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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.
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
Monthly Cost Estimate
$8,450/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
272 State Street
Portland, ME 04101
Property Details
Flooring
Construction
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.








