NOT LISTED FOR SALE

241 Spring St Portland, ME 04102

West End Neighborhood
4 Beds
4 Baths
2,824 Sq Ft
2,178 Sq Ft Lot

Last Sold February 15, 2023

Last sale price $690,000 $244 Per Sq Ft

33 Days on Market

Highlights

  • Wood Flooring
  • Walk-In Closet
  • Level Lot
  • No HOA
  • Satellite Dish
  • 2-minute walk to McIntyre Park

About This Home

As of February 2023

Clean, West End 4 unit perfect for an owner-occupant or an Investor looking to add to their portfolio. 241 Spring has excellent long term tenant history and is low maintenance; no plowing and minimal lawn mowing is needed. Each tenant has a separate entrance and natural gas Rinnai heaters so tenants pay their own utilities. The building has been tastefully updated and well-maintained over its 20-year ownership (see attached list of improvements). Some units have new replacement windows and ample storage closets. Two units are exempt from the rent control ordinance and 2 units have been notified of rent increases in 2023. Located a short walk to local restaurants Chaval, Ruby's, and neighborhood favorites Rosemont Bakery & Market and Chocolats Passion!

Last Agent to Sell the Property

Erin Oldham Susan Kendeigh

Portside Real Estate Group Listed on: 12/02/2022

Last Buyer's Agent

Daniel Weber

Portside Real Estate Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,374

Year Built

  • Built in 1885

Lot Details

  • 2,178 Sq Ft Lot
  • Level Lot

Home Design

  • Flat Roof Shape
  • Brick Foundation
  • Concrete Foundation
  • Stone Foundation
  • Slab Foundation
  • Wood Frame Construction
  • Membrane Roofing
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,824 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • Walk-In Closet
  • 4 Full Bathrooms
  • Shower Only

Basement

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

Parking

  • No Driveway
  • On-Street Parking

Location

  • City Lot

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Heating System Mounted To A Wall or Window
  • Gas Water Heater
  • Internet Available
  • Satellite Dish

Listing and Financial Details

  • Legal Lot and Block 38 / G
  • Assessor Parcel Number PTLD-000056-G000038-000001

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Operating Expense $13,500
  • Gross Income $54,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,374

Year Built

Built in 1885

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.05
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 2824.0
  • Architectural Style: Multi-Level
  • Garage Yn: No
  • Building Stories: 2
  • Year Built: 1885
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 0.05
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 2824.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Cooling:None3: 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
  • Water Heater:Gas: Yes
  • Exterior:Vinyl Siding: Yes
  • Gas:Natural - On Site: Yes
  • Amenities:One-Floor Living: Yes
  • Amenities:Shower: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Heat Fuel:Gas Natural: Yes
  • Amenities:Walk-in Closets: Yes
  • Floors:Laminate: Yes
  • Property Information:Number of Units: 4
  • Foundation Materials:BrickMortar2: Yes
  • Foundation Materials:Stone: Yes
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 54900.0
  • Income Expenses Operating Expenses: 13500.0
  • Style:Multi-Level: Yes
  • Basement:Slab2: Yes
  • Basement:BrickMortar: Yes
  • Driveway:No Driveway: Yes
  • Equipment:Satellite Dish: Yes
  • Heat System:Direct Vent Heater: Yes
  • Parking:No Parking: Yes
  • Roof:Membrane: Yes
  • Parking:On Street: Yes
  • Roof:Flat: Yes
  • Building Info:_pound_ Floors3: 2
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Brick/Mortar, Full, Interior Entry
  • Full Bathrooms: 4
  • Fireplace: No
  • Flooring: Wood, Vinyl, Laminate, Carpet
  • Interior Amenities: One-Floor Living, Shower, Walk-In Closet(s)
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Sidewalks, Intown, Near Shopping, Neighborhood
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Stone, Concrete Perimeter, Slab, Brick/Mortar
  • Roof: Flat, Membrane

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Driveway, None, On Street

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: 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: 2178.0
  • Parcel #: PTLD-000056-G000038-000001
  • Zoning: R6

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 54900.0
  • Annual Operating Expense: 13500.0

Tax Info

  • Tax Annual Amount: 9374.0
  • Tax Block: G
  • Tax Book Number: 20241
  • Tax Lot: 38
  • Tax Map Number: 56
  • Tax Year: 2021

Range of Values:

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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
02/15/2023 02/15/23 Sold $690,000 -- $244 / Sq Ft
Source: Maine Listings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2023

    Erin Oldham Susan Kendeigh

    Portside Real Estate Group

    Section Image

  • D

    Buyer's Agent in 2023

    Daniel Weber

    Portside Real Estate Group

See All Agents

Map

Source: Maine Listings

MLS Number: 1548955

Maine Listings

APN: PTLD 056-G038001

Maine Cumberland County Portland 04102 West End

241 Spring St, Portland, ME

This home is located at 241 Spring St, Portland, ME 04102 since 02 December 2022. This property was built in 1885. 241 Spring St is a home located in Cumberland County with nearby schools including Reiche Community School, King Middle School, and Baxter Academy for Tech & Sciences.

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.

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