605 Washington Ave Portland, ME 04103
East Deering NeighborhoodEstimated payment $4,706/month
Highlights
- Deck
- New Englander Architecture
- No HOA
- Property is near public transit
- Corner Lot
- 2 Car Detached Garage
About This Home
Check out this amazing investment opportunity on Portland's Washington Ave offering two spacious 4-bedroom/1-bath units. Each 1,000+ square foot apartment contains large bedrooms, flexible living/dining layouts, and classic period details ready for your finishing touch. A full walk-up attic, served by two existing staircases, presents excellent potential for an additional unit or expanded living space (buyer to verify with the City of Portland). The full basement is perfect for storage and utilities and has blown insulation, two newer natural gas wall hung boilers, and washer/dryer hookups. The garage is in fair condition and currently provides convenient extra storage for tenants or the property owner. Lots of off street parking can be found outside on the nearly completely fenced in lot. This in-town location close to restaurants, coffee, transit, and parks makes for a strong addition to any investors portfolio or a great setup for enjoyable owner occupancy. Tenants will appreciate a convenient bus stop outside of the Washington Avenue entrance. Solid bones, big bedrooms, and an uncommon upside with the attic space. Bring your vision and add value in one of Portland's most convenient corridors.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,522
Year Built
- Built in 1905
Lot Details
- 6,970 Sq Ft Lot
- Fenced
- Corner Lot
- Level Lot
Parking
- 2 Car Detached Garage
- Gravel Driveway
- Off-Street Parking
Home Design
- 2,612 Sq Ft Home
- Duplex
- New Englander Architecture
- Brick Foundation
- Wood Frame Construction
- Shingle Roof
- Aluminum Siding
- Vinyl Siding
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 2 Full Bathrooms
- Bathtub
- Shower Only
Unfinished Basement
- Basement Fills Entire Space Under The House
- Brick Basement
Outdoor Features
- Deck
- Porch
Utilities
- No Cooling
- Heating System Uses Natural Gas
- Hot Water Heating System
- Gas Water Heater
- Water Heated On Demand
Additional Features
- Washer and Dryer Hookup
- Property is near public transit
Listing and Financial Details
- Tax Lot 1
- Assessor Parcel Number PTLD-000428-L000001-000001
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- Operating Expense $9,147
- Gross Income $72,000
Map
Home Values in the Area
Average Home Value in this Area
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 | $7,522 | $501,100 | $53,400 | $447,700 |
| 2023 | $7,221 | $501,100 | $53,400 | $447,700 |
| 2022 | $6,820 | $501,100 | $53,400 | $447,700 |
| 2021 | $6,509 | $501,100 | $53,400 | $447,700 |
| 2020 | $5,415 | $232,300 | $66,800 | $165,500 |
| 2019 | $5,415 | $232,300 | $66,800 | $165,500 |
| 2018 | $5,029 | $232,300 | $66,800 | $165,500 |
| 2017 | $5,029 | $232,300 | $66,800 | $165,500 |
| 2016 | $4,904 | $232,300 | $66,800 | $165,500 |
| 2015 | $4,792 | $232,300 | $66,800 | $165,500 |
| 2014 | $4,646 | $232,300 | $66,800 | $165,500 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/25/2025 08/25/25 | For Sale | $750,000 | +76.5% | $287 / Sq Ft |
| 08/30/2019 08/30/19 | Sold | $425,000 | 0.0% | $163 / Sq Ft |
| 07/26/2019 07/26/19 | Pending | -- | -- | -- |
| 07/18/2019 07/18/19 | For Sale | $425,000 | -- | $163 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Not Resolvable | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $45,000 | Stand Alone Refi Refinance Of Original Loan | |
| Open | $417,302 | FHA | |
| Previous Owner | $213,600 | Unknown | |
| Previous Owner | $194,147 | FHA | |
| Previous Owner | $196,377 | FHA | |
| Previous Owner | $258,400 | FHA |
Source: Maine Listings
MLS Number: 1635440
APN: PTLD-000428-000000-L001001
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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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