NOT LISTED FOR SALE

471 Cumberland Ave Portland, ME 04101

Parkside Neighborhood
-- Bed
14 Baths
12,038 Sq Ft
5,663 Sq Ft Lot

Last Sold April 28, 2020

Last sale price $1,750,000 $145 Per Sq Ft

483 Days on Market

Highlights

  • Nearby Water Access
  • Property is near public transit
  • Victorian Architecture
  • The property is located in a historic district
  • Wood Flooring
  • 4-minute walk to Deering Oaks Park

About This Home

As of April 2020

14 unit apartment building in Portland's Parkside neighborhood. (10) 1 Bedrooms and (4) 2 Bedrooms. 7 out of the 14 units have been totally remodeled with granite, cabinets, bathrooms, etc. Leaving the new owner very little work to do. This recently has had updated electrical as well. All rents are under-market offering lots of upside in a location that is close to 295/95, Old Port and Maine Medical center. 6.64% Cap Rate

Last Agent to Sell the Property

Thomas Gadbois

F.O. Bailey Real Estate Listed on: 01/25/2020

Last Buyer's Agent

Thomas Gadbois

F.O. Bailey Real Estate Listed on: 01/25/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,142

Year Built

  • Built in 1900

Lot Details

  • 5,663

Home Design

  • Victorian Architecture
  • Brick Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Shingle Siding

Interior Spaces

  • 14 Full Bathrooms
  • 3-Story Property
  • Double Pane Windows

Flooring

  • Wood
  • Carpet
  • Vinyl

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Natural lighting in basement

Parking

  • Driveway
  • Paved Parking
  • Off-Street Parking

Location

  • Property is near public transit
  • The property is located in a historic district
  • City Lot

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil
  • Hot Water Heating System
  • Cable TV Available

Additional Features

  • Nearby Water Access
  • 5,663 Sq Ft Lot

Listing and Financial Details

  • Legal Lot and Block 15-16 / F
  • Assessor Parcel Number 471-473CumberlandAvenuePortland04101

Community Details

Overview

  • No Home Owners Association
  • 14 Units

Amenities

  • Coin Laundry

Building Details

  • Operating Expense $61,497
  • Gross Income $182,808

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,142

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.13
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 10248.0
  • Architectural Style: Multi-Level, Victorian
  • Garage Yn: No
  • Efficiency: Double Pane Windows
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 0.13
  • Property Information:Total Baths: 14.0
  • Property Information:SqFt Finished Above Grade: 10248.0
  • Property Information:SqFt Finished Below Grade: 1790.0
  • Property Information:Garage: No
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Basement:Daylight: Yes
  • Percent Basement Finished: Yes
  • Basement:Walkout Access: Yes
  • Exterior:Shingle Siding: Yes
  • Roof:Shingle: Yes
  • Heat System:Forced Air: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: 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
  • Basement Entry:Walk-Out: Yes
  • Gas:Natural - On Site: Yes
  • Property Information:Number of Units: 14
  • Foundation Materials:BrickMortar2: Yes
  • Foundation Materials:Stone: Yes
  • Income Expenses Gross Income: 182808.0
  • Income Expenses Operating Expenses: 61497.0
  • Style:Multi-Level: Yes
  • Location:Historic District: Yes
  • Recreational Water:Nearby: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Equipment:Cable: Yes
  • Energy Efficiency:Double Pane Windows: Yes
  • Transportation:Public Transport Access: Yes
  • Building Info:_pound_ Floors3: 3
  • Amenities:Laundry - Coin: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Walk-Out Access, Daylight, Finished, Full, Interior Entry
  • Full Bathrooms: 14
  • Below Grade Sq Ft: 1790.0
  • Fireplace: No
  • Flooring: Wood, Vinyl, Carpet
  • Stories: 3
  • Full Basement: Yes

Exterior Features

  • Lot Features: Sidewalks, Historic District, Intown, Near Public Transit
  • Waterfront: No
  • Construction Type: Shingle Siding, Wood Frame
  • Foundation Details: Stone, Brick/Mortar
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Paved, Off Street

Utilities

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

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 5662.8
  • Parcel #: 471-473CumberlandAvenuePortland04101
  • Zoning: R7

Multi Family

  • Number Of Units Total: 14
  • Annual Gross Income: 182808.0
  • Annual Operating Expense: 61497.0

Tax Info

  • Tax Annual Amount: 19142.0
  • Tax Block: F
  • Tax Book Number: 33042
  • Tax Lot: 15-16
  • Tax Map Number: 36
  • Tax Year: 2018

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
04/28/2020 04/28/20 Sold $1,750,000 -12.5% $145 / Sq Ft
01/24/2020 01/24/20 Pending -- -- --
09/27/2018 09/27/18 For Sale $2,000,000 -- $166 / Sq Ft
Source: Maine Listings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Thomas Gadbois

    Seller's Agent in 2020

    Thomas Gadbois

    F.O. Bailey Real Estate

    (207) 409-8339

    5 in this area

    150 Total Sales

    Thomas Gadbois
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Map

Source: Maine Listings

MLS Number: 1371925

Maine Listings

Maine Cumberland County Portland 04101 Parkside

471 Cumberland Ave, Portland, ME

This home is located at 471 Cumberland Ave, Portland, ME 04101 since 25 January 2020. This property was built in 1900. 471 Cumberland Ave is a home located in Cumberland County with nearby schools including Reiche Community School, King Middle School, and Baxter Academy for Tech & Sciences.

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