# 272 State Street, Portland, ME 04101

> **TL;DR:** 0bd/7ba residential multi family, $1,580,000 ($355/sqft), built 1894, 4,454 sqft. Est. $6,847/mo.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,580,000 |
| Price/sqft | $355 |
| Bathrooms | 7 full |
| Square Feet | 4,454 |
| Year Built | 1894 |
| Lot Size | 5,227 sqft (0.12 acres) |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 0 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $6,847 |
| **Total** | **$6,847** |

## Property Highlights

- Built in 1894
- 0.12 acre lot

## Description

### 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 location 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.

## Location

- **Address:** 272 State Street, Portland, ME 04101
- **County:** Cumberland
- **Coordinates:** 43.656215, -70.26856
- **Google Maps:** https://www.google.com/maps?q=43.656215,-70.26856

## Listing Agent

- **Name:** Erin Finley
- **Brokerage:** RE/MAX Shoreline
- **Phone:** 2078319136
- **Email:** efinley@shorelineagents.com

## Primary Photo

![272 State Street - Primary Photo](http://lh.rdcpix.com/5c6729c937368ac2432c4328483710e4l-f2506800009r.jpg)

*31 total photos available on [listing page](https://www.propertysimple.com/listing/272-state-street-portland-me-04101-1666398)*

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**MLS#:** 1666398 | **Updated:** 2026-06-18
**Source:** listhub

*Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/272-state-street-portland-me-04101-1666398)

---

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