69 Stanford St South Portland, ME 04106
Ferry Village NeighborhoodEstimated payment $5,251/month
Highlights
- Colonial Architecture
- No HOA
- Heating System Uses Natural Gas
- Wood Flooring
- Level Lot
- 2-minute walk to School Street Playground
About This Home
Welcome to 69 Stanford St, South Portland! This well-maintained 3-unit property is a prime opportunity for investors, owner-occupants, or multi-generational living. Located in a desirable neighborhood, this building offers strong rental income potential with each unit separately metered—tenants pay their own electric, heat, and hot water.A new roof on the water side of the building will be completed by June 1st, offering peace of mind and added value. The property includes both off-street and on-street parking and features a coin-operated washer and dryer for additional income. Whether you're looking to live in one unit and rent the others, house extended family, or build your investment portfolio, this property offers flexibility and financial upside.Enjoy walkable or short-drive access to some of South Portland's top dining and entertainment spots including North 43 Bistro, Saltwater Grille, Willard Beach, Thompson's Point, and The Maine Mall. With easy access to downtown Portland and public transportation, this property checks all the boxes for location, lifestyle, and long-term value.Open showings Sat/Sun, May 24th & 25th from 11am - 1pm. Reach out if you can't access the video of the property.
Open House Schedule
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Saturday, May 24, 202511:00 am to 1:00 pm5/24/2025 11:00:00 AM +00:005/24/2025 1:00:00 PM +00:00Add to Calendar
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Sunday, May 25, 202511:00 am to 1:00 pm5/25/2025 11:00:00 AM +00:005/25/2025 1:00:00 PM +00:00Add to Calendar
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,598
Year Built
- Built in 1900
Lot Details
- 4,356 Sq Ft Lot
- Level Lot
Parking
- Gravel Driveway
Home Design
- 2,650 Sq Ft Home
- Colonial Architecture
- Wood Frame Construction
- Shingle Roof
- Vinyl Siding
Flooring
- Wood
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 3 Full Bathrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Utilities
- No Cooling
- Heating System Uses Natural Gas
- Heating System Mounted To A Wall or Window
- Electric Water Heater
Listing and Financial Details
- Tax Lot 076/C
- Assessor Parcel Number 69StrandfordStreetSouthPortland04106
Community Details
Overview
- No Home Owners Association
- 3 Units
Building Details
- Operating Expense $7,598
- Gross Income $75,180
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 | $7,598 | $575,600 | $185,900 | $389,700 |
| 2023 | $6,593 | $466,300 | $124,500 | $341,800 |
| 2022 | $6,320 | $406,200 | $99,600 | $306,600 |
| 2021 | $5,971 | $406,200 | $99,600 | $306,600 |
| 2020 | $5,364 | $271,600 | $76,600 | $195,000 |
| 2019 | $5,188 | $271,600 | $76,600 | $195,000 |
| 2018 | $5,025 | $271,600 | $76,600 | $195,000 |
| 2017 | $4,889 | $271,600 | $76,600 | $195,000 |
| 2016 | $4,915 | $277,700 | $69,700 | $208,000 |
| 2015 | $4,832 | $277,700 | $69,700 | $208,000 |
| 2014 | $4,749 | $277,700 | $69,700 | $208,000 |
| 2013 | $4,638 | $277,700 | $69,700 | $208,000 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/23/2025 05/23/25 | For Sale | $825,000 | -- | $311 / Sq Ft |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $350,000 | Commercial | |
| Closed | $10,000 | Unknown | |
| Closed | $568,000 | Unknown |
Source: Maine Listings
MLS Number: 1623761
APN: SPOR-000006-000000-000076C
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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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