$750,000
SOLD AUG 11, 2025

532 Main St South Portland, ME 04106

Highland Neighborhood
-- Bed
3 Baths
2,832 Sq Ft
5,663 Sq Ft Lot

Recently Sold

$265 Per Sq Ft

6% Below List Price

37 Days on Market

Highlights

  • Wood Flooring
  • Baseboard Heating
  • Open Lot
  • No HOA

About This Home

As of August 2025

This commercially zoned 3-unit property offers separate utilities for each unit, helping to keep operating expenses low. Featuring ample off-street parking, it provides convenient access for tenants, customers, or clients.

Ideally located in South Portland, this property benefits from easy access to major routes, shopping, and local amenities. With flexible commercial zoning, it's a great opportunity for investors seeking a well-located mixed-use or income-producing property.

Last Agent to Sell the Property

Ashley Lutko Donna Galluzzo

Signature Homes Real Estate Group, LLC Listed on: 05/16/2025

Last Buyer's Agent

Phil Verrill

Verrill Real Estate, Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,125

Year Built

  • Built in 1910

Lot Details

  • 5,663 Sq Ft Lot
  • Open Lot

Home Design

  • 2,832 Sq Ft Home
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Full Bathrooms

Unfinished Basement

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

Parking

  • Driveway
  • Paved Parking

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Hot Water Heating System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 27
  • Assessor Parcel Number SPOR-000053-000000-000027

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $10,851
  • Gross Income $58,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,125

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.13
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 2832.0
  • Architectural Style: Other
  • Garage Yn: No
  • Year Built: 1910
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.13
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 2832.0
  • Property Information:Garage: No
  • 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
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Exterior:Vinyl Siding: Yes
  • Heat Fuel:Electric: Yes
  • Water Heater:Electric2: Yes
  • Basement:Unfinished: Yes
  • Heat Fuel:Gas Natural: Yes
  • Property Information:Number of Units: 3
  • Income Expenses Gross Income: 58200.0
  • Income Expenses Operating Expenses: 10851.0
  • Gas:Natural - At Street: Yes
  • Basement Entry:Exterior Only: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full, Exterior Only, Unfinished
  • Full Bathrooms: 3
  • Flooring: Wood, Carpet
  • Full Basement: Yes

Exterior Features

  • Lot Features: Open, Sidewalks, Near Town, Neighborhood
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Roof: Shingle

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 5662.8
  • Parcel #: SPOR-000053-000000-000027
  • Zoning: MSCC

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 58200.0
  • Annual Operating Expense: 10851.0

Tax Info

  • Tax Annual Amount: 7125.0
  • Tax Book Number: 11243
  • Tax Lot: 27
  • Tax Map Number: 53
  • Tax Year: 2024

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
08/11/2025 08/11/25 Sold $750,000 -3.8% $265 / Sq Ft
06/22/2025 06/22/25 Pending -- -- --
05/23/2025 05/23/25 Price Changed $780,000 -1.9% $275 / Sq Ft
05/16/2025 05/16/25 For Sale $795,000 -- $281 / Sq Ft
Source: Maine Listings

Tax History Compared to Growth

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 $7,125 $539,800 $133,400 $406,400
2023 $6,029 $426,400 $71,700 $354,700
2022 $5,851 $376,000 $57,400 $318,600
2021 $5,527 $376,000 $57,400 $318,600
2020 $2,022 $259,500 $56,700 $202,800
2019 $363 $259,500 $56,700 $202,800
2018 $1,908 $261,700 $56,700 $205,000
2017 $1,850 $261,700 $56,700 $205,000
2016 $4,632 $261,700 $56,700 $205,000
2015 $4,554 $261,700 $56,700 $205,000
2014 $4,475 $261,700 $56,700 $205,000
2013 $4,370 $261,700 $56,700 $205,000
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2025

    Ashley Lutko Donna Galluzzo

    Signature Homes Real Estate Group, LLC

    (207) 885-0500

    1 in this area

    236 Total Sales

    Section Image

  • P

    Buyer's Agent in 2025

    Phil Verrill

    Verrill Real Estate, Inc

    (207) 756-0649

    1 in this area

    83 Total Sales

    Section Image
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Map

Source: Maine Listings

MLS Number: 1622080

Maine Listings

APN: SPOR-000053-000000-000027

Maine Cumberland County South Portland 04106 Highland

532 Main St, South Portland, ME

This home is located at 532 Main St, South Portland, ME 04106 and is currently priced at $750,000, approximately $264 per square foot. This property was built in 1910. 532 Main St is a home located in Cumberland County with nearby schools including Waldo T. Skillin Elementary School, South Portland High School, and Greater Portland Christian School.

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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