NOT LISTED FOR SALE

27 Morning St Portland, ME 04101

East End Neighborhood
-- Bed
6 Baths
6,524 Sq Ft
2,178 Sq Ft Lot

Last Sold February 05, 2021

Last sale price $1,550,000 $238 Per Sq Ft

183 Days on Market

Highlights

  • Nearby Water Access
  • Country Club
  • Main Floor Bedroom
  • Property Fronts a Bay or Harbor
  • Wood Flooring
  • 3-minute walk to Eastern Promenade Park

About This Home

As of February 2021

Earn cash flow + appreciation with this nice 6 unit apartment building that has had many upgrades and is in good condition. Offering (3) 1 Bedrooms and (3) 2 Bedroom units w/ parking, private decks and amazing water views of the Islands and the Eastern Promenade! Yearly gross income: $126,000 w/ separate electric, newer natural gas boilers and rubber roof . This building is an excellent candidate for a 1031 exchange, Air BnB or take the whole top floor and rent (4) units out.. Why buy a condo when you can have this income producing property!!

Last Agent to Sell the Property

Thomas Gadbois

F.O. Bailey Real Estate Listed on: 09/30/2020

Last Buyer's Agent

Edmund Gardner

Ocean Gate Realty, LLC.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,401

Year Built

  • Built in 1915

Lot Details

  • 2,178 Sq Ft Lot
  • Property Fronts a Bay or Harbor
  • Level Lot

Home Design

  • Wood Frame Construction
  • Membrane Roofing
  • Vinyl Siding

Interior Spaces

  • 6,524 Sq Ft Home
  • 3-Story Property
  • Water Views

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 6 Full Bathrooms
  • Bathtub

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Parking

  • Driveway
  • Paved Parking
  • Off-Street Parking

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Heating System Uses Steam
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Nearby Water Access
  • Property is near a golf course

Listing and Financial Details

  • Legal Lot and Block 16 / C
  • Assessor Parcel Number PTLD-000003-000000-C016001

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Amenities

  • Coin Laundry

Recreation

  • Country Club

Building Details

  • Operating Expense $18,975
  • Gross Income $126,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,401

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.05
  • Road Surface Type: Paved
  • Water Body Name: Casco Bay
  • MLS Status: Closed
  • Directions: Congress St to Morning St
  • Above Grade Finished Sq Ft: 6524.0
  • Architectural Style: Other Style
  • Garage Yn: No
  • Building Stories: 3
  • Year Built: 1915
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.05
  • Property Information:Total Baths: 6.0
  • Property Information:SqFt Finished Above Grade: 6524.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Cooling:None3: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Water Heater:Gas: Yes
  • Exterior:Vinyl Siding: Yes
  • Gas:Natural - On Site: Yes
  • Basement:Unfinished: Yes
  • Heat Fuel:Gas Natural: Yes
  • Property Information:Number of Units: 6
  • Building Info:_pound_ Stories2: 3
  • Income Expenses Gross Income: 126000.0
  • Income Expenses Operating Expenses: 18975.0
  • Heat System:Steam: Yes
  • Amenities:Bathtub: Yes
  • Recreational Water:Nearby: Yes
  • Equipment:Cable: Yes
  • Location:Near Country Club: Yes
  • Roof:Membrane: Yes
  • Amenities:Laundry - Coin: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Has Basement: Full, Exterior Entry, Bulkhead, Unfinished
  • Full Bathrooms: 6
  • Fireplace: No
  • Flooring: Wood, Vinyl
  • Interior Amenities: 1st Floor Bedroom, Bathtub
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Sidewalks, Near Golf Course, Near Shopping, Neighborhood
  • Waterfront Features: Bay
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Roof: Membrane

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved, Off Street

Utilities

  • Laundry Features: Laundry - Coin
  • Cooling: None
  • Cooling Y N: No
  • Heating: Steam
  • 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-000003-000000-C016001
  • Zoning: R-6

Multi Family

  • Number Of Units Total: 6
  • Annual Gross Income: 126000.0
  • Annual Operating Expense: 18975.0

Tax Info

  • Tax Annual Amount: 9401.0
  • Tax Block: C
  • Tax Book Number: 35794
  • Tax Lot: 16
  • Tax Map Number: 3
  • Tax Year: 2019

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
02/05/2021 02/05/21 Sold $1,550,000 -8.6% $238 / Sq Ft
10/15/2020 10/15/20 Pending -- -- --
04/14/2020 04/14/20 For Sale $1,695,000 +18.9% $260 / Sq Ft
07/11/2019 07/11/19 Sold $1,425,000 -10.7% $228 / Sq Ft
07/10/2019 07/10/19 Pending -- -- --
07/10/2019 07/10/19 For Sale $1,595,000 +115.5% $255 / Sq Ft
10/10/2014 10/10/14 Sold $740,000 -6.9% $118 / Sq Ft
07/13/2014 07/13/14 Pending -- -- --
07/02/2014 07/02/14 For Sale $795,000 -- $127 / Sq Ft
Source: Maine Listings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Thomas Gadbois

    Seller's Agent in 2021

    Thomas Gadbois

    F.O. Bailey Real Estate

    (207) 409-8339

    7 in this area

    146 Total Sales

    Thomas Gadbois
    Section Image

  • E

    Buyer's Agent in 2021

    Edmund Gardner

    Ocean Gate Realty, LLC.

  • Edmund Gardner III

    Buyer's Agent in 2021

    Edmund Gardner III

    Gardner Real Estate Group

    (207) 415-4493

    13 in this area

    208 Total Sales

    Edmund Gardner III
    Section Image
  • John Hatcher

    Seller's Agent in 2014

    John Hatcher

    Keller Williams Realty

    (207) 775-2121

    7 in this area

    236 Total Sales

    John Hatcher
    Section Image

  • M

    Seller Co-Listing Agent in 2014

    Michael Papi

    Keller Williams Realty

  • Brit Vitalius

    Buyer's Agent in 2014

    Brit Vitalius

    Vitalius Real Estate Group, LLC

    (207) 318-2555

    22 in this area

    176 Total Sales

    Brit Vitalius
    Section Image
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Map

Source: Maine Listings

MLS Number: 1449460

Maine Listings
Maine Cumberland County Portland 04101 East End

27 Morning St, Portland, ME

This home is located at 27 Morning St, Portland, ME 04101 since 30 September 2020. This property was built in 1915. 27 Morning St is a home located in Cumberland County with nearby schools including East End Community School, King Middle School, and Baxter Academy for Tech & Sciences.

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