64 Gray St Portland, ME 04102
West End NeighborhoodEstimated payment $8,955/month
Highlights
- The property is located in a historic district
- Wood Flooring
- No HOA
- Property is near public transit
- New Englander Architecture
- 4-minute walk to Harbor View Memorial Park
About This Home
Group Showing Tuesday May 20th 11:30-1pm
Step into Portland's rich history with this beautifully renovated and updated seven-unit building in a prime location! Situated with exceptional proximity to all that downtown Portland has to offer - from its vibrant arts scene and renowned restaurants to its bustling waterfront - this property presents a fantastic investment opportunity.
This meticulously maintained building features a desirable unit mix of five spacious one-bedroom apartments and two efficient studio apartments, all currently leased at market rents, ensuring a strong and immediate income stream. Every unit has recently extensive renovations and updates have preserved the building's historic charm while providing modern comfort and convenience for tenants. A new heating system offers efficiency and reliability. Full Renovation of the entire exterior of the building.
A significant amenity in this urban setting is the on-site parking available for tenants for a small fee, a feature that adds considerable value and tenant appeal.
Investment Highlights:
Seven Units: Five 1-bedroom units and two studio units.
Prime Location: Unbeatable access to downtown Portland's attractions, amenities, and employment centers.
Market Rents: All units are currently rented at full market value.
Historic Charm, Modern Updates: Beautifully renovated and updated throughout, blending historic character with contemporary living.
New Heating System: Ensuring efficient and cost-effective heating for the entire building.
On-Site Parking: A valuable amenity for tenants in a downtown location, available for a fee.
Strong Income Potential: A fully leased building in a high-demand rental market.
Don't miss this exceptional opportunity to own a piece of Portland's history while capitalizing on a strong multi-family investment in a sought-after location.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,208
Year Built
- Built in 1910
Lot Details
- 3,920 Sq Ft Lot
- Level Lot
- Open Lot
Home Design
- New Englander Architecture
- Victorian Architecture
- Brick Foundation
- Block Foundation
- Wood Frame Construction
- Pitched Roof
- Shingle Roof
- Wood Siding
- Clap Board Siding
- Clapboard
Interior Spaces
- 7 Full Bathrooms
- 5,150 Sq Ft Home
- 3-Story Property
- Laundry on main level
Flooring
- Wood
- Vinyl
Unfinished Basement
- Basement Fills Entire Space Under The House
- Doghouse Basement Entry
- Exterior Basement Entry
Parking
- Gravel Driveway
- On-Site Parking
Location
- Property is near public transit
- The property is located in a historic district
- City Lot
Utilities
- No Cooling
- Radiator
- Heating System Uses Natural Gas
- Cable TV Available
Listing and Financial Details
- Legal Lot and Block 10 / l
- Assessor Parcel Number PTLD-000044-I000010-000001
Community Details
Overview
- No Home Owners Association
- 7 Units
Amenities
- Coin Laundry
Building Details
- Operating Expense $27,050
- Gross Income $147,360
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/08/2025 09/08/25 | For Sale | $1,450,000 | 0.0% | $282 / Sq Ft |
| 07/16/2025 07/16/25 | Off Market | $1,450,000 | -- | -- |
| 06/23/2025 06/23/25 | Price Changed | $1,450,000 | -3.0% | $282 / Sq Ft |
| 05/14/2025 05/14/25 | For Sale | $1,495,000 | +171.8% | $290 / Sq Ft |
| 09/09/2020 09/09/20 | Sold | $550,000 | +44.0% | $107 / Sq Ft |
| 07/22/2020 07/22/20 | Pending | -- | -- | -- |
| 07/20/2020 07/20/20 | For Sale | $382,000 | -- | $74 / Sq Ft |
Source: Maine Listings
MLS Number: 1622551
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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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