$995,000
OPEN SUN 3PM - 5PM

51 Frederic St Portland, ME 04102

Libbytown Neighborhood

Estimated payment $6,264/month

Total Views 102
-- Bed
3 Baths
4,308 Sq Ft
$231 Price per Sq Ft

Highlights

  • Water Views
  • Wood Flooring
  • Forced Air Heating System
  • Property is near public transit
  • No HOA
  • Baseboard Heating

About This Home

Here is the 3-Unit in Portland's Libbytown neighborhood that you've been seeking! Fully occupied tenancy with an excellent rental history and immediate cash flow.
-Apt 1 is a 3 bed 1 bath with private back deck, large yard, as well as private driveway for 3+ cars and has private basement access - would make an awesome owner occupied unit, or continue as a month-to-month furnished rental (great for nearby medical center professionals).

-Apt 2 is a 3 bed 1 bath with recently refinished wood floors, new stainless steel appliances
-Apt 3 is a spacious 4 bed 1 bath
-All 3 units have updated natural gas heating systems and separate CMP accounts. Full roof replacement in 2024.

Close in proximity to dining, shopping, breweries, Amtrak, professional sports and live music venues, and The Fore River trail system! Maine Medical Center, Northern Light Mercy Hospital, USM campus and UNE campus all within walking distance!
GROUP SHOWING: 8/17 this coming Sunday 3-5

Listing Agent

Joel Turgo

Elevate Maine Realty Listed on: 08/14/2025

Open House Schedule

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,791

Year Built

  • Built in 1914

Lot Details

  • 3,920 Sq Ft Lot
  • Level Lot

Home Design

  • Flat Roof Shape
  • Wood Frame Construction
  • Membrane Roofing
  • Vinyl Siding

Interior Spaces

  • 3 Full Bathrooms
  • 4,308 Sq Ft Home
  • Water Views

Flooring

  • Wood
  • Tile
  • Vinyl

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Sump Pump

Parking

  • On-Street Parking
  • Off-Street Parking

Location

  • Property is near public transit
  • City Lot

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Baseboard Heating
  • Hot Water Heating System
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot K-18
  • Assessor Parcel Number PTLD-000067-K000018-000001

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $18,036
  • Gross Income $122,880

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,791

Year Built

Built in 1914

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.09
  • Water Body Name: Fore River
  • MLS Status: Active
  • Directions: Congress Street, right onto Frederic Street. 51 is near the end on the right.
  • Above Grade Finished Sq Ft: 4308.0
  • Architectural Style: Other
  • Garage Yn: No
  • Year Built: 1914
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.09
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 4308.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Forced Air: Yes
  • Heat System:Hot Water: Yes
  • Cooling:None3: 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
  • Basement Entry:Interior: Yes
  • Water Heater:Gas: Yes
  • Exterior:Vinyl Siding: Yes
  • Gas:Natural - On Site: Yes
  • Water Heater:Electric2: Yes
  • Basement:Unfinished: Yes
  • Heat Fuel:Gas Natural: Yes
  • Property Information:Number of Units: 3
  • Income Expenses Gross Income: 122880.0
  • Income Expenses Operating Expenses: 18036.0
  • Property Information:Short Sale Continue to Show: No
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Basement:Sump Pump: Yes
  • Water Heater:Heat Pump2: Yes
  • Roof:Membrane: Yes
  • Location:Near Railroad: Yes
  • Parking:On Street: Yes
  • Transportation:Public Transport Access: Yes
  • Transportation:Rail Available: Yes
  • Roof:Flat: Yes
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: OpenHouse
  • Property Sub Type: MultiFamily

Interior Features

  • Furnished: Partially
  • Has Basement: Interior, Bulkhead, Full, Sump Pump, Unfinished
  • Full Bathrooms: 3
  • Flooring: Wood, Vinyl, Tile
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Sidewalks, Intown, Near Shopping, Near Turnpike/Interstate, Neighborhood, Near Public Transit, Near Railroad
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Roof: Flat, Membrane

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Portland Public Schools

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 3920.4
  • Parcel #: PTLD-000067-K000018-000001
  • Zoning: R6

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 122880.0
  • Annual Operating Expense: 18036.0

Tax Info

  • Tax Annual Amount: 9791.0
  • Tax Book Number: 401000
  • Tax Lot: K-18
  • Tax Map Number: 67
  • 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 $9,791 $652,300 $138,600 $513,700
2023 $9,400 $652,300 $138,600 $513,700
2022 $8,878 $652,300 $138,600 $513,700
2021 $8,473 $652,300 $138,600 $513,700
2020 $7,760 $332,900 $66,500 $266,400
2019 $7,760 $332,900 $66,500 $266,400
2018 $7,484 $332,900 $66,500 $266,400
2017 $7,207 $332,900 $66,500 $266,400
2016 $7,028 $332,900 $66,500 $266,400
2015 $6,868 $332,900 $66,500 $266,400
2014 $6,658 $332,900 $66,500 $266,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/14/2025 08/14/25 For Sale $995,000 +20.6% $231 / Sq Ft
04/29/2023 04/29/23 Sold $825,000 +10.0% $192 / Sq Ft
03/06/2023 03/06/23 Pending -- -- --
02/27/2023 02/27/23 For Sale $750,000 -- $174 / Sq Ft
Source: Maine Listings

Purchase History

Date Type Sale Price Title Company
Warranty Deed $825,000 None Available
Warranty Deed $825,000 None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $618,750 Purchase Money Mortgage
Closed $618,750 Purchase Money Mortgage
Previous Owner $363,500 Purchase Money Mortgage
Previous Owner $344,400 Stand Alone Refi Refinance Of Original Loan
Source: Public Records

Source: Maine Listings

MLS Number: 1634213

Maine Listings

APN: PTLD-000067-000000-K018001

Maine Cumberland County Portland 04102 Libbytown

51 Frederic St, Portland, ME

This home is located at 51 Frederic St, Portland, ME 04102 and is currently priced at $995,000, approximately $230 per square foot. This property was built in 1914. 51 Frederic St is a home located in Cumberland County with nearby schools including Ocean Avenue Elementary School, King Middle School, and Baxter Academy for Tech & Sciences.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Maine Listings 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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Listing Agent
Joel Turgo
Section Image
Elevate Maine Realty
(207) 367-3553