$11,000,000

Estimated payment $71,929/month

Total Views 417
-- Bed
-- Bath
57,320 Sq Ft
$192 Price per Sq Ft

Highlights

  • Water Views
  • Property Near A Cove
  • Wood Flooring
  • 0.87 Acre Lot
  • Federal Architecture
  • No HOA

About This Home

36 luxury apartments on the upper floors and quality commercial space on the ground level currently leased to MaineHealth. There are also two cell towers leases and a 7,000 SF parking lot across Congress St. The residential units were designed to meet the evolving expectations of high-end renters, the property features spacious, well-appointed residences, each equipped with in-unit washers, dryers, and dishwashers. Many units have been upgraded over the years to align with contemporary design trends, ensuring lasting appeal and strong tenant demand. With on-site parking, an elevator and storage, the apartments offer many of the amenities of newer apartment developments, but with the retained period charm of a historic building.

Listing Agent

Brit Vitalius

Vitalius Real Estate Group, LLC

Co-Listing Agent

Chris Sullivan

Vitalius Real Estate Group, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $131,324

Year Built

  • Built in 1900

Home Design

  • Federal Architecture
  • Brick Exterior Construction
  • Slate Roof
  • Masonry

Interior Spaces

  • 57,320 Sq Ft Home
  • Water Views

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile
  • Vinyl

Unfinished Basement

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

Parking

  • Driveway
  • Paved Parking
  • Off-Street Parking

Utilities

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

Additional Features

  • Property Near A Cove
  • 0.87 Acre Lot

Listing and Financial Details

  • Tax Lot F-1
  • Assessor Parcel Number PTLD-000054-F000001-000001

Community Details

Overview

  • No Home Owners Association
  • 36 Units

Building Details

  • Operating Expense $407,288
  • Gross Income $1,100,913

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$131,324

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.87
  • Road Surface Type: Paved
  • Water Body Name: Back Cove
  • Co List Office Mls Id: 2698
  • Co List Office Phone: 207-541-3755
  • MLS Status: Active
  • Above Grade Finished Sq Ft: 57320.0
  • Architectural Style: Other, Federal
  • Garage Yn: No
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 0.87
  • Property Information:SqFt Finished Above Grade: 57320.0
  • Property Information:Garage: No
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Water Heater:Gas: Yes
  • Basement:Unfinished: Yes
  • Heat Fuel:Gas Natural: Yes
  • Floors:Laminate: Yes
  • Property Information:Number of Units: 36
  • Income Expenses Gross Income: 1100913.0
  • Income Expenses Operating Expenses: 407288.0
  • Gas:Natural - At Street: Yes
  • Property Information:Deed Restrictions: Unknown
  • Exterior:Brick: Yes
  • Style:Federal: Yes
  • Roof:Slate: Yes
  • Construction:Masonry: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Interior, Full, Unfinished
  • Flooring: Wood, Vinyl, Tile, Laminate, Carpet
  • Full Basement: Yes

Exterior Features

  • Lot Features: Sidewalks, Near Shopping
  • Waterfront Features: Cove
  • Waterfront: No
  • Construction Type: Brick, Masonry
  • Roof: Other, Slate

Garage/Parking

  • Attached Garage: No
  • Parking Features: 21+ Spaces, Paved, Off Street

Utilities

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

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 37897.2
  • Parcel #: PTLD-000054-F000001-000001
  • Zoning: B-2b

Multi Family

  • Number Of Units Total: 36
  • Annual Gross Income: 1100913.0
  • Annual Operating Expense: 407288.0

Tax Info

  • Tax Annual Amount: 131324.0
  • Tax Book Number: 13290
  • Tax Lot: F-1
  • Tax Map Number: 54
  • Tax Year: 2024

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
05/09/2025 05/09/25 For Sale $11,000,000 -- $192 / Sq Ft
Source: Maine Listings

Source: Maine Listings

MLS Number: 1622096

Maine Listings