About This Home

This 0-bedroom, 2-bathroom residential multi family at 14 Devon Street in Portland, ME is listed for $725,000 ($292 per sqft). Built in 1900, the home offers 2,487 sqft of living space on a 0.27 acres lot.

Key Features

  • Built in 1900
  • 0.27 acre lot
  • 3 stories

Property Details

3 stories
2 full
1900
Listing Description

The estate has reduced the price on this circa 1900 New Englander two-unit and it is now available for immediate occupancy! Offering classic charm and sitting on a generous 12,000± sq ft lot in Portland's convenient Nason's Corner neighborhood, it is Ideally located close to everything.

It is within walking distance to Portland Trails, local schools, The Sinful Kitchen, Applebee's, a neighborhood corner store, the Lowe's shopping center, and is within biking distance to New England College, Capisic Pond Park, and Rosemont Market. Owned by the same family for decades, the property is being offered as-is with seller concessions and presents excellent potential.

It is the perfect multi-generational home with room for a nanny or in-laws. The small first floor unit with its own entrance was once used as a third unit and with City approval might be able to be used again as an ADU or as in in-law or guest suite. It would add two bedrooms and a full bath giving the first floor 4 bedrooms.

Another possible use for the addition, also with City permission, is an in-home occupation such as a hair salon or office. The first-floor apartment features two bedrooms, an eat-in kitchen, a living room, and a full bath as well as basement access. It is heated by oil, with the tenant responsible for oil and electricity.

The second-floor apartment, which includes the third floor, offers two or three bedrooms, a living room, dining room, and kitchen, along with basement access. This unit is heated by a propane monitor, with the tenant paying for propane and electricity.

Additional highlights include ample off-street parking and a two-car garage, making this a great opportunity for owner occupancy or investment. The property is looking for some love and updating but this property has great potential. Opportunity knocks - and the owner may help with closing costs . Portland rent control does not apply if the property is purchased by an owner/occupant.

Monthly Cost Estimate

$3,877/mo

20% down · 6.5% · 30 years

Principal$524
Interest$3,142
Insurance$211

Estimates only. Actual payments may vary.

Location

14 Devon Street

Portland, ME 04102

Features & Amenities

Interior Features

In-Law Apartment1st Floor Bedroom1st Floor Primary Bedroom w/BathBathtubOne-Floor LivingPantryShowerStorage

Property Details

Flooring

VinylWood

Construction

Wood Frame Vinyl Siding

Pool Features

Porch

Heating

OilHot Water(Heating)Natural Gas

Questions & Answers

This 0-bedroom, 2-bathroom residential multi family at 14 Devon Street is listed at $725,000 ($292/sqft). The estimated monthly payment is $3,877 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1900, 0.27 acre lot, 3 stories. Interior Features: In-Law Apartment, 1st Floor Bedroom, 1st Floor Primary Bedroom w/Bath.

This property is listed by Jean Russo and can be reached at 2077761816.

JR

Jean Russo

Agent at HarborCity Realty

(207) 776-1816

Listed by HarborCity Realty · View on Broker Site

MLS# 1661185· Source: listhub· Listed today

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14 Devon Street, Portland, ME 04102

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