$850,000
UNDER CONTRACT

Estimated payment $5,740/month

Total Views 22,401
-- Bed
4 Baths
3,136 Sq Ft
$271 Price per Sq Ft

Highlights

  • Nearby Water Access
  • Property is near public transit
  • Victorian Architecture
  • Public Beach
  • Wood Flooring
  • 4-minute walk to Congress Square Park

About This Home

This classic brick 4-unit building offers timeless charm and unbeatable location in one of Portland's most vibrant downtown neighborhoods. Featuring four well-maintained 1-bedroom, 1-bath apartments, this property is ideal for both investors and owner-occupants seeking strong rental potential. Each unit showcases original architectural details including elegant moldings, vintage fireplaces, and hardwood flooring, adding warmth and character throughout. The third-floor unit enjoys exclusive access to a private roof deck—perfect for relaxing or entertaining with city views. Additional amenities include coin-operated laundry in the basement for tenant convenience and a low-maintenance brick exterior. Just steps from restaurants, shops, the arts district, and all downtown Portland amenities, this is a rare opportunity to own a piece of the city with steady income and long-term upside. Don't miss your chance to invest in one of Portland's most desirable urban locations!

Listing Agent

Nicholas Dambrie

Keller Williams Realty Brokerage Phone: 207-553-2400 Listed on: 05/21/2025

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,293

Year Built

  • Built in 1900

Lot Details

  • 2,614 Sq Ft Lot
  • Public Beach
  • Level Lot

Home Design

  • Victorian Architecture
  • Brick Exterior Construction
  • Brick Foundation
  • Stone Foundation
  • Slate Roof
  • Membrane Roofing
  • Fiberglass Roof
  • Masonry

Interior Spaces

  • 3,136 Sq Ft Home
  • 3-Story Property
  • 2 Fireplaces

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Full Bathrooms
  • Bathtub
  • Shower Only

Finished Basement

  • Walk-Out Basement
  • Brick Basement
  • Interior Basement Entry

Parking

  • Driveway
  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • Nearby Water Access

Location

  • Property is near public transit
  • City Lot

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Hot Water Heating System
  • Internet Available

Listing and Financial Details

  • Legal Lot and Block 3 / B
  • Assessor Parcel Number PTLD-000046-B000003-000001

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Coin Laundry

Building Details

  • Operating Expense $25,256
  • Gross Income $71,304

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,293

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.06
  • Road Surface Type: Paved
  • MLS Status: Active Under Contract
  • Directions: From High St, Left onto Cumberland Ave, Property will be on the Left.
  • Above Grade Finished Sq Ft: 3136.0
  • Architectural Style: Victorian
  • Garage Yn: No
  • Unit Levels: Multi-Level
  • Building Stories: 3
  • Year Built: 1900
  • Attribution Contact: 207-553-2400
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.06
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 3136.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Percent Basement Finished: Yes
  • Basement:Walkout Access: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Tile2: 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
  • Basement Entry:Interior: Yes
  • Gas:Natural - On Site: Yes
  • Amenities:Shower: Yes
  • Heat Fuel:Gas Natural: Yes
  • Property Information:Number of Units: 4
  • Foundation Materials:BrickMortar2: Yes
  • Foundation Materials:Stone: Yes
  • Building Info:_pound_ Stories2: 3
  • Income Expenses Gross Income: 71304.0
  • Income Expenses Operating Expenses: 25256.0
  • Location:Near Public Beach: Yes
  • Amenities:Bathtub: Yes
  • Building Info:_pound_ Fireplaces3: 2
  • Parking:Paved3: Yes
  • Recreational Water:Nearby: Yes
  • Basement:BrickMortar: Yes
  • Equipment:Internet Access Available: Yes
  • Property Information:Deed Restrictions: Unknown
  • Exterior:Brick: Yes
  • Roof:Membrane: Yes
  • Transportation:Public Transport Access: Yes
  • Roof:Fiberglass: Yes
  • Roof:Slate: Yes
  • Building Info:_pound_ Floors3: 3
  • Construction:Masonry: Yes
  • Amenities:Laundry - Coin: Yes
  • Property Information 2 Detached Houses on 1 Lot: No
  • Levels:Multi-Level3: Yes
  • Special Features: 4224
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Other Equipment: Internet Access Available
  • Has Basement: Interior, Walk-Out Access, Brick/Mortar, Finished
  • Full Bathrooms: 4
  • Fireplaces: 2
  • Fireplace: Yes
  • Flooring: Wood, Vinyl, Tile, Carpet
  • Interior Amenities: Bathtub, Shower
  • Stories: 3

Exterior Features

  • Lot Features: Level, Sidewalks, Intown, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Near Public Transit
  • Waterfront: No
  • Construction Type: Brick, Masonry
  • Foundation Details: Stone, Brick/Mortar
  • Roof: Fiberglass, Membrane, Slate

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Paved, Off Street

Utilities

  • Laundry Features: Laundry - Coin
  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On, Pole
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 2613.6
  • Parcel #: PTLD-000046-B000003-000001
  • Zoning: Res

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 71304.0
  • Annual Operating Expense: 25256.0

Tax Info

  • Tax Annual Amount: 13293.0
  • Tax Block: B
  • Tax Book Number: 34623
  • Tax Lot: 3
  • Tax Map Number: 46
  • Tax Year: 2024

Map

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
05/21/2025 05/21/25 For Sale $850,000 -- $271 / Sq Ft
Source: Maine Listings

About the Listing Agent

Nicholas Dambrie

Keller Williams Realty

(207) 204-4182

Section Image

Nick Dambrie has been a trusted name in Maine real estate since 2002, specializing in the representation of discerning buyers and sellers across the region’s most sought-after neighborhoods. With deep expertise in luxury homes, multi-family investments, new construction, and subdivision development, Nick delivers a seamless and strategic experience at every price point.

Known for his sharp eye for design and renovation potential, Nick helps clients unlock hidden value—whether preparing a

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  • 196 Main St, Buxton, ME 04093

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  • TBD Main St, Buxton, ME 04093

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  • 89 Delaware Ct Unit 89, Portland, ME 04103

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Source: Maine Listings

MLS Number: 1623551

Maine Listings

APN: PTLD 046-B003001