NOT LISTED FOR SALE

126 Spring St Portland, ME 04101

West End Neighborhood
-- Bed
6 Baths
3,694 Sq Ft
2,178 Sq Ft Lot

Last Sold April 05, 2021

Last sale price $790,000 $214 Per Sq Ft

70 Days on Market

Highlights

  • Wood Flooring
  • Cooling Available
  • Asbestos
  • No HOA
  • Heating System Uses Steam
  • 3-minute walk to Congress Square Park

About This Home

As of April 2021

Offering six spacious studio apartment units, this is an incredible investment opportunity in a great location. The property is located in a charming West End neighborhood. Situated between the famous Old Port and Portland Museum of Art and Downtown, it's a very short walk to Portland's most prominent locations. Coin-op laundry for added income. Improvements include new washer & dryer, new rock backyard and Unit #2 was recently renovated with new floor, painted, new bathroom vanity and more.

Last Agent to Sell the Property

Chris Lavoie

Keller Williams Realty Listed on: 11/12/2020

Keller Williams Realty

Last Buyer's Agent

Shea McGonigal

Beacon Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,217

Year Built

  • Built in 1915

Lot Details

  • 2,178

Parking

  • No Driveway

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Asbestos Siding
  • Shingle Siding
  • Asbestos

Interior Spaces

  • 6 Full Bathrooms
  • 3,694 Sq Ft Home
  • Multi-Level Property

Flooring

  • Wood
  • Carpet
  • Vinyl

Unfinished Basement

  • Walk-Out Basement
  • Interior and Exterior Basement Entry

Utilities

  • Cooling Available
  • Radiator
  • Heating System Uses Natural Gas
  • Heating System Uses Steam
  • Electric Water Heater

Additional Features

  • 2,178 Sq Ft Lot
  • City Lot

Listing and Financial Details

  • Legal Lot and Block 2 / D
  • Assessor Parcel Number PTLD-000039-D000002-000001

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Building Details

  • Operating Expense $15,367
  • Gross Income $76,131

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,217

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.05
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 3694.0
  • Architectural Style: Multi-Level
  • Garage Yn: No
  • Year Built: 1915
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 230.1
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.05
  • Property Information:Total Baths: 6.0
  • Property Information:SqFt Finished Above Grade: 3694.0
  • Property Information:Garage: No
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Basement:Walkout Access: Yes
  • Exterior:Shingle Siding: Yes
  • Roof:Shingle: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Gas:Natural - On Site: Yes
  • Water Heater:Electric2: Yes
  • Basement:Unfinished: Yes
  • Heat Fuel:Gas Natural: Yes
  • Property Information:Number of Units: 6
  • Income Expenses Gross Income: 76131.0
  • Income Expenses Operating Expenses: 15367.0
  • Style:Multi-Level: Yes
  • Heat System:Steam: Yes
  • Driveway:No Driveway: Yes
  • Heat System:Radiator: Yes
  • Exterior:Asbestos: Yes
  • Advertising Remarks:Advertising Remarks: Offering six spacious studio apartment units, this is an incredible investment opportunity in a great location. The property is located in a charming West End neighborhood. Situated between the famous Old Port and Portland Museum of Art and Downtown, it's a very short walk to Portland's most prominent locations. Coin-op laundry for added income. Improvements include new washer & dryer, new rock backyard and Unit #2 was recently renovated with new floor, painted, new bathroom vanity and more.
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Walk-Out Access, Exterior Entry, Bulkhead, Interior Entry, Unfinished
  • Full Bathrooms: 6
  • Flooring: Wood, Vinyl, Carpet

Exterior Features

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

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Driveway

Utilities

  • Cooling: Other
  • Cooling Y N: Yes
  • Heating: Steam, Radiator
  • 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: 2178.0
  • Parcel #: PTLD-000039-D000002-000001
  • Zoning: B3

Multi Family

  • Number Of Units Total: 6
  • Annual Gross Income: 76131.0
  • Annual Operating Expense: 15367.0

Tax Info

  • Tax Annual Amount: 7217.0
  • Tax Block: D
  • Tax Lot: 2
  • Tax Year: 2020

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
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 List to Sale Price per Sq Ft Prior Sale
04/05/2021 04/05/21 Sold $790,000 -9.7% $214 / Sq Ft
01/22/2021 01/22/21 Pending -- -- --
11/12/2020 11/12/20 For Sale $875,000 +21.5% $237 / Sq Ft
03/02/2020 03/02/20 Sold $720,000 0.0% $264 / Sq Ft View Prior Sale
02/06/2020 02/06/20 Pending -- -- --
01/28/2020 01/28/20 For Sale $720,000 -- $264 / Sq Ft
Source: Maine Listings

Tax History Compared to Growth

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 $11,406 $759,900 $218,600 $541,300
2023 $10,950 $759,900 $218,600 $541,300
2022 $10,342 $759,900 $218,600 $541,300
2021 $9,871 $759,900 $218,600 $541,300
2020 $7,217 $309,600 $109,300 $200,300
2019 $7,217 $309,600 $109,300 $200,300
2018 $6,703 $309,600 $109,300 $200,300
2017 $6,703 $309,600 $109,300 $200,300
2016 $6,536 $309,600 $109,300 $200,300
2015 $6,387 $309,600 $109,300 $200,300
2014 $6,192 $309,600 $109,300 $200,300
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

    100 Total Sales

    Chris Lavoie
    Section Image

  • S

    Buyer's Agent in 2021

    Shea McGonigal

    Beacon Realty

    (207) 749-7387

    2 in this area

    36 Total Sales

    Shea McGonigal
    Section Image
  • Vince Ciampi

    Seller's Agent in 2020

    Vince Ciampi

    Porta & Company

    (207) 756-4563

    2 in this area

    9 Total Sales

    Vince Ciampi
    Section Image

  • C

    Buyer's Agent in 2020

    Christopher Lavoie

    Keller Williams Realty

See All Agents

Map

Source: Maine Listings

MLS Number: 1475933

Maine Listings
Maine Cumberland County Portland 04101 West End

126 Spring St, Portland, ME

Not Listed for Sale

MultiFamily

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