22 Bailey Ave Portland, ME 04103
Riverton NeighborhoodEstimated payment $4,288/month
Highlights
- Colonial Architecture
- Property is near golf course, public transit, and shops
- Corner Lot
- Deck
- Wood Flooring
- No HOA
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
- Property fronts a freeway
- Landscaped
- Corner Lot
Home Design
- Duplex
- Colonial Architecture
- Poured Concrete
- Wood Frame Construction
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 2 Full Bathrooms
- 2,122 Sq Ft Home
- 1-Story Property
- Double Pane Windows
- Storage
- Washer Hookup
Flooring
- Wood
- Vinyl
Unfinished Basement
- Basement Fills Entire Space Under The House
- Doghouse Basement Entry
Parking
- Tandem Parking
- Paved Parking
- Off-Street Parking
Outdoor Features
- Deck
- Porch
Utilities
- No Cooling
- Heating System Mounted To A Wall or Window
- Internet Available
- Cable TV Available
Additional Features
- Energy-Efficient Lighting
- Property is near golf course, public transit, and shops
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 |
|---|---|---|---|---|
| 2025 | $5,329 | $444,800 | $118,200 | $326,600 |
| 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 |
|---|---|---|---|---|
| 05/04/2026 05/04/26 | Pending | -- | -- | -- |
| 04/30/2026 04/30/26 | Price Changed | $685,000 | -2.0% | $323 / Sq Ft |
| 04/07/2026 04/07/26 | For Sale | $699,000 | -- | $329 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $178,315 | FHA |
Source: Maine Listings
MLS Number: 1656843
APN: PTLD-000332-000000-G001001
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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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