NOT LISTED FOR SALE

91 Columbia Rd Portland, ME 04103

Deering Center Neighborhood
12 Beds
4 Baths
3,600 Sq Ft
9,148 Sq Ft Lot

Last Sold May 31, 2024

Last sale price $1,200,000 $333 Per Sq Ft

8 Days on Market

Highlights

  • Wood Flooring
  • Cooling Available
  • Level Lot
  • No HOA
  • Baseboard Heating
  • 4-minute walk to Presumpscot Park

About This Home

As of May 2024

Introducing 91-93 Columbia St, Portland, ME - a lucrative opportunity awaits in the heart of a vibrant community. This income-generating 4-unit residence promises a seamless blend of convenience, comfort, and profitability.

Boasting spacious 3-bedroom units, this property offers ample space for tenants to spread out and feel at home. Each unit is equipped with its own heating system, oil tank, hot water tank, and electrical meter, ensuring efficient utility management and maximizing returns.

Recent touch-ups throughout the property enhance its appeal, presenting a turnkey investment or ideal owner-occupied opportunity. Whether you're looking to expand your portfolio or seeking a place to call home while earning rental income, this multi-unit property caters to diverse needs and aspirations.

Nestled in a desirable neighborhood, residents will appreciate the proximity to local schools, shops, restaurants, and other amenities, fostering a convenient and fulfilling lifestyle. With plenty of parking available, tenants can enjoy hassle-free access and convenience.

This property's strong rental history and strategic location ensure minimal vacancies and consistent cash flow. Don't miss the chance to capitalize on this prime investment opportunity in one of Portland's most coveted neighborhoods. Seize the moment and make 91-93 Columbia St your next venture today!

Last Agent to Sell the Property

Jeffrey Mateja

Keller Williams Realty Listed on: 04/03/2024

Keller Williams Realty

Co-Listed By

Alexander Wiss

Keller Williams Realty

Last Buyer's Agent

Daniel Weber Nicholas Laverriere

Keller Williams Realty

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,176

Year Built

  • Built in 1922

Lot Details

  • 9,148 Sq Ft Lot
  • Level Lot

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Shingle Siding

Interior Spaces

  • 4 Full Bathrooms
  • 3,600 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Vinyl

Unfinished Basement

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

Parking

  • Common or Shared Parking
  • Shared Driveway

Utilities

  • Cooling Available
  • Heating System Uses Oil
  • Heat Pump System
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot F006-001
  • Assessor Parcel Number PTLD-000181-F000006-000001

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Operating Expense $17,844
  • Gross Income $87,054

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,176

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.21
  • Road Surface Type: Paved
  • Co List Office Mls Id: 2957
  • Co List Office Phone: 207-553-2605
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 3600.0
  • Architectural Style: Multi-Level
  • Garage Yn: No
  • Year Built: 1922
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.21
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 3600.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Exterior:Shingle Siding: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Heat System:Heat Pump: Yes
  • Heat Fuel:Electric: Yes
  • Cooling:Heat Pump3: Yes
  • Driveway:Common2: Yes
  • Water Heater:Electric2: Yes
  • Basement:Unfinished: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 4
  • Income Expenses Gross Income: 87054.0
  • Income Expenses Operating Expenses: 17844.04
  • Style:Multi-Level: Yes
  • Building Info:_pound_ Floors3: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full, Interior Entry, Unfinished
  • Full Bathrooms: 4
  • Flooring: Wood, Vinyl
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Near Shopping, Near Town, Neighborhood
  • Waterfront: No
  • Construction Type: Shingle Siding, Wood Frame
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Common

Utilities

  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Hot Water, Heat Pump, 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: 9147.6
  • Parcel #: PTLD-000181-F000006-000001
  • Zoning: R5

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 87054.0
  • Annual Operating Expense: 17844.04

Tax Info

  • Tax Annual Amount: 10176.34
  • Tax Book Number: 32708
  • Tax Lot: F006-001
  • Tax Map Number: 181
  • Tax Year: 2024

Range of Values:

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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
05/31/2024 05/31/24 Sold $1,200,000 -4.0% $333 / Sq Ft
04/12/2024 04/12/24 Pending -- -- --
04/03/2024 04/03/24 For Sale $1,250,000 -- $347 / Sq Ft
Source: Maine Listings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jeffrey Mateja

    Seller's Agent in 2024

    Jeffrey Mateja

    Keller Williams Realty

    (207) 879-9800

    3 in this area

    933 Total Sales

    Section Image

  • A

    Seller Co-Listing Agent in 2024

    Alexander Wiss

    Keller Williams Realty

    (339) 221-2083

    1 in this area

    112 Total Sales

    Section Image

  • D

    Buyer's Agent in 2024

    Daniel Weber Nicholas Laverriere

    Keller Williams Realty

    (207) 600-4290

    1 in this area

    63 Total Sales

    Section Image
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Map

Source: Maine Listings

MLS Number: 1585631

Maine Listings

APN: PTLD 181-F006001

Maine Cumberland County Portland 04103 Deering Center

91 Columbia Rd, Portland, ME

This home is located at 91 Columbia Rd, Portland, ME 04103 since 03 April 2024. This property was built in 1922. 91 Columbia Rd is a home located in Cumberland County with nearby schools including Longfellow School-Portland, Lincoln Middle School, and Breakwater School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Maine Listings 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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