PRICE IMPROVMENT - Rare 21 unit on the Peninsula

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30821455
Property Subtypes: Low-Rise/Garden
Status: Pending
Number of Units: 21 Units
Building Size (RSF): 14,493 SF
Gross Building Area: See Agent
Sale Price: $4,700,000
Unit Price: $223,809.52 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 7.12%
Last Updated: 4/12/2024

Overview / Comments

We are pleased to present for sale 36- 38 State Street here in Portland, ME. This well maintained 21 unit apartment building with on site parking represents a very rare investment opportunity to secure on long term asset on the Portland Peninsula. Excellent rental history, professionally managed and currently 100% occupied.

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: 44-C-13-14
Zoning: R6
Property Condition: Good
Number of Stories: 3
Year Built: 1900

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 20,920 74,013 113,112
Median Age: 35.15 37.92 39.28
Households: 11,219 34,491 50,812


Photograph of Listing Agent

Charles W. Day

Porta & Co.
NECPE Member
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