Seller's Agent in 2025
Brit Vitalius
Vitalius Real Estate Group, LLC
(207) 318-2555
1 in this area
175 Total Sales
280 Lincoln St South Portland, ME 04106
Ligonia Neighborhood
--
Bed
7
Baths
9,854
Sq Ft
0.69
Acres
Highlights
- 0.69 Acre Lot
- Baseboard Heating
- Level Lot
- No HOA
- Concrete Flooring
- Wood Siding
About This Home
As of January 2025Located in South Portland's Ligonia neighborhood, this is a unique opportunity to purchase a turnkey 7-unit residential apartment building and a 5,582 SF flex building, currently with 7-commercial tenants. The apartment building is in great condition, with many renovated units, two newer boilers, a brand-new deck, fresh paint and replacement windows. The flex building is divided into 7 studios/workshops, currently occupied by long term artists and ''maker'' tenants on an at-will basis. The owner occupies one of the commercial units as a workshop and can either remain as a tenant or vacate for a new owner. This property is ideal as a fully occupied investment or for an owner-user seeking shop space while offsetting occupancy costs with rental income.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,892
Year Built
- Built in 1900
Lot Details
- 0.69 Acre Lot
- Level Lot
- Open Lot
Home Design
- Flat Roof Shape
- Wood Frame Construction
- Shingle Roof
- Wood Siding
- Clap Board Siding
- Vinyl Siding
- Clapboard
Interior Spaces
- 7 Full Bathrooms
- 9,854 Sq Ft Home
- Multi-Level Property
- Unfinished Basement
- Interior Basement Entry
Flooring
- Laminate
- Concrete
Parking
- Gravel Driveway
- Paved Parking
Utilities
- No Cooling
- Heating System Uses Natural Gas
- Baseboard Heating
Listing and Financial Details
- Tax Lot 106
- Assessor Parcel Number SPOR-000032-000000-000106
Community Details
Overview
- No Home Owners Association
- 14 Units
Building Details
- Operating Expense $50,823
- Gross Income $162,000
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/31/2025 01/31/25 | Sold | $1,400,000 | -5.1% | $142 / Sq Ft |
| 11/04/2024 11/04/24 | Pending | -- | -- | -- |
| 10/15/2024 10/15/24 | Price Changed | $1,475,000 | -6.3% | $150 / Sq Ft |
| 08/07/2024 08/07/24 | For Sale | $1,575,000 | -- | $160 / Sq Ft |
Source: Maine Listings
Tax History Compared to Growth
Agents Affiliated with this Home
-
Brit Vitalius
-
Chris Sullivan
Seller Co-Listing Agent in 2025
Chris Sullivan
Vitalius Real Estate Group, LLC
(207) 730-0884
1 in this area
130 Total Sales
-
Jonathon Stinson
Buyer's Agent in 2025
Jonathon Stinson
Keller Williams Realty
(207) 458-6988
1 in this area
58 Total Sales
Map
Source: Maine Listings
MLS Number: 1599566
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.
© 2025 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.
Homes.com, LLC, 17600 Laguna Canyon Rd Irvine, CA 92618 (888)-952-6393
Nearby Homes
- 15 Curtis St
- 9 Lawn Ave
- 1238 Broadway
- 1236 Broadway
- 21 Peary Terrace
- 27 Pleasant Ave
- 1380 Broadway
- 52 Peary Terrace
- 22 Daytona St
- 25 Minott St Unit 9
- 66 Evans St Unit 3
- 51 Bonnybriar Rd
- Lot B Broadway
- 87 Bonnybriar Rd
- 15 Plover Way Unit 24
- 14 Plover Way Unit 25
- 16 Plover Way Unit 26
- 22 Plover Way Unit 33
- 20 Plover Way Unit 30
- 18 Plover Way Unit 29