NOT LISTED FOR SALE
-- Bed
5 Baths
4,754 Sq Ft
10,019 Sq Ft Lot

Last Sold September 02, 2021

Last sale price $770,000 $162 Per Sq Ft

144 Days on Market

Highlights

  • Nearby Water Access
  • Wood Flooring
  • No HOA
  • Property is near public transit
  • New Englander Architecture
  • Baseboard Heating

About This Home

As of September 2021

This South Portland 4 unit is a wonderful investment or owner occupied opportunity with an annual gross rent of $92,000, a great income in a high rental demand location.
During the the covid pandemic, we ask for a 24 hour notice before a showing.

Last Agent to Sell the Property

Gordie Holmes

Direct Real Estate Listed on: 04/16/2021

Last Buyer's Agent

Gordon Holmes

RE/MAX By The Bay

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,588

Year Built

  • Built in 1892

Lot Details

  • 10,019 Sq Ft Lot
  • Level Lot

Home Design

  • New Englander Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Asbestos Siding
  • Asbestos

Interior Spaces

  • 5 Full Bathrooms
  • Finished Basement
  • Interior Basement Entry

Flooring

  • Wood
  • Laminate
  • Tile
  • Vinyl

Parking

  • Common or Shared Parking
  • Shared Driveway
  • Paved Parking

Utilities

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

Additional Features

  • Nearby Water Access
  • Property is near public transit

Listing and Financial Details

  • Tax Lot 140
  • Assessor Parcel Number SPOR-000025-000000-000140

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Operating Expense $17,669
  • Gross Income $92,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,588

Year Built

Built in 1892

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.23
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: 184 Elm St. is located off of Broadway in South Portland
  • Above Grade Finished Sq Ft: 3860.0
  • Architectural Style: New Englander
  • Garage Yn: No
  • Year Built: 1892
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 187.82
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.23
  • Property Information:Total Baths: 5.0
  • Property Information:SqFt Finished Above Grade: 3860.0
  • Property Information:SqFt Finished Below Grade: 894.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Percent Basement Finished: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Cooling:None3: Yes
  • Floors:Tile2: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Heat Fuel:Electric: Yes
  • Driveway:Common2: Yes
  • Water Heater:Electric2: Yes
  • Heat Fuel:Gas Natural: Yes
  • Floors:Laminate: Yes
  • Property Information:Number of Units: 4
  • Income Expenses Gross Income: 92000.0
  • Income Expenses Operating Expenses: 17669.39
  • Gas:Natural - At Street: Yes
  • Recreational Water:Nearby: Yes
  • Heat System:Direct Vent Heater: Yes
  • Exterior:Asbestos: Yes
  • Style:New Englander: Yes
  • Transportation:Public Transport Access: Yes
  • Advertising Remarks:Advertising Remarks: This South Portland 4 unit is a wonderful investment or owner occupied opportunity with an annual gross rent of $92,000, a great income in a high rental demand location. To respect the the wishes of the tenants during the the covid pandemic we are unable to show the property. The seller is prepared to accept a preapproved offer subject to due diligence period in which the property can be made available for inspection as condition of an offer.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Finished, Interior Entry
  • Full Bathrooms: 5
  • Below Grade Sq Ft: 894.0
  • Flooring: Wood, Vinyl, Tile, Laminate

Exterior Features

  • Lot Features: Level, Sidewalks, Near Shopping, Neighborhood, Near Public Transit
  • Waterfront: No
  • Construction Type: Asbestos, Wood Frame
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved, Common

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Direct Vent Heater, Baseboard
  • 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: 10018.8
  • Parcel #: SPOR-000025-000000-000140
  • Zoning: G

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 92000.0
  • Annual Operating Expense: 17669.39

Tax Info

  • Tax Annual Amount: 6587.59
  • Tax Lot: 140
  • Tax Year: 2020

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

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/02/2021 09/02/21 Sold $770,000 +6.2% $162 / Sq Ft
04/27/2021 04/27/21 Pending -- -- --
12/03/2020 12/03/20 For Sale $725,000 +81.3% $153 / Sq Ft
10/13/2017 10/13/17 Sold $400,000 -11.1% $84 / Sq Ft View Prior Sale
08/12/2017 08/12/17 Pending -- -- --
06/19/2017 06/19/17 For Sale $450,000 -- $95 / Sq Ft
Source: Maine Listings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1477417

Maine Listings