345138942535930

Multi-Family for Sale: 523 Washington Avenue, Portland, ME 04103

12 full baths
$2,100,000
$2,100,000
523 Washington Avenue, Portland, ME 04103
12 full baths
$2,100,000
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Walk Score
53
Price:
$2,100,000

Type: Multi-Family
Style: Multi-Level
Total Baths: 12 full baths
Square Feet: 11,896 sqft
Lot Size: 0.57 acres
Year Built: 1905
Taxes Paid: $24,083

City: Portland
County: Cumberland

MLS: 1543356
Status: Active
DOM: 21 days
Listed by Vitalius Real Estate Group, LLC
12-units on a huge lot close to downtown, Portland's Back Cove, and the future Roux Institute campus. These side-by-side 6-unit buildings enjoy a large yard and parking lot for 16 +/- cars. There is good stabilized cash flow and additional income potential simply by increasing existing subsidized units to the allowable maximum. Both buildings are in remarkably good shape, one having had a fire some years ago was essentially rebuilt from the studs with a sprinkler system. Tenants love the sunny 2 & 3 bedroom layouts, decks, green space, ample parking for two cars per apartment, proximity to Payson Park and easy access to 295. Potential to add two more units on the parcel means even more upside potential.

Room Features

Basement Description: Full, Unfinished

Lot & Building Features

Amenities: Deck, Sprinkler, Porch, Laundry - Hookup
Construction: Wood Frame
Cooling: None
Heat Source: Gas Natural
Heating: Steam
Parking Description: 11 - 20 Spaces, Paved, On Site
Tax Year: 2021
Taxes Paid: $24,083
Water: Public

Price History of 523 Washington Avenue, Portland, ME

Date Name Price Difference
09/16/2022 Listing Price $2,100,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 523 Washington Avenue, Portland, ME

Location Map Street View Walk Score Bird's Eye
Photo of Kim Gero
Kim Gero
REALTORĀ®
Direct: 603-452-7268
Office
22 South Main St | PO Box 450
Wolfeboro, NH 03894
603-569-6060
MREIS

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Vitalius Real Estate Group, LLC

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, non-commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. ©2022 Maine Real Estate Information System, Inc. All Rights Reserved. This web site does not display complete Maine Listings. Certain Maine Listings of other real estate brokerage firms have been excluded.