44 Hersey St Portland, ME 04103
Back Cove NeighborhoodEstimated payment $5,890/month
Highlights
- Ocean Front
- Public Beach
- Main Floor Bedroom
- Access to Tidal Water
- Wood Flooring
- 4-minute walk to Heseltine Park
About This Home
This successful and well-maintained duplex offers a rare opportunity for both investors and owner-occupants. Currently operating as a short-term rental, the property features two distinct units: a convenient first-floor 1-bedroom, 1-bath unit and a spacious multi-level 4-bedroom, 1.5-bath unit. Blending original Victorian charm with thoughtful modern updates, the home offers a warm, functional layout with strong income-generating potential.
Additional highlights include a walkout partial daylight basement and an oversized one-car garage—ideal for storage or future expansion. A third-floor access door leads to a flat roof, offering an exciting opportunity to create a rooftop deck for stargazing or a raised-bed garden.
Enjoy the fully fenced backyard with a fire pit, a welcoming front porch, and a location that's just steps from popular restaurants, parks, playgrounds, and scenic Baxter Boulevard.
Pre-inspected and ready for its next chapter, this turn-key, character-rich property is your chance to own a flexible, income-producing home in one of Portland's most vibrant neighborhoods.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,677
Year Built
- Built in 1906
Lot Details
- 5,227 Sq Ft Lot
- Ocean Front
- Public Beach
- Landscaped
Parking
- 1 Car Detached Garage
- Automatic Garage Door Opener
- Driveway
- Off-Street Parking
Home Design
- Duplex
- Victorian Architecture
- Brick Foundation
- Concrete Foundation
- Stone Foundation
- Wood Frame Construction
- Shingle Roof
- Membrane Roofing
- Wood Siding
- Clap Board Siding
- Shingle Siding
- Concrete Perimeter Foundation
- Clapboard
Interior Spaces
- 3,154 Sq Ft Home
- 3-Story Property
- 1 Fireplace
- Double Pane Windows
- Storm Doors
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- Main Floor Bedroom
- Bathtub
Laundry
- Laundry on main level
- Washer and Dryer Hookup
Unfinished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Brick Basement
- Doghouse Basement Entry
- Interior Basement Entry
- Dirt Floor
- Natural lighting in basement
Outdoor Features
- Access to Tidal Water
- Nearby Water Access
- Outbuilding
- Porch
Location
- Property is near a golf course
Utilities
- No Cooling
- Zoned Heating
- Heating System Uses Natural Gas
- Heating System Uses Oil
- Baseboard Heating
- Hot Water Heating System
- Internet Available
- Cable TV Available
Listing and Financial Details
- Tax Lot G-18
- Assessor Parcel Number PTLD-000129-G000018-000001
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- Operating Expense $17,781
- Gross Income $97,450
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 |
|---|---|---|---|---|
| 2024 | $8,677 | $578,100 | $144,600 | $433,500 |
| 2023 | $8,330 | $578,100 | $144,600 | $433,500 |
| 2022 | $7,868 | $578,100 | $144,600 | $433,500 |
| 2021 | $7,510 | $578,100 | $144,600 | $433,500 |
| 2020 | $7,282 | $312,400 | $98,800 | $213,600 |
| 2019 | $7,282 | $312,400 | $98,800 | $213,600 |
| 2018 | $7,023 | $312,400 | $98,800 | $213,600 |
| 2017 | $6,763 | $312,400 | $98,800 | $213,600 |
| 2016 | $6,595 | $312,400 | $98,800 | $213,600 |
| 2015 | $6,445 | $312,400 | $98,800 | $213,600 |
| 2014 | $6,248 | $312,400 | $98,800 | $213,600 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/04/2025 08/04/25 | Price Changed | $950,000 | -2.6% | $301 / Sq Ft |
| 07/02/2025 07/02/25 | For Sale | $975,000 | -- | $309 / Sq Ft |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $324,600 | Unknown |
Source: Maine Listings
MLS Number: 1629032
APN: PTLD-000129-000000-G018001
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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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