263, 267 & 273 Cumberland Avenue, Portland

Multi-Family for Sale
Also listed as Vacant Land
Catylist Listing ID: 30873431
Property Subtypes: Mid-Rise
Number of Units: 59 Units
Building Size (RSF): 16,248 SF
Gross Building Area: See Agent
Gross Land Area: 10,497 SF
Sale Price: $4,700,000
Unit Price: $79,661.02 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/10/2024

Overview / Comments

We are pleased to offer a portfolio of rooming houses for sale in Downtown Portland. 263 Cumberland Avenue consists of 16 rooms, 267 Cumberland Avenue is a 4,510 SF vacant lot, and 273 Cumberland Avenue consists of 43 rooms. These units are not regulated by rent control. Additionally, there were approvals to build a new 89 unit mid-rise rooming house at 267 and 263 Cumberland Avenue. There is a complete set of construction drawings and approvals could easily be reinstated.

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: Map 26, Block F, Lot 8, 15 & 16
Zoning: B2

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 26,297 77,804 111,093
Median Age: 33.75 38.13 39.15
Households: 13,638 36,203 50,070


Photograph of Listing Agent

Frank O'Connor

The Dunham Group NECPE Member
© Copyright 2024 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.