Portland PA Multi Family for Sale
- Type:
- Apartment
- Sq.Ft.:
- 4,500
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.08 Acres
- Year built:
- 1890
- Baths:
- MLS#:
- PM-121017
- Subdivision:
- Z Not In A Development
ADDITIONAL INFORMATION
Stunning Turnkey Investment Property in Historic Portland This beautifully maintained property offers breathtaking views of the Delaware River and the walking bridge from the second floor. With all units currently rented, this income-producing building features five units in total: three one-bedroom apartments upstairs, a two-bedroom unit on the first floor, and a commercial storefront occupied by a popular chocolate shop. All tenants are long-term and well-established. Recent upgrades include new electrical panel boxes installed in the three upstairs units. Additionally, Unit 2A was fully remodeled in 2022, and Unit 2C underwent renovations when purchased. This property provides an excellent opportunity to add a lucrative asset to your portfolio. Schedule a showing today!
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Portland Real Estate
The median home value in Portland, PA is $232,000. This is lower than the county median home value of $308,700. The national median home value is $338,100. The average price of homes sold in Portland, PA is $232,000. Approximately 36.67% of Portland homes are owned, compared to 36.25% rented, while 27.08% 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, Pennsylvania has a population of 507. Portland is more family-centric than the surrounding county with 39.37% of the households containing married families with children. The county average for households married with children is 27.6%.
The median household income in Portland, Pennsylvania is $58,068. The median household income for the surrounding county is $77,103 compared to the national median of $69,021. The median age of people living in Portland is 40.4 years.
Portland Weather
The average high temperature in July is 84.2 degrees, with an average low temperature in January of 17.5 degrees. The average rainfall is approximately 48.1 inches per year, with 34.2 inches of snow per year.