Portland ME Multi Family for Sale

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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

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.

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

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!

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

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.

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

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.

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Andrea Conner, License DB922721, Xome Inc., License AC90602770, [email protected], 844-400-XOME (9663), 750 Highway 121 Bypass, Suite 100, Lewisville, Texas 75067


Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2025 Maine Real Estate Information System, Inc. All Rights Reserved.



Portland Real Estate

The median home value in Portland, ME is $451,100. This is lower 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 $451,100. 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 04102 has a population of 68,063. Portland 04102 is less family-centric than the surrounding county with 17.44% 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 04102 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 04102 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.

Portland Real Estate Market Conditions

  • Median sales price

    N/A
  • # Active listings

    32
    30-day change

Portland Schools and Demographics

Education near Portland, ME

Metric City County
High School Graduates 94.23 95.67
College Degree - 2 year 6.9 8.86
College Degree - 4 year 56.49 49.81
Graduate Degree 16.4 13.65
Expenditures per Student 17,788 17,788
Students per Teacher 11.4 11.4

Elementary Schools near Portland, ME

School Grades Students P/T Ratio ZIP
Cliff Island School 01 - 03 4 4.2 04108
East End Community School PK - 05 425 12.3 04101
Fred P Hall School KG - 05 421 13.4 04101
Harrison Lyseth Elementary School PK - 05 499 14.4 04103
Howard C Reiche Community School PK - 05 404 13.1 04102
Longfellow School-Portland KG - 05 340 13.7 04103
Ocean Avenue KG - 05 421 13.8 04103
Peaks Island School KG - 05 52 9.1 04108
Presumpscot School PK - 05 299 11.8 04103
Riverton School PK - 05 470 11.6 04101

Middle Schools near Portland, ME

School Grades Students P/T Ratio ZIP
King Middle School 06 - 08 502 10.9 04102
Lincoln Middle School 06 - 08 488 11.2 04103
Lyman Moore Middle School 06 - 08 495 10.4 04103

High Schools near Portland, ME

School Grades Students P/T Ratio ZIP
Casco Bay High School 09 - 12 368 14.2 04103
Deering High School 09 - 12 937 14.7 04103
Portland High School 09 - 12 862 15.1 04101

Ungraded Schools near Portland, ME

School Grades Students P/T Ratio ZIP
Portland Arts & Technology H S UG - UG 0 0 04103

Demographics near Portland, ME 04102

Metric Zip Code City
Neighborhood Type Suburban
Population 68,063 300,776
Population Density 3,156 360
Median Age 36.9 41.9
People per Household 2.1 2.3
Median Household Income 66,109 80,679
Average Income per Capita 42,960 45,704