NOT LISTED FOR SALE

3 Sherbrooke St Portland, ME 04101

East End Neighborhood
2 Beds
10 Baths
8,976 Sq Ft
6,534 Sq Ft Lot

Last Sold April 13, 2022

Last sale price $2,650,000 $295 Per Sq Ft

5 Days on Market

Highlights

  • Ocean Front
  • Public Beach
  • Deck
  • Nearby Water Access
  • 0.15 Acre Lot
  • Wood Flooring

About This Home

As of April 2022

Ten Unit apartment building on Munjoy Hill with possibly the best views in the city. Unique opportunity in this tight inventory market to own a 100% occupied building in the most desirable part of the city. Amazing panoramic vistas of Casco Bay, Munjoy Hill Observatory, and Downtown Portland. Large penthouse unit with rooftop deck and wet bar. Potential for redevelopment, condo conversion, upgrading units, and possibly adding another level. Most apartments have original character with wood floors, moldings, high ceilings, and private decks. Located on the East End with easy walk to restaurants, shops, East End Beach, Portland Trail System, the India Street corridor, and the Old Port. Also listed Commercial MLS #1520910

Last Agent to Sell the Property

Jeffrey Davis

Town & Shore Real Estate Listed on: 03/03/2022

Last Buyer's Agent

Erin Oldham Susan Kendeigh

Portside Real Estate Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $28,275

Year Built

  • Built in 1910

Lot Details

  • 6,534 Sq Ft Lot
  • Ocean Front
  • Property Fronts a Bay or Harbor
  • Public Beach
  • Corner Lot
  • Level Lot

Parking

  • No Driveway

Property Views

  • Water
  • Scenic Vista

Home Design

  • Victorian Architecture
  • Flat Roof Shape
  • Brick Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Membrane Roofing
  • Vinyl Siding

Interior Spaces

  • 10 Full Bathrooms
  • 8,976 Sq Ft Home
  • 3-Story Property
  • Double Pane Windows
  • Laundry on main level

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Outdoor Features

  • Nearby Water Access
  • Deck

Location

  • City Lot

Utilities

  • No Cooling
  • Radiator
  • Heating System Uses Natural Gas
  • Heating System Uses Steam
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 005 / H
  • Assessor Parcel Number PTLD-000016-H000005-000001

Community Details

Overview

  • No Home Owners Association
  • 10 Units

Amenities

  • Coin Laundry

Building Details

  • Operating Expense $38,400
  • Gross Income $176,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$28,275

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.15
  • Road Surface Type: Paved
  • Water Body Name: Casco Bay
  • MLS Status: Closed
  • Directions: Congress Street to Fore Street to St. Lawrence to Sherbrooke St. Corner of Sherbrooke and St. Lawrence.
  • Above Grade Finished Sq Ft: 8976.0
  • Architectural Style: Multi-Level, Victorian
  • Garage Yn: No
  • Efficiency: Double Pane Windows
  • Year Built: 1910
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 289.1
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.15
  • Property Information:Total Baths: 10.0
  • Property Information:SqFt Finished Above Grade: 8976.0
  • Property Information:Garage: No
  • Site:Corner Lot: Yes
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Tile2: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Basement Entry:Walk-Out: Yes
  • Exterior:Vinyl Siding: Yes
  • Gas:Natural - On Site: Yes
  • Basement:Unfinished: Yes
  • Heat Fuel:Gas Natural: Yes
  • Floors:Laminate: Yes
  • Property Information:Number of Units: 10
  • Foundation Materials:BrickMortar2: Yes
  • Foundation Materials:Stone: Yes
  • Income Expenses Gross Income: 176700.0
  • Income Expenses Operating Expenses: 38400.0
  • Style:Multi-Level: Yes
  • Location:Near Public Beach: Yes
  • Heat System:Steam: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Property Information:Short Sale Continue to Show: No
  • Recreational Water:Nearby: Yes
  • Equipment:Internet Access Available: Yes
  • Driveway:No Driveway: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Equipment:Cable: Yes
  • View:Scenic: Yes
  • Energy Efficiency:Double Pane Windows: Yes
  • Parking:No Parking: Yes
  • Heat System:Radiator: Yes
  • Roof:Membrane: Yes
  • Roof:Flat: Yes
  • Building Info:_pound_ Floors3: 3
  • Amenities:Laundry - Coin: Yes
  • Advertising Remarks:Advertising Remarks: Ten Unit apartment building on Munjoy Hill with possibly the best views in the city. Unique opportunity in this tight inventory market to own a 100% occupied building in the most desirable part of the city. Amazing panoramic vistas of Casco Bay, Munjoy Hill Observatory, and Downtown Portland. Large penthouse unit with rooftop deck and wet bar. Potential for redevelopment, condo conversion, upgrading units, and possibly adding another level. Most apartments have original character with wood floors, moldings, high ceilings, and private decks. Located on the East End with easy walk to restaurants, shops, East End Beach, Portland Trail System, the India Street corridor, and the Old Port.
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full, Interior Entry, Walk-Out Access, Unfinished
  • Full Bathrooms: 10
  • Flooring: Wood, Tile, Laminate, Carpet
  • Stories: 3
  • Full Basement: Yes

Exterior Features

  • Lot Features: Corner Lot, Level, Sidewalks, Intown, Near Public Beach, Near Shopping, Neighborhood
  • View: Scenic
  • Waterfront Features: Harbor, Ocean
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Stone, Brick/Mortar
  • Patio And Porch Features: Deck
  • Roof: Flat, Membrane
  • Patio And Porch Features:Deck: Yes

Garage/Parking

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

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level, Laundry - Coin
  • Cooling: None
  • Cooling Y N: No
  • Heating: Steam, Radiator
  • 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: 6534.0
  • Parcel #: PTLD-000016-H000005-000001
  • Zoning: R6

Multi Family

  • Number Of Units Total: 10
  • Annual Gross Income: 176700.0
  • Annual Operating Expense: 38400.0

Tax Info

  • Tax Annual Amount: 28275.0
  • Tax Block: H
  • Tax Lot: 005
  • Tax Year: 2021

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 List to Sale Price per Sq Ft
04/13/2022 04/13/22 Sold $2,650,000 +2.1% $295 / Sq Ft
03/09/2022 03/09/22 Pending -- -- --
03/03/2022 03/03/22 For Sale $2,595,000 -- $289 / Sq Ft
Source: Maine Listings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jeffrey Davis

    Seller's Agent in 2022

    Jeffrey Davis

    Town & Shore Real Estate

    (207) 233-9423

    2 in this area

    146 Total Sales

    Jeffrey Davis
    Section Image

  • E

    Buyer's Agent in 2022

    Erin Oldham Susan Kendeigh

    Portside Real Estate Group

    Section Image
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Map

Source: Maine Listings

MLS Number: 1520908

Maine Listings
Maine Cumberland County Portland 04101 East End

3 Sherbrooke St, Portland, ME

Not Listed for Sale

MultiFamily

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