PEN
Price$2,500,000
Est. Mortgage: $/month
PendingMLS Number 1600650
- MultiFamily
- Bathroom 8
- Square Feet 7,556
- Acreage 0.15
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.
Listed by Benchmark Real Estate
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ACT
Price$2,450,000
Est. Mortgage: $/month
ActiveMLS Number 1597248
- MultiFamily
- Bathroom 6
- Square Feet 4,136
- Acreage 0.07
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.
Listed by Benchmark Real Estate
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ACT
Price$2,350,000
Est. Mortgage: $/month
ActiveMLS Number 1584545
- MultiFamily
- Bathroom 3
- Square Feet 4,896
- Acreage 0.13
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!
Listed by Real Broker
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ACT
Price$1,995,000
Est. Mortgage: $/month
ActiveMLS Number 1604148
- MultiFamily
- Bathroom 5
- Square Feet 3,337
- Acreage 0.12
Incredible opportunity to own a stunning Greek Revival home from 1860 on Munjoy Hill, complete with an income-generating unit, a spacious yard, and a two-car garage. This property offers multiple living options: whether for multi-generational living, renting out the second unit, or enjoying the entire space for yourself! The owner's unit, located at the front of the lot, is a completely independent residence featuring beautifully restored interiors. The first floor transports you to a different time, featuring a drawing room and a ''summer kitchen'' perfect for entertaining guests in your serene backyard oasis. This level also has the potential to serve as a guest suite, complete with a full bathroom. The second floor is truly remarkable, boasting original tin ceilings, wainscoting, and exquisite hardwood floors. You'll find a renovated kitchen and a bright south-facing double parlor that includes a dining area and living room with open views and high ceilings, as well as an en-suite bedroom with a modernized full bathroom. The top floor serves as your primary suite, featuring a full bath, a library/office, and a spacious bedroom. The second unit is a generous five-room apartment with its own private entrance and outdoor deck, providing additional income potential. The exterior is equally impressive, showcasing landscaping around a deck with harbor views. Additional features include updated plumbing/electrical systems, forced hot water radiators, air conditioning, a central vacuum system, complete winterization for low energy costs, high-end energy-efficient windows, a generator, and ample storage in the attic and cellar. Located in the sought-after East End, you'll be close to the Eastern Prom with its endless trails, the East End Beach, the Portland Observatory, BLVL bakery, The Front Room, Jing Yan Tavern, and many charming boutiques. Experience the unique charm and character of this exceptional residence while watching the ships come and go.
Listed by Portside Real Estate Group
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ACT
Price$1,800,000
Est. Mortgage: $/month
ActiveMLS Number 1583066
- MultiFamily
- Bathroom 4
- Square Feet 2,976
- Acreage 0.13
Don't miss this great opportunity for investment property in the heart of Farmington. These 5 Multi-Units are near both the University of Maine at Farmington and Broadway St, the heart of Farmington where shops and dining are available. Not only do these properties have an amazing location and excellent rental history, they offer 9 single rooms and 21 other units ranging from efficiencies to 1, 2, 3, and even a 4 bedroom! Each tenant has their own assigned parking area in a newly paved and striped parking lot. Don't miss your chance to dive into Farmington's rental business!
The details of this one listing are for a representative property and there are four other properties that are included and being sold as a package.
Listed by Meservier & Associates
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ACT
Price$1,690,000
Est. Mortgage: $/month
ActiveMLS Number 1595024
- MultiFamily
- Bathroom 5
- Square Feet 4,644
- Acreage 0.05
Welcome to 33 Deering Street, a perfect example of Portland history! Nestled in the heart of the peninsula of Portland, this stately owner-occupied brick 5 unit is within easy reach of Portland's Arts District offering shopping, dining, entertainment and cultural attractions. The first floor houses a gracious owners' unit complete with high ceilings, beautiful original features including a fireplace and a decorative bay window. There is also a generous sized bonus office space built in the lower level. On the second floor, you will find two studio units as well as a very charming 1-bedroom unit. The whole 3rd floor is home to a roomy 2-bedroom apartment with nice views on three sides. New windows and a new boiler are just a couple of updates at this well cared for building. There is parking for 2 vehicles located on the property, with plenty of street parking as well. This popular sought after location ensures easy rentals!
Listed by Gardner Real Estate Group
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ACT
Price$1,600,000
Est. Mortgage: $/month
ActiveMLS Number 1599605
- MultiFamily
- Square Feet 19,584
- Acreage 0.23
This property is currently in use as a 36 unit rooming house. 24 hour noticed required for showings. Please inquire with any further questions.
Listed by CENTURY 21 Advantage
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ACT
Price$1,575,000
Est. Mortgage: $/month
ActiveMLS Number 1599566
- MultiFamily
- Bathroom 7
- Square Feet 9,854
- Acreage 0.69
Located in South Portland's Ligonia neighborhood, this is a unique opportunity to purchase a turnkey 7-unit residential apartment building and a 5,582 SF flex building, currently with 7-commercial tenants. The apartment building is in great condition, with many renovated units, two newer boilers, a brand-new deck, fresh paint and replacement windows. The flex building is divided into 7 studios/workshops, currently occupied by long term artists and ''maker'' tenants on an at-will basis. The owner occupies one of the commercial units as a workshop and can either remain as a tenant or vacate for a new owner. This property is ideal as a fully occupied investment or for an owner-user seeking shop space while offsetting occupancy costs with rental income.
Listed by Vitalius Real Estate Group,LLC
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ACT
Price$1,550,000
Est. Mortgage: $/month
ActiveMLS Number 1589581
- MultiFamily
- Bathroom 18
- Square Feet 15,106
- Acreage 0.22
18 unit portfolio located at 179 Pine St + 115-117 Pierce St, Lewiston. There has been many capital improvements made such as kitchens, flooring, painting + rental increases w/ more upside as well. This 3 building package offers (7) 1 bedrooms, (7) 2 bedrooms & (4) 3 bedroom units. Please don't miss the opportunity to own an investment that has good cash flow + appreciation in one of the hottest markets in the state of Maine!
Listed by F.O. Bailey Real Estate
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PEN
Price$1,550,000
Est. Mortgage: $/month
PendingMLS Number 1591157
- MultiFamily
- Bathroom 8
- Square Feet 6,104
- Acreage 0.26
This classic Portland building offers a blend of historic charm and modern upgrades making this lovely 7 unit apartment building a rare find in the Portland market. Ideal for investors or an owner occupied opportunity which provides stability, growth potential, and minimal future maintenance. The first floor apartment is a spacious 2 bed, 2 full bath unit; living room with bay windows, a formal dining room, kitchen with pantry space, high ceilings & plenty of light throughout with nooks and crannies for clever storage spaces; currently owner occupied. An ideal situation to set the rent to current market or for the new owner to reside comfortably. All 7 apartments have updated flooring, appliances, new windows, updated lighting. Upgrades completed with durability in mind along w/ creative use of color & space to attract long-term residents.
Other updates include a new roof (2022) with a 50 year, twice transferrable warranty; updated NG boiler in the basement, LED light fixtures throughout building, line to the street main replaced with PVC as well as the plumbing lines under basement & stacks to the third floor. Radon removal system installed. The building has also been insulated to maximize energy savings including spray foam in the basement, insulation board under updated siding, insulation under new drywall in the back hallway & attic storage space completed this year. Fully fenced backyard for green space available for all to enjoy including canopy for sun shade, fire pit, grill and sitting swing. Coin-op washer and dryer for extra monthly cash. Ideal peninsula location with an amazing walkability score of 92 to restaurants, shops, bars & services. Highly desirable deeded parking spaces for 7 vehicles with no maintenance responsibilities. Excellent rental history and currently fully occupied. 55 Sherman Street has approved and recorded banked rents for the completed renovations available for use by the new owner.
Listed by Coldwell Banker Realty
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ACT
Price$1,500,000
Est. Mortgage: $/month
ActiveMLS Number 1599335
- MultiFamily
- Bathroom 4
- Square Feet 3,686
- Acreage 0.04
Known as the Nathan Nutter House, this historic 2.5 story home was built in 1840 for a local Portland merchant. The original 3,686± square foot Greek Revival building was converted into a two-family dwelling in 1924 and then most recently into four one-bedroom apartment units. Recognized by Greater Portland Landmarks, the property is publicly on the market for the first time in 38 years. The building underwent a complete ''to the studs'' renovation in 1972 and with more recent improvements, the building is in excellent condition. The security entranceway from the street leads to a private open courtyard with steps up to the individual units. The four one-bedroom units each have multi-level floorplans and access to outside covered porches. A perfect candidate as an owner-occupied investment property, one apartment received a total 2024 renovation including new kitchen, appliances, flooring, lighting and paint. Also, a possible condo conversion. Located within short walking distance from the property are the numerous amenities of Portland and its waterfront including nationally recognized restaurants, specialty shops, galleries, art museums, sports and theatrical events and the hospital. Portland's International Jetport, beaches, marinas, and golf facilities are all nearby.
Listed by LandVest,Inc.
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ACT
Price$1,500,000
Est. Mortgage: $/month
ActiveMLS Number 1575343
- MultiFamily
- Bathroom 6
- Square Feet 5,376
- Acreage 0.1
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.
Listed by Ashby Real Estate
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