Portland ME Multi Family for Sale

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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

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!

Type:
Multi-Family
Sq.Ft.:
7,446
Status:
Active
Beds:
n/a
Lot size:
0.12 Acres
Year built:
1910
Baths:
5.00
MLS#:
1581920

ADDITIONAL INFORMATION

2 retail & 5 residential units in a prime location! Discover a unique investment opportunity at the vibrant intersection of Forest Ave, Woodford St, and Ocean Ave. This property features a strategic location with two street-level retail units, perfect for businesses seeking prime visibility, and five residential units on the second floor, providing modern living spaces with 1 to 3 bedrooms. The full unfinished basement, equipped with a loading dock, adds versatility for potential expansion, storage, or logistical convenience. Positioned at a bustling intersection, the property promises high traffic and accessibility via major thoroughfares and public transportation. Investors can capitalize on a steady rental income stream from the mix of residential and commercial spaces, while the prime location ensures long-term appreciation and demand. Explore the potential of this mixed-use gem, combining convenience, versatility, and income prospects. Schedule your private viewing and seize the opportunity to invest in this dynamic property.

Type:
Multi-Family
Sq.Ft.:
6,671
Status:
Active
Beds:
n/a
Lot size:
0.11 Acres
Year built:
1900
Baths:
9.00
MLS#:
1586706

ADDITIONAL INFORMATION

Type:
Multi-Family
Sq.Ft.:
3,706
Status:
Active
Beds:
n/a
Lot size:
0.34 Acres
Year built:
1905
Baths:
5.00
MLS#:
1581210
Subdivision:
Farmhouse Condominiums

ADDITIONAL INFORMATION

Grand historic home and carriage house currently entirely occupied by owner for commercial use as a healing arts building. Three condominium units exist and information on the form is made up to complete the form for listing as a Multi-Unit. Contact for more information. The three condominium units are all owned by the same owner provide flexibility for commercial or residential buyers. Highly visible desirable Portland location not far from downtown and highways. The property has mature trees, beautiful grounds, abundant parking. It is truly a must see. Also listed as MLS#1581136

Type:
Multi-Family
Sq.Ft.:
5,376
Status:
Active
Beds:
n/a
Lot size:
0.1 Acres
Year built:
1920
Baths:
6.00
MLS#:
1575343

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.

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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. © 2024 Maine Real Estate Information System, Inc. All Rights Reserved.



Portland Real Estate

The median home value in Portland, ME is $562,500. 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 $562,500. 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.

Portland Real Estate Market Conditions

  • Median sales price

    $562,500
    19.3% change since last quarter
  • # Active listings

    180
    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
Dora L Small Elementary School KG - 05 323 15.1 04106
Dyer Elementary School KG - 05 260 14.4 04106
East End Community School PK - 05 425 12.3 04101
Frank I Brown Elementary School KG - 05 290 12.1 04106
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
James Otis Kaler Elementary School PK - 05 218 9.9 04106
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
Waldo T Skillin Elementary School PK - 05 383 13.1 04106

Middle Schools near Portland, ME

School Grades Students P/T Ratio ZIP
Daniel F. Mahoney Middle School 06 - 08 305 10.5 04106
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
Memorial Middle School 06 - 08 420 12.7 04106

High Schools near Portland, ME

School Grades Students P/T Ratio ZIP
Arthur R. Gould School--Lcydc 09 - 12 28 5.6 04106
Casco Bay High School 09 - 12 368 14.2 04103
Deering High School 09 - 12 937 14.7 04103
Maine Connections Academy 07 - 12 256 31.2 04106
Portland High School 09 - 12 862 15.1 04101
South Portland High School 09 - 12 896 12.9 04106

Ungraded Schools near Portland, ME

School Grades Students P/T Ratio ZIP
Baxter Academy for Tech & Sciences 09 - 11 220 12.4 04101
Portland Arts & Technology H S UG - UG 0 0 04103

Demographics near Portland, ME

Metric City County
Neighborhood Type
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