69 Stanford St South Portland, ME 04106
Ferry Village NeighborhoodEstimated payment $4,709/month
Highlights
- Colonial Architecture
- Wood Flooring
- Level Lot
- Dora L. Small Elementary School Rated 9+
- No HOA
- 2-minute walk to School Street Playground
About This Home
69 Stanford Street in South Portland is a smart, flexible investment in one of Southern Maine's most sought-after rental locations. This well-maintained three-unit property offers strong income potential with separate electric, heat, and hot water utilities for each unit—keeping operating costs low and returns strong. Units 1 and 2 are refreshed and move-in ready, giving owner-occupants the option to live in one unit while collecting rent from the others or allowing investors to place quality tenants on their own terms. Each of these units is estimated to earn between $2,400 and $2,700 per month, offering immediate upside. Unit 3 is currently occupied, providing dependable rental income from day one. The property includes both off-street and on-street parking and features a coin-operated washer and dryer for added revenue. Its location is unbeatable—just minutes to downtown Portland, Willard Beach, and South Portland's favorite restaurants, coffee shops, and local spots. Whether you're building your portfolio or looking for a home that helps pay the bills, this property offers a rare mix of cash flow, long-term value, and lifestyle convenience. With strong tenant appeal and flexible occupancy options, 69 Stanford Street stands out as a versatile and high-performing asset in a market known for stability and growth.
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 $13,495
- 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 | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/10/2025 11/10/25 | Pending | -- | -- | -- |
| 11/03/2025 11/03/25 | Price Changed | $775,000 | -1.9% | $292 / Sq Ft |
| 10/06/2025 10/06/25 | Price Changed | $790,000 | -1.3% | $298 / Sq Ft |
| 09/09/2025 09/09/25 | For Sale | $800,000 | 0.0% | $302 / Sq Ft |
| 07/14/2025 07/14/25 | Off Market | $800,000 | -- | -- |
| 06/26/2025 06/26/25 | Price Changed | $800,000 | 0.0% | $302 / Sq Ft |
| 06/26/2025 06/26/25 | For Sale | $800,000 | -3.0% | $302 / Sq Ft |
| 06/16/2025 06/16/25 | Pending | -- | -- | -- |
| 05/23/2025 05/23/25 | For Sale | $825,000 | -- | $311 / Sq Ft |
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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