Portland 3-Unit

Multi-Family for Sale
Catylist Listing ID: 30855776
Property Subtypes: Mid-Rise
Number of Units: 3 Units
Building Size (RSF): 3,383 SF
Gross Building Area: See Agent
Gross Land Area: 0.80 Acres
Sale Price: $949,000
Unit Price: $316,333.33 Per Unit
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/25/2023

Overview / Comments

This special Portland three-family is the perfect North Deering spot to call home, with the benefit of income from two additional apartments! The rear 2BR ''owner's unit'' is totally secluded from Allen Ave and the other apartments, and features a private heated 2 car garage with direct access to the unit. The living area is an open concept layout with a large deck overlooking a sprawling, well landscaped backyard that is dotted with perennials, mature hardwood and seasonal fruit trees. This apartment has undergone many recent updates, is vacant and ready to move in to. The 2nd apartment is a generous 2BR on the first floor of the main house with high ceilings and ample storage, and is also vacant and ready to be rented to your ideal tenant. The 3rd unit is a townhouse style 3 bedroom occupying the 2nd and 3rd floor of the main house with a fantastic in-place tenant. Separate heating systems, plenty of parking on a newly paved driveway, and expansion potential for 4 more units make this property highly appealing for an owner/investor.


Finance Data Year 2023
Real Estate Taxes - Annual($) $7,560 (Annual)

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: 05170_436 A019
Zoning: R5
Total Number of Buildings: 1
Property Condition: Excellent
Number of Stories: 2
Construction/Siding: Vinyl Siding
Parking Type: Structure, Surface
Parking Description: attached 2-car garage and surface parking
Heat Type: Natural Gas
Heat Source: Other
Fuel: Gas
Water Service: Municipal
Sewer Type: Municipal

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,930 70,622 115,160
Median Age: 38.95 37.81 38.97
Households: 4,661 32,111 51,586


Photograph of Listing Agent

Chris Sullivan

Vitalius Real Estate Group
NECPE Member
© Copyright 2001-2023 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Moody's assume any liability for errors or omissions.