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About This Home

This 0-bedroom, 2-bathroom residential multi family at 850 Washington Avenue in Portland, ME is listed for $849,000 ($389 per sqft). Built in 1864, the home offers 2,184 sqft of living space on a 0.53 acres lot.

Agent Description

Opportunity, flexibility, and location come together at 850 Washington Avenue, a beautifully renovated two-unit property in one of Portland's most exciting growth corridors. Situated on over half an acre, this turnkey investment features two spacious 2-bedroom units, a detached 2-car garage, abundant off-street parking, and an expansive backyard, an increasingly rare find within the city.

Both units have been thoughtfully updated with timeless finishes including white cabinetry, granite countertops, updated appliances, stylish bathrooms, and in-unit laundry. Separate gas and electric meters, along with newer boilers, make ownership and management simple and efficient.

Whether you're an investor seeking a strong addition to your portfolio, an owner-occupant looking to offset your mortgage with rental income, or a parent searching for housing near Portland's rapidly growing educational and innovation district, this property offers exceptional versatility.

Located just minutes from Downtown Portland, Back Cove, Payson Park, Tipo, Monte's Fine Foods, and countless local amenities, the property also benefits from its proximity to the Roux Institute and the transformative investment occurring throughout the surrounding neighborhood.

As Portland continues to emerge as a hub for technology, research, education, and entrepreneurship, demand for housing in this area is expected to remain strong. Live in one unit and rent the other. Add a turnkey asset to your investment portfolio. Secure housing for a student, researcher, or professional while building equity in one of Portland's most desirable markets.

With updated interiors, strong rental appeal, a large lot, garage parking, and an unbeatable location, 850 Washington Avenue presents an opportunity that is becoming increasingly difficult to find in Portland. A smart investment today--and an exciting opportunity for tomorrow! GROUP SHOWINGS TUES/THURS 1-2 PM

Key Features

  • Built in 1864
  • 0.53 acre lot
  • 2 stories

Property Details

2 stories
2 full
1864

Monthly Cost Estimate

$4,541/mo

20% down · 6.5% · 30 years

Principal$614
Interest$3,679
Insurance$248

Estimates only. Actual payments may vary.

Location

850 Washington Avenue

Portland, ME 04103

Property Details

Flooring

WoodTile

Construction

Wood Frame Shingle Siding Wood Siding

Pool Features

PorchDeck

Heating

Hot Water(Heating)Natural GasOther (Heating)

Questions & Answers

This 0-bedroom, 2-bathroom residential multi family at 850 Washington Avenue is listed at $849,000 ($389/sqft). The estimated monthly payment is $3,679 based on 20% down at 6.5% interest.

Key features include: Built in 1864, 0.53 acre lot, 2 stories.

This property is listed by Andrea Page and can be reached at 2078799800 or andrea.page@kw.com.

AP

Andrea Page

Agent at Keller Williams Realty

(207) 879-9800

Listed by Keller Williams Realty · View on Broker Site

MLS# 1665928· Source: listhub· Updated today

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.

850 Washington Avenue, Portland, ME 04103

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