$770,000
SOLD JUN 7, 2018
-- Bed
6 Baths
6,976 Sq Ft
1,742 Sq Ft Lot

Recently Sold

$110 Per Sq Ft

1% Below List Price

Highlights

  • Property is near public transit
  • No HOA
  • Heating System Uses Steam
  • Wood Flooring
  • Bathtub
  • 1-minute walk to Stone Street Splash Pad

About This Home

As of June 2018

Turnkey six unit building in the heart of Portland! This large building has parking lot for 8 cars included, a brand new rubber roof was installed 2 months ago, a fully operational laundry is set up in basement. The property has been professionally managed for the past two years and generates $88,000.00 in revenue annually.

Last Agent to Sell the Property

Gregory Nisbet

Downeast Realty, Inc. Listed on: 04/04/2018

Last Buyer's Agent

Josh Soley

Compass Commercial Brokers, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,044

Year Built

  • Built in 1915

Lot Details

  • 1,742 Sq Ft Lot
  • Level Lot

Home Design

  • Flat Roof Shape
  • Brick Foundation
  • Block Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Tar and Gravel Roof
  • Block Exterior
  • Vinyl Siding

Interior Spaces

  • 6,976 Sq Ft Home
  • 3-Story Property

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 6 Full Bathrooms
  • Bathtub

Unfinished Basement

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

Parking

  • Common or Shared Parking
  • Shared Driveway
  • Paved Parking
  • Off-Street Parking

Location

  • Property is near public transit
  • City Lot

Utilities

  • No Cooling
  • Radiator
  • Heating System Uses Natural Gas
  • Heating System Uses Steam
  • Gas Water Heater

Listing and Financial Details

  • Legal Lot and Block 3 / H
  • Assessor Parcel Number PTLD-000026-000000-H003001

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Building Details

  • Gross Income $88,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,044

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.04
  • MLS Status: Closed
  • Directions: Cumberland Avenue to Myrtle to #52 on the left
  • Above Grade Finished Sq Ft: 6976.0
  • Architectural Style: Multi-Level
  • Garage Yn: No
  • Building Stories: 3
  • Year Built: 1915
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.04
  • Property Information:Total Baths: 6.0
  • Property Information:SqFt Finished Above Grade: 6976.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Tile2: 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
  • Water Heater:Gas: Yes
  • Exterior:Vinyl Siding: Yes
  • Gas:Natural - On Site: Yes
  • Driveway:Common2: Yes
  • Basement:Unfinished: Yes
  • Heat Fuel:Gas Natural: Yes
  • Floors:Laminate: Yes
  • Property Information:Number of Units: 6
  • Foundation Materials:BrickMortar2: Yes
  • Foundation Materials:Stone: Yes
  • Building Info:_pound_ Stories2: 3
  • Income Expenses Gross Income: 88800.0
  • Style:Multi-Level: Yes
  • Foundation Materials:Block3: Yes
  • Heat System:Steam: Yes
  • Amenities:Bathtub: Yes
  • Property Information:Bank Owned REO: No
  • Water Heater:Tank: Yes
  • Heat System:Radiator: Yes
  • Transportation:Public Transport Access: Yes
  • Roof:Flat: Yes
  • Building Info:_pound_ Floors3: 3
  • Roof:TarGravel: Yes
  • Exterior:Block2: Yes
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Has Basement: Full, Interior Entry, Unfinished
  • Full Bathrooms: 6
  • Fireplace: No
  • Flooring: Wood, Tile, Laminate, Carpet
  • Interior Amenities: Bathtub
  • Stories: 3
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Sidewalks, Intown, Near Shopping, Near Turnpike/Interstate, Near Public Transit
  • Waterfront: No
  • Construction Type: Vinyl Siding, Block, Wood Frame
  • Foundation Details: Block, Stone, Brick/Mortar
  • Roof: Flat, Tar/Gravel

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Steam, Radiator
  • 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: 1742.4
  • Parcel #: PTLD-000026-000000-H003001
  • Zoning: R7

Multi Family

  • Number Of Units Total: 6
  • Annual Gross Income: 88800.0

Tax Info

  • Tax Annual Amount: 6044.0
  • Tax Block: H
  • Tax Book Number: 32944
  • Tax Lot: 3
  • Tax Map Number: 26
  • Tax Year: 2017

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
06/07/2018 06/07/18 Sold $770,000 -0.6% $110 / Sq Ft
04/05/2018 04/05/18 Pending -- -- --
04/04/2018 04/04/18 For Sale $775,000 +14.8% $111 / Sq Ft
02/24/2016 02/24/16 For Sale $675,000 +3.2% $97 / Sq Ft
02/23/2016 02/23/16 Sold $654,000 -- $94 / Sq Ft
02/20/2016 02/20/16 Pending -- -- --
Source: Maine Listings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

See All Agents

Map

Source: Maine Listings

MLS Number: 1342875

Maine Listings