About This Home

This 0-bedroom, 3-bathroom residential multi family at 115 Clark Street in Portland, ME is listed for $1,099,000 ($395 per sqft). Built in 1884, the home offers 2,784 sqft of living space on a 0.07 acres lot.

Key Features

  • Built in 1884
  • 0.07 acre lot

Property Details

3 full
1884
Listing Description

SELLER FINANCING AVAILABLE! An exceptional opportunity to own a beautifully maintained, income-producing three-unit property in Portland's highly desirable West End. Whether you're an investor looking for an established rental property or a future owner-occupant seeking the benefits of rental income, 115 Clark Street offers a rare combination of location, quality, and flexibility.

Pride of ownership is evident throughout, with thoughtfully updated interiors, inviting living spaces, and three distinctive residences that offer character, comfort, and functionality. The property is fully occupied with established tenants, generating $91,500 in current annual rental income.

Each residence offers its own appeal, including two units with loft spaces, a furnished apartment, and two outdoor decks. Five off-street parking spaces are a standout advantage in this sought-after neighborhood, complemented by shared on-site laundry and a convenient location just moments from the restaurants, coffee shops, galleries, and vibrant cultural scene that make Portland's West End so desirable.

For investors, the property offers established income, documented operating expenses, and potential rental upside. For buyers dreaming of living in Portland while building equity, the three-unit configuration presents an appealing future owner-occupancy opportunity, subject to existing tenancy arrangements.

Opportunities combining this level of care, an exceptional West End location, five off-street parking spaces, and available seller financing don't come along every day. Live in it, invest in it, or make it part of your long-term portfolio. 115 Clark Street is ready for its next chapter.

Monthly Cost Estimate

$5,878/mo

20% down · 6.5% · 30 years

Principal$795
Interest$4,762
Insurance$321

Estimates only. Actual payments may vary.

Location

115 Clark Street

Portland, ME 04102

Property Details

Flooring

CarpetWoodTile

Construction

Wood Frame Asbestos Wood Siding

Outdoor Features

Porch

Parking

Offsite

Heating

Natural GasZonedOilForced AirHot Water(Heating)Baseboard

Questions & Answers

This 0-bedroom, 3-bathroom residential multi family at 115 Clark Street is listed at $1,099,000 ($395/sqft). The estimated monthly payment is $5,878 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1884, 0.07 acre lot.

This property is listed by Katherine Az Ashley Lutkoff.

KL

Katherine Az Ashley Lutkoff

Agent at Signature Homes Real Estate Group

Listed by Signature Homes Real Estate Group · Broker phone: (207) 730-3071 · View on Broker Site · Broker website

MLS# 1685200· Source: Maine Listings· Added to PropertySimple today

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115 Clark Street, Portland, ME 04102

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