850 Washington Ave

Multi-Family

850 Washington Ave, Portland, ME 04103

3 photos
Multi-Family For Sale
Asking
$849,000
Available
2,184 SF
Listing Details
Type
Sale
Status
Active
Asking Price
$849,000
Cap Rate
6.49%
List Date
Jun 9, 2026
Days on Market
21
Sale NOI
$55,106
Sale Total Expenses
$14,150
Sale Gross Income
$52,530
Tax Amount
$8,223
Tax Year
2026
Last Verified
Jun 9, 2026

Turnkey Two-Unit Near Downtown Portland & the Roux Institute

Opportunity, flexibility, and location come together at 850 Washington Avenue, a beautifully renovated two-unit property in one of Portland's most exciting growth corridors. Situated on over half an acre, this turnkey investment features two spacious 2-bedroom units, a detached 2-car garage, abundant off-street parking, and an expansive backyard, an increasingly rare find within the city. Both units have been thoughtfully updated with timeless finishes including white cabinetry, granite countertops, updated appliances, stylish bathrooms, and in-unit laundry. Separate gas and electric meters, along with newer boilers, make ownership and management simple and efficient. Whether you're an investor seeking a strong addition to your portfolio, an owner-occupant looking to offset your mortgage with rental income, or a parent searching for housing near Portland's rapidly growing educational and innovation district, this property offers exceptional versatility. Located just minutes from Downtown Portland, Back Cove, Payson Park, Tipo, Monte's Fine Foods, and countless local amenities, the property also benefits from its proximity to the Roux Institute and the transformative investment occurring throughout the surrounding neighborhood. As Portland continues to emerge as a hub for technology, research, education, and entrepreneurship, demand for housing in this area is expected to remain strong. Live in one unit and rent the other. Add a turnkey asset to your investment portfolio. Secure housing for a student, researcher, or professional while building equity in one of Portland's most desirable markets. With updated interiors, strong rental appeal, a large lot, garage parking, and an unbeatable location, 850 Washington Avenue presents an opportunity that is becoming increasingly difficult to find in Portland. A smart investment today--and an exciting opportunity for tomorrow! GROUP SHOWINGS TUES/THURS 1-2 PM

Space Details

Primary Use
Multi-family
Postal Address
850 Washinton Ave
Property Highlights
Type
Multi-Family
Subtype
Low-rise
Building Class
Class C
Size
2,184 SF
Acreage
0.53 Acres
Occupancy Type
Multi Tenant
Year Built
1864
Floors
2
County
Cumberland
Submarket
Off,PD,81
Contact
AP
Andrea PagePrimary
Keller Williams Realty
Location