$479,900
$70K PRICE DROP

1 Horton Place Portland, ME 04102

Parkside Neighborhood

Estimated payment $2,987/month

Total Views 14,870
-- Bed
2 Baths
1,460 Sq Ft
$329 Price per Sq Ft

Highlights

  • Spa
  • No HOA
  • Heating System Uses Natural Gas
  • Property is near public transit
  • Vinyl Flooring

About This Home

Priced to Sell! Turn key 2 family house. Two 2-bedroom townhouse-style units with one bathroom with room to add sqft. Apt 1 featuring finished basement with separate laundry. Both units have recently undergone extensive renovations such as, new roof, new separate gas heating, flooring, kitchens, bathrooms, paint and electrical upgrades and much more. The property is an excellent choice for owner-occupants and investors currently earning passive 55K income+ with room to grow with owner only paying for water and wifi.

Listing Agent

Eddy Ahmed

Real Broker Listed on: 07/04/2025

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $5,635

Year Built

  • Built in 1900

Home Design

  • Brick Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Vinyl Flooring
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 2 Full Bathrooms
  • Shower Only

Unfinished Basement

  • Partial Basement
  • Doghouse Basement Entry

Parking

  • No Driveway
  • On-Street Parking
  • Off-Site Parking

Location

  • Property is near public transit
  • City Lot

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Heating System Mounted To A Wall or Window
  • Electric Water Heater

Additional Features

  • Spa
  • 871 Sq Ft Lot

Listing and Financial Details

  • Legal Lot and Block E-019-001 / 055
  • Assessor Parcel Number PTLD-000055-E000019-000001

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $9,145
  • Gross Income $55,560

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$5,635

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.02
  • MLS Status: Active
  • Above Grade Finished Sq Ft: 1300.0
  • Architectural Style: Other
  • Garage Yn: No
  • Unit Levels: Multi-Level
  • Structure Type: Duplex, Townhouse
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 369.15
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.02
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1300.0
  • Property Information:SqFt Finished Below Grade: 160.0
  • Property Information:Garage: No
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Cooling:None3: Yes
  • Floors:Vinyl: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Exterior:Vinyl Siding: Yes
  • Gas:Natural - On Site: Yes
  • Water Heater:Electric2: Yes
  • Amenities:Laundry - Hookup: Yes
  • Amenities:Shower: Yes
  • Basement:Unfinished: Yes
  • Heat Fuel:Gas Natural: Yes
  • Basement:Partial: Yes
  • Basement Entry:Doghouse: Yes
  • Property Information:Number of Units: 2
  • Foundation Materials:BrickMortar2: Yes
  • Income Expenses Gross Income: 55560.0
  • Income Expenses Operating Expenses: 9145.0
  • Property Information:Short Sale Continue to Show: No
  • Parking:Off Site: Yes
  • Driveway:No Driveway: Yes
  • Property Information:Deed Restrictions: Unknown
  • Heat System:Direct Vent Heater: Yes
  • Parking:On Street: Yes
  • Transportation:Public Transport Access: Yes
  • Amenities:Hot Tub: Yes
  • Building Info:_pound_ Floors3: 2
  • Advertising Remarks:Advertising Remarks: This property features two 2-bedroom townhouse-style units with one bathroom. Apt 1 featuring finished basement. Both units have recently undergone extensive renovations such as, new roof (2024), Rinnai heaters, flooring, kitchens, bathrooms, paint and electrical upgrades and much more. The property is an excellent choice for owner-occupants looking to significantly offset their mortgage expenses with rental income from the other unit while living in thriving downtown. Property generates 55K income with owner only paying for water and wifi.
  • Property Information 2 Detached Houses on 1 Lot: No
  • Levels:Multi-Level3: Yes
  • Structure Type:Duplex3: Yes
  • Structure Type Townhouse3: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Townhouses

Interior Features

  • Furnished: Furnished
  • Private Spa: Yes
  • Has Basement: Partial, Doghouse, Bulkhead, Unfinished
  • Full Bathrooms: 2
  • Below Grade Sq Ft: 160.0
  • Flooring: Vinyl
  • Interior Amenities: Shower
  • Stories: 2

Exterior Features

  • Lot Features: Sidewalks, Intown, Near Shopping, Near Town, Neighborhood, Near Public Transit
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Brick/Mortar
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Driveway, Off Site, On Street

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Direct Vent Heater
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 871.2
  • Parcel #: PTLD-000055-E000019-000001
  • Zoning: R6

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 55560.0
  • Annual Operating Expense: 9145.0

Tax Info

  • Tax Annual Amount: 5635.0
  • Tax Block: 055
  • Tax Lot: E-019-001
  • Tax Year: 2024

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $5,635 $375,400 $253,500 $121,900
2023 $5,410 $375,400 $253,500 $121,900
2022 $6,782 $498,300 $253,500 $244,800
2021 $6,473 $498,300 $253,500 $244,800
2020 $4,226 $181,300 $108,900 $72,400
2019 $4,226 $181,300 $108,900 $72,400
2018 $4,076 $181,300 $108,900 $72,400
2017 $3,925 $181,300 $108,900 $72,400
2016 $3,827 $181,300 $108,900 $72,400
2015 $3,740 $181,300 $108,900 $72,400
2014 $3,626 $181,300 $108,900 $72,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/15/2025 09/15/25 Price Changed $479,900 -2.0% $329 / Sq Ft
08/25/2025 08/25/25 Price Changed $489,900 -2.0% $336 / Sq Ft
07/04/2025 07/04/25 Price Changed $499,900 0.0% $342 / Sq Ft
07/04/2025 07/04/25 For Sale $499,900 -4.8% $342 / Sq Ft
06/30/2025 06/30/25 Off Market $525,000 -- --
01/23/2025 01/23/25 Price Changed $525,000 -4.5% $360 / Sq Ft
11/13/2024 11/13/24 For Sale $549,900 +52.8% $377 / Sq Ft
06/24/2022 06/24/22 Sold $360,000 -20.0% $247 / Sq Ft View Prior Sale
06/04/2022 06/04/22 Pending -- -- --
05/14/2022 05/14/22 For Sale $450,000 -- $308 / Sq Ft
Source: Maine Listings

Source: Maine Listings

MLS Number: 1609286

Maine Listings

APN: PTLD-000055-000000-E019001

Maine Cumberland County Portland 04102 Parkside

1 Horton Place, Portland, ME

For Sale

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Listing Agent
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Real Broker
(207) 716-0274