NOT LISTED FOR SALE

Estimated Value: $803,166 - $925,000

6 Beds
3 Baths
3,072 Sq Ft
$276/Sq Ft Est. Value

Last Sold May 03, 2024

Last sale price $803,000 $261 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $5,118/month

2 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Porch
  • Property is near public transit
  • No HOA
  • Forced Air Heating System

About This Home

As of May 2024

Nestled in the heart of Portland, this captivating triplex offers an exceptional opportunity for both investors and owner-occupiers alike. Boasting a desirable location with off-street parking this triplex is conveniently located close to shopping centers, entertainment venues, and the bustling downtown area. With off-street parking available, residents can enjoy the convenience and peace of mind of having dedicated parking spaces, a rare find in Portland's urban landscape.

Ideal for savvy investors, this triplex presents a lucrative income-generating opportunity. With multiple rental units, investors can benefit from steady rental income while capitalizing on Portland's robust rental market. Additionally, residents can unwind and enjoy the outdoors in the property's outdoor space, perfect for relaxation or entertaining guests.

Don't miss out on the chance to own this exceptional triplex in one of Portland's. Whether you're seeking a savvy investment opportunity or a charming place to call home while others can pay your mortgage, this property offers the best of Portland living. Schedule a viewing today and experience the allure of this remarkable triplex firsthand.

Last Agent to Sell the Property

Deja Lett

Keller Williams Realty Listed on: 04/05/2024

Keller Williams Realty

Co-Listed By

Melissa Milem

Keller Williams Realty

Last Buyer's Agent

Melissa Richter

Keller Williams Realty

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,800

Year Built

  • Built in 1912

Lot Details

  • 5,227 Sq Ft Lot
  • Street terminates at a dead end
  • Level Lot
  • Open Lot

Home Design

  • Concrete Foundation
  • Wood Frame Construction
  • Membrane Roofing
  • Asbestos Siding
  • Asbestos
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,072 Sq Ft Home
  • 3-Story Property
  • Laundry on main level

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Full Bathrooms
  • Shower Only

Unfinished Basement

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

Parking

  • Gravel Driveway
  • On-Site Parking

Outdoor Features

  • Deck
  • Porch

Location

  • Property is near public transit

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil
  • Hot Water Heating System
  • Natural Gas Not Available

Listing and Financial Details

  • Legal Lot and Block 3 / J
  • Assessor Parcel Number PTLD-000190-J000003-000001

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Community Storage Space

Building Details

  • Operating Expense $15,401
  • Gross Income $58,832

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,800

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.12
  • Road Surface Type: Paved
  • Co List Office Phone: 207-879-9800
  • MLS Status: Closed
  • Directions: GPS Friendly
  • Above Grade Finished Sq Ft: 3072.0
  • Architectural Style: Multi-Level
  • Garage Yn: No
  • Year Built: 1912
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 260.09
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.12
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 3072.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Heat System:Forced Air: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Tile2: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Amenities:Storage: Yes
  • Amenities:One-Floor Living: Yes
  • Amenities:Shower: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Amenities:Laundry - 2nd Floor: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 3
  • Income Expenses Gross Income: 58832.0
  • Income Expenses Operating Expenses: 15401.0
  • Parking:On Site2: Yes
  • Style:Multi-Level: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Roads:Dead End: Yes
  • Driveway:Gravel: Yes
  • Property Information:Bank Owned REO: No
  • Exterior:Asbestos: Yes
  • Roof:Membrane: Yes
  • Location:Near Railroad: Yes
  • Building Info:_pound_ Floors3: 3
  • Advertising Remarks:Advertising Remarks: Nestled in the heart of Portland, this captivating triplex offers an exceptional opportunity for both investors and owner-occupiers alike. Boasting a desirable location with off-street parking this triplex is conveniently located close to shopping centers, entertainment venues, and the bustling downtown area. With off-street parking available, residents can enjoy the convenience and peace of mind of having dedicated parking spaces, a rare find in Portland's urban landscape. Ideal for savvy investors, this triplex presents a lucrative income-generating opportunity. With multiple rental units all boasting their own heating unit, investors can benefit from steady rental income while capitalizing on Portland's robust rental market. Additionally, residents can unwind and enjoy the outdoors in the property's outdoor space, perfect for relaxation or entertaining guests. Don't miss out on the chance to own this exceptional triplex in one of Portland's. Whether you're seeking a savvy investment opportunity or a charming place to call home while others can pay your mortgage, this property offers the best of Portland living. Schedule a viewing today and experience the allure of this remarkable triplex firsthand.
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full, Interior Entry, Unfinished
  • Full Bathrooms: 3
  • Flooring: Wood, Tile
  • Interior Amenities: One-Floor Living, Shower, Storage
  • Stories: 3
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Sidewalks, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Near Railroad
  • Waterfront: No
  • Construction Type: Asbestos, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck, Porch
  • Roof: Membrane
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Gravel, On Site

Utilities

  • Laundry Features: Laundry - 1st Floor, Upper Level, Main Level
  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Forced Air
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 5227.2
  • Parcel #: PTLD-000190-J000003-000001
  • Zoning: R-5

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 58832.0
  • Annual Operating Expense: 15401.0

Tax Info

  • Tax Annual Amount: 7800.0
  • Tax Block: J
  • Tax Lot: 3
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2024
Closed on
Jun 28, 2024
Sold by
Connelly Kendra B and Bourque Michael
Bought by
9 Powslandst Portlad Llc
Seller's Agent
Deja Lett
Keller Williams Realty
Buyer's Agent
Melissa Richter
Keller Williams Realty
List Price
$799,000
Sold Price
$803,000
Premium/Discount to List
$4,000
0.5%
Views
29
Current Estimated Value
$846,792

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,792
Avg. Annual Appreciation
3.44%
Original Mortgage
$478,000
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Apr 5, 2024
Closed on
May 3, 2024
Sold by
Joseph Timothy F
Bought by
Bourque Michael and Connelly Kendra B
Seller's Agent
Deja Lett
Keller Williams Realty
Buyer's Agent
Melissa Richter
Keller Williams Realty
List Price
$799,000
Sold Price
$803,000
Premium/Discount to List
$4,000
0.5%
Views
29

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$478,000
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
May 17, 2022
Closed on
Jul 29, 2022
Sold by
Weidner Tyler
Bought by
Joseph Timothy F
Seller's Agent
Daniel Weber
Portside Real Estate Group
Buyer's Agent
Callan Kilroy
Bean Group
List Price
$750,000
Sold Price
$750,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.96%
Original Mortgage
$674,925
Interest Rate
5.78%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Apr 27, 2012
Closed on
Jul 3, 2012
Sold by
C & D Rentals Llc
Bought by
Weidner Tyler
Seller's Agent
Kermit Stanley
Welcome Home Real Estate
Buyer's Agent
Laura Fleischer
RE/MAX Coastal
List Price
$359,450
Sold Price
$359,000
Premium/Discount to List
-$450
-0.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.58%
Original Mortgage
$352,497
Interest Rate
3.75%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
9 Powslandst Portlad Llc -- None Available
9 Powslandst Portlad Llc -- None Available
Bourque Michael $803,000 None Available
Bourque Michael $803,000 None Available
Joseph Timothy F $750,000 None Available
Joseph Timothy F $750,000 None Available
Weidner Tyler -- --
Weidner Tyler -- --
Weidner Tyler -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bourque Michael $478,000
Previous Owner Joseph Timothy F $674,925
Previous Owner Weidner Tyler $352,497
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/03/2024 05/03/24 Sold $803,000 +0.5% $261 / Sq Ft
04/08/2024 04/08/24 Pending -- -- --
04/05/2024 04/05/24 For Sale $799,000 +6.5% $260 / Sq Ft
07/29/2022 07/29/22 Sold $750,000 0.0% $244 / Sq Ft View Prior Sale
05/23/2022 05/23/22 Pending -- -- --
05/17/2022 05/17/22 For Sale $750,000 +108.9% $244 / Sq Ft
07/02/2012 07/02/12 Sold $359,000 -0.1% $117 / Sq Ft View Prior Sale
05/06/2012 05/06/12 Pending -- -- --
04/27/2012 04/27/12 For Sale $359,450 -- $117 / Sq Ft
Source: Maine Listings

Tax History Compared to Growth

Source: Public Records

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 $8,125 $541,300 $77,400 $463,900
2023 $7,800 $541,300 $77,400 $463,900
2022 $7,367 $541,300 $77,400 $463,900
2021 $7,031 $541,300 $77,400 $463,900
2020 $6,681 $286,600 $54,700 $231,900
2019 $6,681 $286,600 $54,700 $231,900
2018 $6,205 $286,600 $54,700 $231,900
2017 $6,205 $286,600 $54,700 $231,900
2016 $6,050 $286,600 $54,700 $231,900
2015 $5,913 $286,600 $54,700 $231,900
2014 $5,732 $286,600 $54,700 $231,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1585739

Maine Listings

APN: PTLD-000190-000000-J003001