Multi-Family For Sale

Multi-Family for Sale
Catylist Listing ID: 30873412
Property Subtypes: Mid-Rise, Other
Number of Units: 6 Units
Building Size (RSF): 6,736 SF
Gross Building Area: See Agent
Gross Land Area: 0.12 Acres
Sale Price: $1,495,000
Unit Price: $249,166.67 Per Unit
Property Use Type: Investment
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 7/2/2024

Overview / Comments

With expansive city skyline, sunset, Back Cove and Mount Washington views, this elevated site and six unit building offer some very rare opportunities. This 'secret' location is one you likely never knew existed and just outside the very center of Portlan's East End. Just two blocks from the hip and happening inner Washington Ave, a few blocks from the Eastern Prom and Old Port locations don't come more desirable or convenient.. As you pull off North St, you seem to enter another world - or, more accurately - step back in time. It's remarkable that this peaceful place exists in one of Maine's most populated areas. Outside, there is parking for six. Upper levels offer sensational city and sunset views, and the roof is ready for more. The property can be combined with 47 Cumberland Ave (single family on +/-.31 areas). There are multi-families, and then there are investment opportunities - this is both, and the possibilities are only limited by your imagination. Shown by appointment Monday - Friday between 10AM and 4PM.

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: PTLD-000013-K000050-000001
Zoning: R6
Percent Occupied: 100%
Roof Type: Flat
Construction/Siding: Vinyl Siding
Heat Type: Electricity, Natural Gas
Heat Source: Heat Pump, Other
Fuel: Gas
Internet Access: Cable
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,012 72,144 114,596
Median Age: 33.67 37.74 39.33
Households: 5,851 34,010 51,266

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