Multi Family Homes for Sale in Portland Maine

MLS Number 1520688

• MultiFamily
• Full Bath 16
• Style Multi-Level
• MLS Status Pending
• Property SubType Multi Family

- 16 exempt, value-add units for sale on Portland's peninsula.- Exempt from City of Portland Rental Control Ordinance- Multi-Family building comprised of 16 units totaling 12,496+/- SF- Spacious and efficient layout, all units with three-bedrooms on 4-stories- Exceptional cash-flow opportunity at an opportune time to invest in a growing neighborhood on Portland's peninsula- Professionally managed building protected by code-compliant, centrally monitored alarm and sprinkler system- Walkable to Old Port, Downtown Business District District and Whole Foods/Bayside Area- Projected Cap Rate: 9.22%- Sale Price: $2,995,000

Listed by Porta & Company

MLS Number 1522984

• MultiFamily
• Full Bath 15
• Style Multi-Level
• MLS Status Pending
• Property SubType Multi Family

We are pleased to present the opportunity to acquire 585 Congress Street, Unit 4. The property is a one of four commercial condos in the building, and this condo is comprised of 14 large residential apartments. All but two units have been renovated in the last several years with new appliances, floors and finishes. 585 Congress, Unit 4, is centrally located on Portland's peninsula and abuts Congress Park. This is an excellent opportunity for an investor looking for a multi-family investment property in Southern Maine's hub city. The apartments are currently rented at below-market prices, making this an ideal opportunity for an investor who wants to purchase the property at a low price and bring rents up to fair market rent. Portland has a historically low vacancy rate, and these apartments are in high demand. Though subject to rent control, an investor could still bring these apartment rents up to fair market rent within several years and turn this intro a strong cash flowing property.

Listed by The Boulos Company

MLS Number 1519160

• MultiFamily
• Full Bath 7
• Style Multi-Level
• MLS Status Pending
• Property SubType Multi Family

7-unit multi-family building totaling 6,864+/- SF, Efficient layout with 6 large two-bedroom units spanning fromfront to back and 1 oversized one-bedroom. Exceptional opportunity for long-term investment, condoconversion or owner-occupancyEquipped with 4 to 5 off-street parking spaces, tenant storage,and a mix of in-unit and common laundry9 covered decks with views of Casco Bay and the City skyline. 100% occupied with market rental units. Walkable to Portland's Arts, Waterfront, and Old Port districts.

Listed by Porta & Company

MLS Number 1519965

• MultiFamily
• Full Bath 6
• Style Multi-Level
• MLS Status Pending
• Property SubType Multi Family

Brick 6-unit with parking lot and development potential in one of Munjoy Hill's most desirable locations. Waterville Street is known among East End locals for it's quiet nature and neighborhood setting since it is not a pass-through street, and does not connect directly to Congress ST. The 6,400 SF lot is framed by trees, creating a sense of separation and privacy around the paved parking, currently offered to tenants at no charge. The building is a mix of one-bedroom and studio apartments, two of which have benefited from more recent updates, and really show the potential for all of the units. Or, re envision the property as a development opportunity - reconfigure, convert to condos, build new on the parking lot... so many possibilities for this Munjoy Hill gem!

Listed by Vitalius Real Estate Group,LLC

MLS Number 1524876

• MultiFamily
• Full Bath 6
• Style Multi-Level
• Property SubType Multi Family
• MLS Status Pending

Fully updated turn key 6 unit apartment building w/ 6 (2) bedroom units, parking, huge yard, separate electric + heat, coin op washer/dryer in basement. This property is minutes to Baxter Boulevard, interstates 295, Munjoy Hill and Portland's Old Port. Please don't miss out on this fantastic investment property!Group showings on Wednesday 4/20 from 12:30 - 2 PM & Thursday 4/21 from 12:30 - 2 PM.

Listed by F.O. Bailey Real Estate

MLS Number 1511652

• MultiFamily
• Full Bath 8
• Style Victorian
• MLS Status Pending
• Property SubType Multi Family

Deering Center is Portland's 'Norman Rockwell' neighborhood. From the quiet tree lined streets, playgrounds and parks to the local shops and neighborhood center and slightly slower pace - life in a small city doesn't get better! With everything you need outside your door, this stately Victorian 7-unit proudly sits at the corner of Woodford & Stevens Ave. From this location you can walk to recreation from Baxter Woods, Capisic Pond, and Evergreen Cemetery/Park and Back Cove and lifestyle locations like shops, boutiques, grocers and restaurants. Located equidistant between UNE and USM the ability to rent and command top rents is assured. One look at the historic picture from 1924 will make you want to bring this once magnificent Victorian back to its original grandeur. Whether as a multi-family, condos or even as an owner occupied apartment building with fewer units the bones are good and much of the original details are intact. From fireplaces with ornate mantels to leaded glass built-ins and period trim, charm is ever present and waiting. Each unit pays their own electric and the heat could easily be separated.

Listed by Benchmark Real Estate

MLS Number 1519148

• MultiFamily
• Full Bath 3
• Style New Englander
• MLS Status Pending
• Property SubType Multi Family

It's all about LOCATION and this one is simply perfect!!!Solid duplex on Atlantic Street, with ocean views right down the street! Walk to the Eastern Prom for the park, tennis courts, food trucks, marina, dog beach, and more from this home!!! It's only 3 blocks away!Theater, coffee shops and art galleries just down the street, plus a host of food trucks and the Casco Bay Ferry system around the corner. Both units have dedicated porches, washer/dryers, gas meters, CMP panel boxes and separate heat systems. The building was seriously upgraded in 2017 with new granite, some plumbing, gleaming pine floors, some newer carpets, updated bathrooms, new roof, windows, insulation, and fixtures. Strong rental history. BOTH units are BELOW market. 1st floor should rent for $1850 and 2nd floor $5000 p month, not including heat. Perfect for owner occupy as well!!First floor has one bath, one large bedroom and an office or second bedroom. Both units share the basement and there is a bulkhead plus a side door off the first floor porch for ease of storage.Second unit is a combination of second and third floors with egress on each. This makes superior living for roommates or a larger family......RARE two bathroom, four bedrooms or set it up with 2 living spaces as current residences do. Enjoy some open walls, exposed brick, period details, plaster and dry wall ceilings, custom kitchen cabinets, and two porches. The top porch has some OCEAN VIEWS seasonally!!!Both abutters are owner occupied homes!!Large driveway for 2, private backyard with new fencing, all great for setting up the grill or exercising pets!!!There is enough land mass to qualify for a CONFORMING 3rd unit probably, per the new zoning guidelines adopted Dec. 2020. See broker for details.Rents are under market rate, owner lives on the second floor.This is a rare offering and you will be pleased to add this building to your portfolio or even better.......live here

Listed by Judy George Realty

MLS Number 1523902

• MultiFamily
• Full Bath 4
• Half Baths 1
• Style New Englander
• MLS Status Pending

This package is located in between Portland's 2 largest hospitals. This 4 unit consists of 3 buildings on 2 separate lots. The first property has a duplex and a single family home. The second property has a single family home. The duplex has 2 three bedroom/1 bath apartments and a single family home is 3 bedrooms/ 1 full and 1/2 bath. The second single family home is 2 bedrooms/ 1 full and 1/2 bath. This location is a short walk away from Western Prom, shopping, restaurants and bars.

Listed by Keller Williams Realty

MLS Number 1520930

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

Welcome to Portland's East End! This Morning Street 3-unit is perched prominently at the corner of Morning & Congress, looking down the Street's last block to the Eastern Promenade Park and out onto Casco Bay. Under the watchful eye of responsible long term ownership, all the systems and infrastructure are in excellent condition - the roof, heat, electrical, windows, etc. The apartment interiors have benefitted from some upgrades over the years, and are in perfectly fine and rentable shape. However, Buyers with creative vision will be excited and eager to lend their own personal style and modern tastes to the apartments. The opportunity for the next owner is the fun stuff - paint, kitchens, maybe layouts. This is a special property in an incredible location that offers an owner occupant the very best this market has to offer: a chance to live on the East End while also enjoying (or benefiting from) some rental income in one of America's favorite neighborhoods!

Listed by Vitalius Real Estate Group,LLC

MLS Number 1527262

• MultiFamily
• Full Bath 5
• MLS Status Pending
• Property SubType Multi Family
• Address 11 Russell Street

In the heart of the West End find 11 Russell Street! This fabulous 4-unit property has it all! Unique units with a shared deck and off-street parking! Excellent tenant history in a low maintenance building. Two units were completely remodeled in the recent past. Replacement windows, newer roof, all separate utilities and more! Units 2, 3, and 4 are townhouse style units. This property also has the benefit of a potential condo conversion. The condominium association, Russell Street Flats Condominium, was never recorded but the documents have been created, along with the survey, and plans. The new owner can either leave the building as is or do some low stress development with most of the work already completed! Be part of the vibrant Portland, Maine lifestyle today! All showings are group showings as noted in internal remarks. All buyers must be accompanied by an agent. All parties are asked to wear a mask. Booties will be provided.

Listed by Keller Williams Realty

MLS Number 1520929

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

Welcome to Portland's East End! This Morning Street 3-unit is perched prominently at the corner of Morning & Congress, looking down the Street's last block to the Eastern Promenade Park and out onto Casco Bay. Under the watchful eye of responsible long term ownership, all the systems and infrastructure are in excellent condition - the roof, heat, electrical, windows, etc. The apartment interiors have benefitted from some upgrades over the years, and are in perfectly fine and rentable shape. However, Buyers with creative vision will be excited and eager to lend their own personal style and modern tastes to the apartments. The opportunity for the next owner is the fun stuff - paint, kitchens, maybe layouts. This is a special property in an incredible location that offers an owner occupant the very best this market has to offer: a chance to live on the East End while also enjoying (or benefiting from) some rental income in one of America's favorite neighborhoods!

Listed by Vitalius Real Estate Group,LLC