$575,000

47 Fall Brook St Portland, ME 04103

Back Cove Neighborhood

Estimated payment $3,648/month

Total Views 13,584
-- Bed
2 Baths
2,137 Sq Ft
$269 Price per Sq Ft

Highlights

  • Popular Property
  • No HOA
  • Baseboard Heating
  • Colonial Architecture
  • Porch
  • Level Lot

About This Home

This rare investment opportunity features a vacant two-unit property in a quiet, low-traffic street - ready for new occupants or tenants right away. Both units have been freshly painted and professionally cleaned, offering a bright, move-in-ready feel. Whether you're looking to live in one unit and rent the other, or add a clean, turn-key property to your portfolio, this is a solid find in a desirable area with great potential for rental income and long-term value.

Listing Agent

Eric Landry

Town & Shore Real Estate Brokerage Phone: 207-773-0262 Listed on: 10/23/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,601

Year Built

  • Built in 1900

Lot Details

  • 8,276 Sq Ft Lot
  • Street terminates at a dead end
  • Level Lot
  • Open Lot

Home Design

  • Colonial Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2 Full Bathrooms
  • 2,137 Sq Ft Home
  • Unfinished Basement
  • Interior Basement Entry

Flooring

  • Carpet
  • Linoleum

Parking

  • Gravel Driveway
  • Off-Site Parking

Outdoor Features

  • Porch

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System

Listing and Financial Details

  • Tax Lot E10
  • Assessor Parcel Number PTLD-000161-E000010-000001

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $3,000
  • Gross Income $31,440

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,601

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.19
  • Road Surface Type: Paved
  • MLS Status: Active
  • Above Grade Finished Sq Ft: 2137.0
  • Architectural Style: Colonial
  • Garage Yn: No
  • Year Built: 1900
  • Attribution Contact: 207-773-0262
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.19
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 2137.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Exterior:Vinyl Siding: Yes
  • Basement:Unfinished: Yes
  • Property Information:Number of Units: 2
  • Income Expenses Gross Income: 31440.0
  • Income Expenses Operating Expenses: 3000.0
  • Style:Colonial: Yes
  • Roads:Dead End: Yes
  • Driveway:Gravel: Yes
  • Parking:Off Site: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Interior, Unfinished
  • Full Bathrooms: 2
  • Flooring: Carpet

Exterior Features

  • Lot Features: Open, Level, Near Shopping, Neighborhood
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Patio And Porch Features: Porch
  • Roof: Shingle
  • Patio and Porch Features:Porch: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Gravel, Off Site

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 8276.4
  • Parcel #: PTLD-000161-E000010-000001
  • Zoning: Res

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 31440.0
  • Annual Operating Expense: 3000.0

Tax Info

  • Tax Annual Amount: 7601.0
  • Tax Lot: E10
  • 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

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 $7,601 $506,400 $69,100 $437,300
2023 $7,297 $506,400 $69,100 $437,300
2022 $6,892 $506,400 $69,100 $437,300
2021 $6,578 $506,400 $69,100 $437,300
2020 $4,890 $209,800 $69,100 $140,700
2019 $4,890 $209,800 $69,100 $140,700
2018 $4,716 $209,800 $69,100 $140,700
2017 $4,542 $209,800 $69,100 $140,700
2016 $4,429 $209,800 $69,100 $140,700
2015 $4,328 $209,800 $69,100 $140,700
2014 $4,196 $209,800 $69,100 $140,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/23/2025 10/23/25 For Sale $575,000 -- $269 / Sq Ft
Source: Maine Listings

Source: Maine Listings

MLS Number: 1641662

Maine Listings

APN: PTLD-000161-000000-E010001

Maine Cumberland County Portland 04103 Back Cove

47 Fall Brook St, Portland, ME

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Eric Landry
Listing Agent
Eric Landry
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Town & Shore Real Estate
(207) 386-9826