual rental income) and ready to be your next asset. With a strong rental history and a desirable location, this property is an ideal investment. Located near everything that Portlands Old Port has to offer with close proximity to Maine Medical Center and I-295 / I-95 for an easy commute. The spacious 3700 sqft of living space consists of two 3 bedroom units, a 2 bedroom unit, and a studio. New hot water tank and most electrical and plumbing updated in 2022. Don't miss your opportunity to purchase a cash flowing asset in Maine's historical waterfront city of Portland! The property is currently fully occupied. The interior photos have been edited for brightness and to remove tenants belongings. Please inquire to receive unedited interior photos. Thank you for your interest!
$3,450,000
4 Street Portland, ME 04101
- Type:
- Multi-Family
- Sq.Ft.:
- 4,842
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.06 Acres
- Year built:
- 1856
- Baths:
- 4.00
- MLS#:
- 1609702
View additional info
Courtesy: Benchmark Real Estate
207-775-0248
ADDITIONAL INFORMATION
Like the city on which it stands, this remarkable property rises to greet the open ocean, the rising sun, and the vibrant energy of Portland's waterfront. Welcome to 4 St. Lawrence Street, a rare opportunity to own a two unit in the heart of Munjoy Hill. Combining the luxury of coastal living with the vibrancy of Portland's East End, this property offers breathtaking ocean views, stunning sunrises, and the dynamic energy of the nearby marina and cityscape. With fine dining, boutique shopping, art galleries, and fresh markets just steps away, the location is unparalleled. The nearby Portland Foreside community adds to the charm with renowned restaurants, Fore Points Marina, and major corporate headquarters. This meticulously reimagined property provides two distinct living spaces, perfect for multigenerational living, guest accommodations, or rental income. Unit #1 offers 2,151 square feet of living with 2 bedrooms, 2 full baths, and abundant natural light. This space includes two outdoor areas, a natural gas fireplace, mini-splits for heat and air conditioning, and a deeded off-street parking space. Thoughtful updates and low-maintenance systems make it as comfortable as it is beautiful. Unit #2 spans nearly 2,700 square feet of modern elegance and functionality. It features 3+ bedrooms, 2 full baths, and two expansive decks with panoramic ocean views. The main level includes a guest suite, an office nook, and an open-concept living and dining area connected to a chef-inspired kitchen with a fully equipped pantry. Upstairs, you'll find an additional office or spare bedroom and a luxurious primary suite with a spa-like bath, a private deck, and a spacious changing room. A private one-car garage and an elevator servicing all levels add convenience. Walkable, bikeable, and vibrant, 4 St. Lawrence Street offers an exceptional lifestyle in one of America's best small cities.
$549,900
1 Place Portland, ME 04102
- Type:
- Multi-Family
- Sq.Ft.:
- 1,460
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.02 Acres
- Year built:
- 1900
- Baths:
- 2.00
- MLS#:
- 1609286
View additional info
Courtesy: Real Broker
207-272-3984
ADDITIONAL INFORMATION
Welcome to an easily managed duplex in Downtown Portland. This property features two 2-bedroom townhouse-style units with one bathroom each with apt 1 featuring finished basement. Both units have recently undergone extensive renovations such as, new roof (2024), gas heaters, flooring, kitchens, bathrooms, repaint and electrical upgrades and much more. The property is an excellent choice for owner-occupants looking to significantly offset their mortgage expenses with rental income from the other unit living in thriving downtown. Beyond the financial advantages, this duplex is in prime location on the Peninsula places you in a dynamic neighborhood within walking distance of the renowned Art District, historic Old Port, esteemed Maine Medical Center, and USM. Embrace the thriving local culture and enjoy the abundant amenities this diverse location have to offer.
$975,000
19 Street Portland, ME 04101
- Type:
- Multi-Family
- Sq.Ft.:
- 3,632
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.11 Acres
- Year built:
- 1850
- Baths:
- 3.00
- MLS#:
- 1609152
View additional info
Courtesy: Cottage & Co Real Estate
207-653-1188
ADDITIONAL INFORMATION
This charming 3 unit property has been a well loved property for many years by both the owner and its long term tenants. Located at the top of Munjoy Hill, you can stroll alongside the ocean on the Eastern Promenade, to several fabulous restaurants and to Portland's famous Old Port area! View the magical sight of the cruise ships traveling through the bay, of local boats and touring vessels as well as the expansive view of the many islands beyond! Great opportunity to owner occupy, to invest as a current 3 unit, to revert to a two unit....or to convert into a single family! With a full driveway on each side of the building, you will never have to park on the street! Solid house with beautiful architectural features makes this property a must see!
$725,000
94 Street Portland, ME 04103
- Type:
- Multi-Family
- Sq.Ft.:
- 2,134
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.12 Acres
- Year built:
- 1884
- Baths:
- 2.00
- MLS#:
- 1609133
View additional info
Courtesy: Maine Real Estate Co
800-971-8860
ADDITIONAL INFORMATION
Step inside to this beautiful, well maintained two-unit property on a quiet street in the desirable Back Cove neighborhood. Each unit features 2 bedrooms/1 bathroom, updated kitchens with granite countertops, updated bathrooms, and private laundry for added convenience for residents. One unit is vacant and ready for immediate occupancy, making it an ideal opportunity for an owner-occupant or investor. Recently updated heating systems in both units and the basement ensure year-round comfort and efficiency. Additional energy efficiency perks include new water heaters and insulation throughout the entire property. Enjoy the peaceful fenced in backyard complete with a deck, flat lawn area, and a cozy fire pit. The property also includes a private driveway plus additional on-street parking if needed. Just a short distance to neighborhood restaurants and shops, Baxter Boulevard, Payson Park, as well as easy access to Portland Trails right at the end of the road. Less than 10 minutes to Downtown Portland, making commuting a breeze! Don't miss this exceptional opportunity to own a beautifully updated property that combines modern amenities, classic charm, and a prime location.
- Type:
- Multi-Family
- Sq.Ft.:
- 2,344
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.19 Acres
- Year built:
- 1890
- Baths:
- 2.00
- MLS#:
- 1609028
View additional info
Courtesy: RE/MAX By The Bay
207-773-2345
ADDITIONAL INFORMATION
Welcome to 117 & 119 Sherwood Street, a charming multi-family home located in Portland's East Deering Neighborhood. Each unit offers 2 bedrooms, one full bath and a spacious kitchen. This property offers the benefits of neighborhood living with a large private backyard, while being conveniently located near access to 295, USM and UNE campuses, and the Old Port. Schedule a viewing today - opportunities await!
$1,295,000
106 Street Portland, ME 04103
- Type:
- Multi-Family
- Sq.Ft.:
- 3,684
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.13 Acres
- Year built:
- 1920
- Baths:
- 3.00
- MLS#:
- 1608904
View additional info
Courtesy: Ashby Real Estate
207-239-9199
ADDITIONAL INFORMATION
Renovated 2 family property. Both units are currently vacant (rent amounts are estimated). Refinished Hardwood Floors through out each unit. High ceilings and historic details with built ins. Updated Kitchens with new cabinets, granite countertops and stainless steel appliances, Each unit has a fireplace, 3 bedrooms, and an office/den which could be used as a 4th bedroom. Large 1st Floor has 2 bathrooms, 2nd Floor has 1 bathroom, but has plenty of space for additional bathrooms, large 3rd floor attic with an existing stairway could be finished for additional living space. Great for an owner occupied property, or rent out each unit individually, or could also be a great for a group home.
$1,290,000
89 Street Portland, ME 04101
- Type:
- Multi-Family
- Sq.Ft.:
- 3,080
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.04 Acres
- Year built:
- 1890
- Baths:
- 5.00
- MLS#:
- 1608472
View additional info
Courtesy: Townsend RE Powered by Laer
844-687-5237
ADDITIONAL INFORMATION
Seize this rare opportunity to own a beautifully restored historic building in the heart of downtown, located on Portland's most sought-after street. The larger of the two units offers a bright living/room dining area with large windows, two spacious bedrooms, multiple bathrooms, a Japanese soaking tub, and a billiard/family room. Enjoy stunning city views from your private roof deck! The lower level unit offers comfortable living room and dining areas separated by pocket doors with direct access to one of two off-street parking spaces. Prime location: Steps away from the Arts District and a five-minute walk to Old Port, Downtown, the Waterfront and near hospital. This building was previously set up as two condos and offers many possibilities.
$799,000
42 Street Portland, ME 04101
- Type:
- Multi-Family
- Sq.Ft.:
- 2,098
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.08 Acres
- Year built:
- 1840
- Baths:
- 2.00
- MLS#:
- 1607513
- Subdivision:
- Munjoy Hill
View additional info
Courtesy: Benchmark Real Estate
207-775-0248
ADDITIONAL INFORMATION
Quality 2-family. Ideal Location. The Perfect Single-family or Condo Alternative. Centrally located on Portland's peninsula, this comprehensively updated multi-family offers immediate access to everything Portland has to offer. Walk-Score calls this location a 'walker's paradise' and is ideal for anyone who wants to walk, bike, or jump on public transportation. For the last 17 years, the current owner has updated and upgraded everything from the roof to the foundation. There are literally too many updates to list, but a few highlights are windows, exterior and interior doors, trim and siding repairs, roof upgrades, fresh paint inside and out, and an updated side deck just this summer. Both units are condo quality with lots of light, retained period details, warm and welcoming wood floors, and spacious living/kitchen/dining areas. The 3rd level was originally finished and likely tied into the upper unit. This space is a blank slate and, if finished, would afford the top floor breathtaking Back Cove, western mountain, and sunset views. The yard is also a hit with raised garden beds and plenty of room for grilling, chilling, playing, and pets. Note - the first level vacates mid-November, and the second floor is month-to-month, making move-in flexible.
$1,100,000
3 Street Portland, ME 04101
- Type:
- Multi-Family
- Sq.Ft.:
- 2,292
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.05 Acres
- Year built:
- 1890
- Baths:
- 3.00
- MLS#:
- 1607018
View additional info
Courtesy: Compass Real Estate
603-319-4660
ADDITIONAL INFORMATION
A truly unique opportunity awaits at 3 Grant Street, a Historic Brick Townhouse, with three exceptional apartments, located in the heart of Portland. Each unit was taken down to the studs by the previous owner and the newly designed spaces combine classic interior characteristics with an industrial chic vibe. The first and second floor are currently leased where the third floor unit is a beautifully designed, furnished one bedroom apartment with open air views, vacant and waiting for its next occupant. The current owner has meticulously maintaned the space and added value by renovating the bathroom in the basement, installing an addional washer and dryer in the laundry room, installing a new water heater for the first floor, repairing window frames and reskinning the deck. Notable amenities include air conditioning and radiant floors in every unit, a laundry room with a bathroom, a furnished outdoor patio and keyless locks. If you are a savvy investor looking to owner occupy, this could be an amazing opportunity to make a hassle free transition into a turn key building, walkable to all that Portland has to offer.
$1,356,000
35 Street Portland, ME 04102
- Type:
- Multi-Family
- Sq.Ft.:
- 2,980
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.23 Acres
- Year built:
- 1930
- Baths:
- 3.00
- MLS#:
- 1603330
- Subdivision:
- NO
View additional info
Courtesy: Maine Real Estate Experts
207-894-5722
ADDITIONAL INFORMATION
A wonderful intown spot to call home or your next investment. This is a large well cared for home in a very convenient yet kind of seperated area in downtown. The home offers rather roomy units and the seller says potential for a third unit on the third floor that she has not had a chance to finish. R6 is one of Portlands most liberal zones.This home has a building lot attached to it as well. This makes for a wonderful yard but maybe another multi unit or home will be its future use.
$2,300,000
26 Portland, ME 04101
- Type:
- Multi-Family
- Sq.Ft.:
- 7,556
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.15 Acres
- Year built:
- 1900
- Baths:
- 8.00
- MLS#:
- 1600650
View additional info
Courtesy: Benchmark Real Estate
207-775-0248
ADDITIONAL INFORMATION
Discover a rare gem in the heart of Portland! The historic 'Harbor View Apartments' is a unique 8-unit multifamily that offers one 2 bedroom and seven 1 bedroom units. This 7556 sqft 19th century Mansard Style building has breathtaking views of Casco Bay from every apartment. With its rich history and prime Eastern Promenade location, this property presents an exceptional investment opportunity. Each unit boasts original features and character, providing a charming and desirable living experience. Enjoy stunning sunrises, serene water views, and easy access to local amenities, such as the Old Port, Bayside, East End Beach and the Eastern Promenade Trail. This property offers endless possibilities, and is a prime candidate for condo conversion. Don't miss your chance to own this historic, one of a kind property.
$2,450,000
1 Street Portland, ME 04101
- Type:
- Multi-Family
- Sq.Ft.:
- 4,136
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.07 Acres
- Year built:
- 1904
- Baths:
- 6.00
- MLS#:
- 1597248
- Subdivision:
- Munjoy Hill
View additional info
Courtesy: Benchmark Real Estate
207-775-0248
ADDITIONAL INFORMATION
Outstanding is an understatement when describing this remarkable mixed use multi-unit offering. Located at the center of Portland's vibrant, eclectic and uber desirable Munjoy Hill/ East End, locations don't get better than this. Walk Score calls this a 'walker's paradise' with everything you want and need within blocks. Located in a B1 zone, the property is home to a mix of residential and commercial uses. The corner commercial unit is home to Belleville (BLVL), an acclaimed and thriving bakery and coffee shop. The 5 remaining units are condo-ready-quality and fully updated 1 bedroom, 1 bath residential apartments. Each unit is bathed in natural light and each looks out onto local landmarks (neighboring homes and the Portland Observatory), the city skyline and even toward the setting sun over Back Cove. Units enjoy separate utilities, super-efficient heat and hot water and each rent is at-market. Over the past decade the current owners have gone unit by unit to update everything from the foundation to the roof to create something outstanding. Just outside the door you are instantly in the heart of the East End and a short walk to inner Washington Ave, the Old Port, in-town, Portland Foreside, East End beach, Eastern Promenade and more. With NOI of $140K and a 5.6 CAP Rate this is not only a worry-free addition to the portfolio, it is highly profitable. Shown by appointment Monday through Friday between 10AM and 5PM with 24+ hours notice.
$2,350,000
104 Street Portland, ME 04101
- Type:
- Multi-Family
- Sq.Ft.:
- 4,896
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.13 Acres
- Year built:
- 1854
- Baths:
- 3.00
- MLS#:
- 1584545
View additional info
Courtesy: Real Broker
207-272-3984
ADDITIONAL INFORMATION
Developers Take Notice! This oversized lot is approved for development of 7 condo units. Stunning views overlooking the ocean and located in the highly-desirable Munjoy Hill neighborhood on a quiet street. This lot is just waiting for the right developer to bring their vision and be part of the booming development of Portland Maine!
Portland Real Estate
The median home value in Portland, ME is $560,000. This is higher than the county median home value of $470,000. The national median home value is $338,100. The average price of homes sold in Portland, ME is $560,000. Approximately 41.95% of Portland homes are owned, compared to 47.79% rented, while 10.27% are vacant. Portland real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Portland real estate agent to arrange a tour today!
Portland, Maine has a population of 68,063. Portland is less family-centric than the surrounding county with 28.1% of the households containing married families with children. The county average for households married with children is 30.7%.
The median household income in Portland, Maine is $66,109. The median household income for the surrounding county is $80,679 compared to the national median of $69,021. The median age of people living in Portland is 36.9 years.
Portland Weather
The average high temperature in July is 78.8 degrees, with an average low temperature in January of 10.8 degrees. The average rainfall is approximately 48.9 inches per year, with 61 inches of snow per year.