About This Home

This 0-bedroom, 3-bathroom residential multi family at 31 Bates Street in Portland, ME is listed for $1,395,000 ($583 per sqft). Built in 1916, the home offers 2,393 sqft of living space on a 0.16 acres lot.

Key Features

  • Built in 1916
  • 0.16 acre lot
  • 3 stories

Property Details

3 stories
3 full
1916
Listing Description

Wake up to sweeping views of Back Cove and the Portland skyline from this rare three-unit property in one of the city's most desirable locations. Step out your door to the Back Cove Trail for morning walks, or enjoy coffee on your deck while taking in the water views.

With strong rental income potential, this property offers the ideal opportunity to offset your mortgage while living in a premier setting. The owner-occupant third floor unit is filled with natural light and features 1 bedroom and 1 bathroom with an open kitchen, dining, and living area.

Two private decks extend the living space outdoors, including one with views overlooking Back Cove. The second floor spans the entire level and offers exceptional light throughout. It includes a spacious living room, a separate dining room with original built-ins, a large kitchen, two well-sized bedrooms, and an updated bathroom.

A private deck completes this inviting unit. The first floor also occupies the full level and features a sun-filled layout with a spacious living room and gas fireplace, a dining room with built-ins, and an updated kitchen with granite countertops and new cabinetry.

This unit also enjoys a private deck for outdoor living. The basement provides dedicated storage for each unit along with coin-operated laundry. Additional amenities include parking for up to five vehicles and a rare two-car garage. Numerous updates have been completed in recent years, making this a well-maintained and versatile investment opportunity. A truly special offering on Back Cove that combines location, views, and income potential.

Monthly Cost Estimate

$7,461/mo

20% down · 6.5% · 30 years

Principal$1,009
Interest$6,045
Insurance$407

Estimates only. Actual payments may vary.

Location

31 Bates Street

Portland, ME 04103

Features & Amenities

Interior Features

One-Floor Living

Property Details

Flooring

CarpetWood

Construction

Wood Frame Vinyl Siding

Pool Features

Deck

Heating

Natural GasBaseboardElectric (Heating)

Questions & Answers

This 0-bedroom, 3-bathroom residential multi family at 31 Bates Street is listed at $1,395,000 ($583/sqft). The estimated monthly payment is $7,461 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1916, 0.16 acre lot, 3 stories. Interior Features: One-Floor Living.

This property is listed by Rachel Davey and can be reached at 2073181102.

RD

Rachel Davey

Agent at Vitalius Real Estate Group, LLC

(207) 318-1102

Listed by Vitalius Real Estate Group, LLC · View on Broker Site

MLS# 1668759· Source: listhub· Listed today

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31 Bates Street, Portland, ME 04103

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