22 Bailey Ave Portland, ME 04103
Riverton NeighborhoodEstimated payment $4,346/month
Highlights
- Colonial Architecture
- Wood Flooring
- Porch
- Deck
- No HOA
- Double Pane Windows
About This Home
Well-maintained 2-unit on a corner lot in a highly convenient Portland location, offering the perfect opportunity for an owner-occupant looking to offset living expenses. Built in 1924, this property blends classic character with functional living, featuring bright, sun-filled interiors and over 2,100 square feet of space.
The building offers a first-floor 2-bedroom unit and a spacious 3-bedroom unit that spans the second and third floors, complete with a dedicated dining room and a layout that lives much like a single-family home. This setup provides excellent flexibility to live comfortably in one unit while renting the other. Both units have separate utilities, making management simple and expenses easy to control.
Situated on a corner lot, the property benefits from excellent natural light and a more open feel. Outside, you'll find yard space, a deck for relaxing or entertaining, and off-street parking, giving you the benefits of a single-family feel with added income potential.
Located with easy access to I-295, I-95, and downtown Portland, as well as nearby shopping and restaurants, this is an ideal setup for someone looking to enjoy Portland living while having rental income help offset expenses.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,967
Year Built
- Built in 1924
Lot Details
- 10,019 Sq Ft Lot
Home Design
- Duplex
- Colonial Architecture
- Shingle Roof
Interior Spaces
- 2 Full Bathrooms
- 2,122 Sq Ft Home
- Double Pane Windows
- Doghouse Basement Entry
Flooring
- Wood
- Vinyl
Outdoor Features
- Deck
- Porch
Utilities
- No Cooling
- Heating System Mounted To A Wall or Window
Listing and Financial Details
- Legal Lot and Block 007 / G
- Assessor Parcel Number PTLD-000332-G000003-000001
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- Operating Expense $7,640
- Gross Income $49,417
Map
Home Values in the Area
Average Home Value in this Area
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 | $4,800 | $319,800 | $62,200 | $257,600 |
| 2023 | $4,608 | $319,800 | $62,200 | $257,600 |
| 2022 | $4,352 | $319,800 | $62,200 | $257,600 |
| 2021 | $4,154 | $319,800 | $62,200 | $257,600 |
| 2020 | $4,016 | $172,300 | $62,200 | $110,100 |
| 2019 | $4,016 | $172,300 | $62,200 | $110,100 |
| 2018 | $3,323 | $172,300 | $62,200 | $110,100 |
| 2017 | $3,730 | $172,300 | $62,200 | $110,100 |
| 2016 | $3,637 | $172,300 | $62,200 | $110,100 |
| 2015 | $3,555 | $172,300 | $62,200 | $110,100 |
| 2014 | $3,446 | $172,300 | $62,200 | $110,100 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/07/2026 04/07/26 | For Sale | $699,000 | -- | $329 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $178,315 | FHA |
Source: Maine Listings
MLS Number: 1656843
APN: PTLD-000332-000000-G001001
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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