NOT LISTED FOR SALE

1 Sherman St Portland, ME 04101

Parkside Neighborhood
-- Bed
8 Baths
7,056 Sq Ft
4,792 Sq Ft Lot

Last Sold January 31, 2024

Last sale price $1,250,000 $177 Per Sq Ft

11 Days on Market

Highlights

  • Property is near public transit
  • New Englander Architecture
  • No HOA
  • Wood Flooring
  • Corner Lot
  • 5-minute walk to Congress Square Park

About This Home

As of January 2024

A classic peninsula building that's clean, organized, well run & turnkey. This fully rented 8 unit offers 4 One bedroom apartments, 3 Two bedroom apartments and a third floor Three bedroom penthouse apartment with skylights and views. Convenient location near Deering Oaks Park, mostly all updated units, newer windows, brand new natural gas furnace, insulated & dry full basement, clean hallways, easy vinyl siding, managed coin operated laundry on site, hardwood floors & some charming features that all come together to make living as well as owning easeful, comfortable & enjoyable. Separated electrical & natural gas for cook stoves. Some off street parking. A unique and great opportunity to start or grow your investment portfolio with a solid, well maintained and stable property.

Last Agent to Sell the Property

Leanne Barschdorf Nichols

Keller Williams Realty Listed on: 01/02/2024

Keller Williams Realty

Last Buyer's Agent

Lauren Jones

F.O. Bailey Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,222

Year Built

  • Built in 1910

Lot Details

  • 4,792 Sq Ft Lot
  • Corner Lot
  • Open Lot

Home Design

  • New Englander Architecture
  • Brick Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 8 Full Bathrooms
  • 7,056 Sq Ft Home
  • 3-Story Property

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Brick Basement
  • Exterior Basement Entry
  • Dirt Floor

Parking

  • Common or Shared Parking
  • Gravel Driveway
  • Shared Driveway
  • On-Street Parking
  • On-Site Parking
  • Off-Street Parking

Location

  • Property is near public transit
  • City Lot

Utilities

  • No Cooling
  • Zoned Heating
  • Radiator
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Hot Water Heating System
  • Gas Water Heater

Listing and Financial Details

  • Legal Lot and Block 21 / E
  • Assessor Parcel Number PTLD-000036-E000021-000001

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Amenities

  • Coin Laundry

Building Details

  • Operating Expense $47,076
  • Gross Income $141,264

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,222

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.11
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: From Deering Oaks Park take State Street to left onto Cumberland Ave to Left onto High Street to left onto Sherman, 1-3 Sherman Street on Right, on corner of High and Sherman. Park on Street.
  • Above Grade Finished Sq Ft: 7056.0
  • Architectural Style: Multi-Level, New Englander
  • Garage Yn: No
  • Building Stories: 3
  • Year Built: 1910
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 0.11
  • Property Information:Total Baths: 8.0
  • Property Information:SqFt Finished Above Grade: 7056.0
  • Property Information:Garage: No
  • Site:Corner Lot: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Basement:Walkout Access: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Walk-Out: Yes
  • Water Heater:Gas: Yes
  • Exterior:Vinyl Siding: Yes
  • Gas:Natural - On Site: Yes
  • Driveway:Common2: Yes
  • Basement:Unfinished: Yes
  • Heat Fuel:Gas Natural: Yes
  • Floors:Laminate: Yes
  • Property Information:Number of Units: 8
  • Foundation Materials:BrickMortar2: Yes
  • Heat System:Multi-Zones: Yes
  • Building Info:_pound_ Stories2: 3
  • Income Expenses Gross Income: 141264.0
  • Income Expenses Operating Expenses: 47076.0
  • Parking:On Site2: Yes
  • Style:Multi-Level: Yes
  • Basement:Dirt Floor: Yes
  • Property Information:Short Sale Continue to Show: No
  • Basement:BrickMortar: Yes
  • Driveway:Gravel: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Heat System:Radiator: Yes
  • Basement Entry:Exterior Only: Yes
  • Style:New Englander: Yes
  • Parking:On Street: Yes
  • Transportation:Public Transport Access: Yes
  • Building Info:_pound_ Floors3: 3
  • Amenities:Laundry - Coin: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Has Basement: Brick/Mortar, Dirt Floor, Walk-Out Access, Full, Exterior Only, Unfinished
  • Full Bathrooms: 8
  • Flooring: Wood, Vinyl, Laminate, Carpet
  • Stories: 3
  • Full Basement: Yes

Exterior Features

  • Lot Features: Corner Lot, Open Lot, Sidewalks, Intown, Near Shopping, Neighborhood, Near Public Transit
  • Waterfront: No
  • Exclusions: None
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Brick/Mortar
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Gravel, Common, On Site, Off Street, On Street

Utilities

  • Laundry Features: Laundry - Coin
  • Cooling: None
  • Cooling Y N: No
  • Heating: Radiator, Multi-Zones, Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Portland Public Schools

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4791.6
  • Parcel #: PTLD-000036-E000021-000001
  • Zoning: R6

Multi Family

  • Number Of Units Total: 8
  • Annual Gross Income: 141264.0
  • Annual Operating Expense: 47076.0

Tax Info

  • Tax Annual Amount: 19222.0
  • Tax Block: E
  • Tax Book Number: 28347
  • Tax Lot: 21
  • Tax Map Number: 36
  • Tax Year: 2023

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2024 01/31/24 Sold $1,250,000 -5.7% $177 / Sq Ft
01/14/2024 01/14/24 Pending -- -- --
01/02/2024 01/02/24 For Sale $1,325,000 -- $188 / Sq Ft
Source: Maine Listings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2024

    Leanne Barschdorf Nichols

    Keller Williams Realty

    (207) 653-4353

    1 in this area

    69 Total Sales

    Leanne Barschdorf Nichols
    Section Image
  • Lauren Jones

    Buyer's Agent in 2024

    Lauren Jones

    F.O. Bailey Real Estate

    (207) 781-1111

    2 in this area

    66 Total Sales

    Lauren Jones
    Section Image
See All Agents

Map

Source: Maine Listings

MLS Number: 1579386

Maine Listings

Maine Cumberland County Portland 04101 Parkside

1 Sherman St, Portland, ME

This home is located at 1 Sherman St, Portland, ME 04101 since 02 January 2024. This property was built in 1910. 1 Sherman St is a home located in Cumberland County with nearby schools including Reiche Community School, King Middle School, and Baxter Academy for Tech & Sciences.

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