NOT LISTED FOR SALE

11 Sherman St Portland, ME 04101

Parkside Neighborhood
-- Bed
5 Baths
5,854 Sq Ft
5,663 Sq Ft Lot

Last Sold February 18, 2021

Last sale price $885,000 $151 Per Sq Ft

5 Days on Market

Highlights

  • Wood Flooring
  • Tankless Water Heater
  • 5-minute walk to Congress Square Park
  • No HOA
  • Heating System Uses Steam

About This Home

As of February 2021

This 5 unit is an incredible investment opportunity in a great in-town location, close to Maine Medical and Mercy. Lovely private fenced in yard, lots of natural light, parking for each unit, hardwood floors and many more amenities. Recent improvements include new fire panel, fire wall in the basement and new dryer. Accessible location to the farmers market, back cove, all the restaurants and shopping Portland has to offer, as well as I-295. Don't miss out on this profitable investment opportunity!

Last Agent to Sell the Property

Chris Lavoie

Keller Williams Realty Listed on: 12/03/2020

Keller Williams Realty

Last Buyer's Agent

Josh Soley

Compass Commercial Brokers, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,147

Year Built

  • Built in 1910

Lot Details

  • 5,663

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 5 Full Bathrooms
  • 5,854 Sq Ft Home
  • Multi-Level Property

Flooring

  • Wood
  • Tile
  • Vinyl

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • Driveway
  • Paved Parking
  • Off-Street Parking

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Heating System Uses Oil
  • Heating System Mounted To A Wall or Window
  • Heating System Uses Steam
  • Tankless Water Heater
  • Water Heated On Demand

Additional Features

  • 5,663 Sq Ft Lot
  • City Lot

Listing and Financial Details

  • Legal Lot and Block 19 / E
  • Assessor Parcel Number PTLD-000036-E000019-000001

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Building Details

  • Operating Expense $22,784
  • Gross Income $88,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,147

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.13
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 5854.0
  • Architectural Style: Multi-Level
  • Garage Yn: No
  • Year Built: 1910
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 0.13
  • Property Information:Total Baths: 5.0
  • Property Information:SqFt Finished Above Grade: 5854.0
  • Property Information:Garage: No
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Water Heater:On Demand: Yes
  • Exterior:Vinyl Siding: Yes
  • Gas:Natural - On Site: Yes
  • Basement:Unfinished: Yes
  • Heat Fuel:Gas Natural: Yes
  • Water Heater:Tankless: Yes
  • Property Information:Number of Units: 5
  • Income Expenses Gross Income: 88000.0
  • Income Expenses Operating Expenses: 22784.0
  • Style:Multi-Level: Yes
  • Heat System:Steam: Yes
  • Heat System:Direct Vent Heater: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full, Interior Entry, Unfinished
  • Full Bathrooms: 5
  • Flooring: Wood, Vinyl, Tile
  • Full Basement: Yes

Exterior Features

  • Lot Features: Sidewalks, Intown, Neighborhood
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved, Off Street

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Steam, 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: 5662.8
  • Parcel #: PTLD-000036-E000019-000001
  • Zoning: R6

Multi Family

  • Number Of Units Total: 5
  • Annual Gross Income: 88000.0
  • Annual Operating Expense: 22784.0

Tax Info

  • Tax Annual Amount: 8147.0
  • Tax Block: E
  • Tax Book Number: 35759
  • Tax Lot: 19
  • Tax Map Number: 36
  • Tax Year: 2020

Range of Values:

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Sold Price
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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
02/18/2021 02/18/21 Sold $885,000 -1.7% $151 / Sq Ft
12/09/2020 12/09/20 Pending -- -- --
12/03/2020 12/03/20 For Sale $899,900 +18.4% $154 / Sq Ft
06/28/2019 06/28/19 Sold $760,000 -4.4% $130 / Sq Ft
05/05/2019 05/05/19 Pending -- -- --
03/20/2019 03/20/19 For Sale $795,000 -- $136 / Sq Ft
Source: Maine Listings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Chris Lavoie

    Seller's Agent in 2021

    Chris Lavoie

    Keller Williams Realty

    (207) 209-7390

    3 in this area

    107 Total Sales

    Chris Lavoie
    Section Image

  • J

    Buyer's Agent in 2021

    Josh Soley

    Compass Commercial Brokers, LLC

  • T

    Seller's Agent in 2019

    Tyson Wilkins

    Portside Real Estate Group

  • C

    Buyer's Agent in 2019

    Christopher Lavoie

    Keller Williams Realty

See All Agents

Map

Source: Maine Listings

MLS Number: 1477479

Maine Listings

Maine Cumberland County Portland 04101 Parkside

11 Sherman St, Portland, ME

This home is located at 11 Sherman St, Portland, ME 04101 since 03 December 2020. This property was built in 1910. 11 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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