- Type
- Sale
- Status
- Active
- Asking Price
- $1,200,000
- Price/SF
- $293.69/SF
- List Date
- Aug 13, 2026
- Days on Market
- 27
- Financing Available
- No
- Sale Total Expenses
- $27,181
- Sale Gross Income
- $113,400
- Owner Occupied
- No
- Tax Amount
- $14,292
- Tax Year
- 2026
- Agent Ownership Interest
- No
Welcome to 481 Cumberland: a brick 4-unit with its own private parking lot and move-in ready units, an increasingly hard-to-find combination in Portland. The largest unit is two floors with 2 bedrooms and a den, 1.5 baths, and in-unit laundry. The other three units are trendy 1 bds with lofty ceilings, hardwood floors and authentic historic details. Two of the units have been used as Short Term Rentals, generating significant income for the owners. This property will be delivered vacant, creating maximum flexibility and upside to the buyer. Owner occupants are not rent restricted by Portland's Rent Control - so the buyer can live in one unit and rent the other three at market rate.
Space Details
- Available SF
- 4,086 SF
- Primary Use
- Multi-family residential
- Type
- Multi-Family
- Subtype
- Low-rise
- Building Class
- Class C
- Size
- 3,352 SF
- Number of Units
- 4
- Acreage
- 0.11 Acres
- Occupancy Type
- Multi Tenant
- Year Built
- 1866
- Floors
- 2
- Construction
- Masonry
- Zoning
- R6
- County
- Cumberland
- Type
- Sale
- Status
- Active
- Asking Price
- $1,200,000
- Price/SF
- $293.69/SF
- List Date
- Aug 13, 2026
- Days on Market
- 27
- Financing Available
- No
- Sale Total Expenses
- $27,181
- Sale Gross Income
- $113,400
- Owner Occupied
- No
- Tax Amount
- $14,292
- Tax Year
- 2026
- Agent Ownership Interest
- No
Welcome to 481 Cumberland: a brick 4-unit with its own private parking lot and move-in ready units, an increasingly hard-to-find combination in Portland. The largest unit is two floors with 2 bedrooms and a den, 1.5 baths, and in-unit laundry. The other three units are trendy 1 bds with lofty ceilings, hardwood floors and authentic historic details. Two of the units have been used as Short Term Rentals, generating significant income for the owners. This property will be delivered vacant, creating maximum flexibility and upside to the buyer. Owner occupants are not rent restricted by Portland's Rent Control - so the buyer can live in one unit and rent the other three at market rate.
Space Details
- Available SF
- 4,086 SF
- Primary Use
- Multi-family residential
- Type
- Multi-Family
- Subtype
- Low-rise
- Building Class
- Class C
- Size
- 3,352 SF
- Number of Units
- 4
- Acreage
- 0.11 Acres
- Occupancy Type
- Multi Tenant
- Year Built
- 1866
- Floors
- 2
- Construction
- Masonry
- Zoning
- R6
- County
- Cumberland