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About This Home

This 0-bedroom, 7-bathroom residential multi family at 272 State Street in Portland, ME is listed for $1,580,000 ($355 per sqft). Built in 1894, the home offers 4,454 sqft of living space on a 0.12 acres lot.

Agent Description

Exceptional 7-unit brick investment property in a prime Portland location near Maine Medical Center and University of Southern Maine. Full of character and charm, this well-maintained building offers seven spacious units, including one efficiency unit, with strong rental appeal and long term upside.

Recent improvements include two new toilets, four new bathroom vanities, a new sink, a new small refrigerator, and a new stove. All units feature keyless entry systems, providing added convenience and a desirable modern leasing feature for tenants. The solid brick construction offers low-maintenance ownership, while the property's excellent locatio

n continues to attract tenants seeking proximity to hospitals, universities, downtown Portland, and local amenities. The property also includes four off-street parking spaces, each generating an additional $100 per month in income. A rare opportunity to own a classic multi-unit asset with strong fundamentals in one of Portland's most desirable rental corridors.

Key Features

  • Built in 1894
  • 0.12 acre lot

Property Details

7 full
1894

Monthly Cost Estimate

$8,450/mo

20% down · 6.5% · 30 years

Principal$1,143
Interest$6,847
Insurance$461

Estimates only. Actual payments may vary.

Location

272 State Street

Portland, ME 04101

Property Details

Flooring

TileWood

Construction

Masonry Brick

Heating

Natural GasBaseboardHot Water(Heating)

Questions & Answers

This 0-bedroom, 7-bathroom residential multi family at 272 State Street is listed at $1,580,000 ($355/sqft). The estimated monthly payment is $6,847 based on 20% down at 6.5% interest.

Key features include: Built in 1894, 0.12 acre lot.

This property is listed by Erin Finley and can be reached at 2078319136 or efinley@shorelineagents.com.

EF

Erin Finley

Agent at RE/MAX Shoreline

(207) 831-9136

Listed by RE/MAX Shoreline · View on Broker Site

MLS# 1666398· Source: listhub· Updated today

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272 State Street, Portland, ME 04101

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