Multi-Family Homes

MLS Number 1542040

• MultiFamily
• Style Multi-Level
• MLS Status Active
• Property SubType Multi Family
• Address 172 Blake Street

This high quality portfolio in the fastest growing Southern Maine investment market contains 58 units in 11 buildings, centrally located in the Downtown area and in close proximity to one another. Very strong rental income with historic vacancy and delinquency rates near zero. All buildings have parking; most units have had significant upgrades and some have been renovated from the studs-in. Some of the recent improvements include heating systems, plumbing, wiring, insulation, decking and cabinetry. This portfolio has been operated by an extremely hands-on owner/manager, which is evident in the care of the buildings and the tenants. Fantastic opportunity to land a large, turnkey and profitable portfolio in this up-and-coming market. Property addresses and unit counts as follows: 172-176 Blake St - 15 units, 228 East Ave - 6 units, 167 Pine St - 6 Units, 215-217 Blake St - 5 units, 809 Sabattus St - 4 units, 53 Maple St - 4 Units, 119-121 Pierce St - 3 Units + SFH, 39 Howard St - 3 units, 166 Blake St - 3 units, 174 Bartlett St - 3 units, 487 Main St - Commercial Space + 1 Residential unit

Listed by Vitalius Real Estate Group,LLC

MLS Number 1542321

• MultiFamily
• MLS Status Active
• Property SubType Multi Family
• Address 1190 Forest Avenue
• Square Feet 15,126

100% occupied brick 15,126 square foot mixed-use property. This historic building has just 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 22 rooming units and a 2-bedroom apartment. 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 #1542320

Listed by Town & Shore Real Estate

MLS Number 1544584

• MultiFamily
• Full Bath 3
• Style Multi-Level
• MLS Status Active
• Property SubType Multi Family

Here is your chance to own a 3-unit in the desirable East End neighborhood of Portland. According to the city, this oversized lot can support a 7-unit development. All 3 units are good size and completely owner occupied. With the way this property is situated your water views are protected by the park below. Come check out this lovely family-owned 3-unit property with amazing water views from every floor!

Listed by Keller Williams Realty

MLS Number 1523263

• MultiFamily
• Full Bath 20
• MLS Status Active
• Property SubType Multi Family
• Address 17-19 College Avenue

Listed by Keller Williams Realty

MLS Number 1551164

• MultiFamily
• Full Bath 7
• Half Baths 3
• Style Chalet, Ranch
• MLS Status Active

An investment property like this is a once in a lifetime opportunity and can change lives. Currently established as year-round yearly rentals with a good cash-flow, but the business potential is in the weekly or seasonal rentals of Air BNB, VRBO, and other vacation rental models. A total of seven properties with 495 feet of good, deep-water frontage, dock systems, plenty of parking and an additional 3.7 acres of undeveloped land, including a large parking lot, well and commercial septic system just across the road. The property consists of 2 cabins, a building with 2 units and a building with 3, all with multiple bedrooms and two with walk-out basements. All have washer & dryer, 5, 6 & 7 have a half -bath in the finished basement that could be used as a great room or additional bed space that walks out to the lawn & lake. The buildings are in great condition and ready for a new owner. Located less than 40 min to Auburn, 45 to Augusta, an hour to Sunday River, 30 min to Farmington and less than 3 hours to Boston. This could be a perfect 1031 property and a lifestyle changer

Listed by Better Homes & Gardens Real Estate/The Masiello Group

MLS Number 1546760

• MultiFamily
• Full Bath 5
• Style New Englander
• MLS Status Active
• Property SubType Multi Family

Comprehensively updated and multi-family, located in one of Maine's most desirable neighborhoods is ideal for an owner occupant, investor or developer. Located in the heart of Portland's desirable East End the site is a short walk to the parks, playgrounds, bakeries, breweries, boutiques and business of Munjoy Hill, inner Washington Ave and Portland Foreside... locations don't get more desirable. This is a key component to garnering great rents, having zero vacancies, enjoying unparalleled appreciation and most importantly - providing an outstanding quality of life. Over the last several years the owners have updated the building unit by unit. From the semi-boring stuff like windows, doors, electrical, plumbing, heating... to the more enjoyable things like updated kitchens, baths, in-unit laundry, flooring and lighting this building is turn-key and condo-quality. Rents are at market and there is banked rent (allowing a new owner to raise the rents significantly) so rent control is no concern. With gross rents of $90,000, tenants paying for their utilities and low - low cost of ownership this is an ideal investment or condo / single family alternative. Located in the desirable R6 zone and not in the historic district a new owner has lots of options from expansion (7 units are allowed), separate structure or a more comprehensive re-imagination and development. When you realize that this is one of the highest points in Portland that already affords brilliant water views you can't help but dream a little... .12 acres, 4,046sf, 5 units, 3 - 1 bedroom & 1 bath units, 2 - 2 bedroom & 1 bath units, 5 off street parking spaces. Shown by appointment.

Listed by Benchmark Real Estate

MLS Number 1508742

• MultiFamily
• Full Bath 5
• MLS Status Active
• Property SubType Multi Family
• Bathroom 5

Peninsula five family with off street parking at the base of Munjoy Hill. The most up and coming and vibrant area in Portland, with many restaurants, shops and activities right in the neighborhood. Walkable with easy access to the boulevard and the eastern promenade fro all your outside enjoyment.

Listed by Spectrum Real Estate

MLS Number 1548253

• MultiFamily
• Full Bath 5
• Style Camp, Ranch
• MLS Status Active
• Property SubType Multi Family

The opportunities are endless with this special property located in the Belgrade Lakes region. There are four separate buildings situated on 6.01 acres of land with 800 feet of shore frontage on salmon lake. Three of cottages are currently year-round, and the fourth could easily be converted. A complete remodel was done to the main cottage in 2019 and the seasonal cottage in 2022. This past year a beautiful, manufactured home was also placed on the property. There are multiple dock systems along the shore, as well as a charming boat house. With this spacious property, there is plenty of room for expansion or additional business ventures. Connected by a channel, residents of Salmon Lake can also enjoy McGrath Pond. There are so many amazing possibilities year-round. Whether you choose a family compound, seasonal rentals, or Airbnb, this provides it all. I would love to help make your vision a reality!

Listed by Pouliot Real Estate

MLS Number 1551644

• MultiFamily
• Full Bath 5
• Style Row-End
• MLS Status Active
• Property SubType Multi Family

Stately brick 5-unit on coveted Deering St. offers remarkable quality, significant updates, and abundant opportunity. Historic Deering St with its grand single family homes and row houses offers the very best of in-town living on a serene tree-lined street. Close to all that Portland has to offer from boutiques, breweries and bakeries to gastropubs and galleries. Locations don't get better and more walkable, bikeable and rentable. All units are 1 bedroom & 1 bath with great light and lots of period charm. This is a quality and low stress addition to an investment portfolio, has condo conversion potential and is even ideal for an owner occupant. Seller has taken stewardship of this remarkable property serious from a super efficient heating system to a well maintained exterior. Heat and hot water is paid by owner but electric is paid by renters. Ample street parking with possible spots to rent in adjacent lots, and parking garage available within 3 blocks. GROUP SHOWINGS ONLY (brokers & buyers can just show up w/ no appointment needed) Thur 2/2, Fri 2/3, Mon 2/6 & Tue 2/7 from 12:00 to 1:00. Offers Due Wed. 2/8 by 3PM

Listed by Benchmark Real Estate

MLS Number 1550802

• MultiFamily
• Full Bath 4
• MLS Status Active
• Property SubType Multi Family
• Address 197 Congress Street

Deceptively simple outside, this East End multi-family is fully furnished, turn-key, has a strong furnished-rental income history, and has a parking lot to boot! Inside is much bigger than it appears, with three 2-bedrooms units plus a full guest studio. Each unit has been renovated with a charming, coastal touch and the location is highly desirable to short, medium, and long term tenants and buyers looking to live downtown. This location might just be one of the most walkable on Portland's East Side, sitting at the intersection of Washington's ''restaurant row,'' India Street's gateway to the waterfront, Munjoy Hill's stunning park, and East End Beach. The 5,998 SF lot currently offers a large parking lot and quaint courtyard with the future potential to add additional units. The 1980's construction is a refreshingly attractive alternative to the typical 100+ year old Portland building.

Listed by Vitalius Real Estate Group,LLC