Located in one of Portland's most sought-after neighborhoods, this well-positioned two-unit property offers a great opportunity for investors or owner-occupants alike! Each unit features 2 bedrooms and 1 bathroom, with separate utilities and off-street parking. Enjoy the convenience of being just minutes from the Back Cove Trail, local restaurants, shops, downtown Portland, Cheverus High School, and Northeastern University's Roux Institute. Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the other, this property offers flexibility and potential in a fantastic location. An opportunity you won't want to miss!
Prime Portland Investment Opportunity! Calling all investors, contractors, and visionaries. Located in a highly desirable Portland neighborhood, this 2-unit duplex at 15 Russell Street offers a rare chance to bring a multi-family property back to life. Priced aggressively this building is a true blank canvas awaiting a complete top-to-bottom renovation. Whether you are looking to execute a full condo-conversion, design a premium owner-occupied multi-family, or add a high-yield rental asset to your portfolio, the potential here is unmatched. The property requires extensive rehabilitation and is being sold strictly as-is, making it an ideal candidate for cash buyers or 203k/construction financing. Capitalize on Portland's exceptionally strong rental market and severe inventory shortage. Properties with this level of value-add potential are increasingly rare. Bring your architect, your contractor, and your imagination to unlock the immense equity waiting within these walls.
GROUP SHOWINGS: Two group showings are scheduled for Friday, 10/9, and Monday, 10/12, both from 12:00-1:00 PM. Agents and buyers are welcome to arrive anytime during either one-hour showing window. No appointment necessary. Located in one of Portland's most convenient and connected neighborhoods, with an exceptional 95 Walk Score, this is a location where a car is optional—although three coveted off-street parking spaces come with the property! Walk to in-town action, nearby Deering Oaks Park, restaurants, shops, trails and the energy surrounding Bayside, one of Portland's most dynamic and evolving neighborhoods. This well-maintained three-family offers flexibility, income and an outstanding owner-occupied opportunity. Two beautifully updated, condo-quality units are vacant and ready for their next chapter. The current owners have utilized the top floor for Airbnb with tremendous success and terrific rental history, while the first floor is occupied by a wonderful long-term tenant who would like to stay and is currently at will. Each unit has separate heat, hot water and electricity. Out back, a private yard creates a surprising urban retreat. Downstairs, the daylight basement offers even more possibilities. While unfinished, it could become a workshop, home office, creative space or the perfect headquarters for all your urban biking adventures. Why settle for a condo when you can own a condo-quality home while building equity and generating income under the same roof? This is a compelling opportunity to live affordably, invest intelligently and enjoy one of Portland's most walkable locations. Priced to sell—don't wait. Schedule your private tour today!
Investors, this one checks all the boxes for an income property or for owner-occupied living. This stately 1912 Victorian with three fully leased apartments in Portland's North Deering neighborhood generates $74,400 in gross annual income. The building offers TWO 2BR/1BA units ($2,400/month on the first floor and $2,100/month on the 2nd floor), and a 1BR/1BA third-floor unit ($1,700/month), each with separate utilities. Landlord pays water & sewer for all. The 3rd-floor unit is income-controlled by the City of Portland - seller currently pays the unit's utilities. Unit 2 is leased through the end of 2026. Units 1 & 3 have leases in place through 10/1/2027. Period charm abounds, with two fireplaces, a large front porch, built-in cabinetry, and original molding, complemented by thoughtful modern updates. 2021 updates include the first-floor kitchen-new cabinets, a butcher block island, and new appliances, including a natural gas range, an added doorway to the dining room, a replaced ceiling in the middle bedroom, and fresh paint throughout unit 1. In 2022, a new sewer line was installed along with a new heater for the second-floor front stairwell. In 2024, the second floor was repainted, its kitchen floor was refinished, and washer/dryers were added for units 2 and 3, so each unit has its own laundry set (landlord owned.) In 2025, an electric hot water heater for the 2nd floor and updated sprinkler system electrics were installed. In 2026, the exterior was painted, a new storm door was installed, landscaping was completed, and the interior stairs were freshly painted. Set on a level 0.29-acre lot near Yale Street, the property also includes a detached 2-car garage, a storage shed and ample off-street parking. Enjoy a convenient location close to UNE's Dental School, shopping, public transit, and great restaurants, with easy access to I-95, I-295, and the airport. This well-maintained, fully occupied investment property is ready for you!
Circa 1866, this multi level New Englander has 3 one-bedroom units situated on a quiet, tree-lined street in the desirable West End of Portland, Maine. This property offers excellent walkability, making it easy to enjoy nearby shops, dining, and local amenities. On site laundry and a spacious parking area with off street designated parking for all tenants. Full of historic character, the building has been updated with improvements including heating, roof and utilities split for each unit. Ideal for an owner-occupant or investor. This is a fantastic opportunity to own in one of Portland's most sought-after neighborhoods.
A truly exceptional opportunity in the heart of Munjoy Hill, one of Portland's most coveted neighborhoods. This beautifully updated three-unit property offers the rare combination of refined owner-occupied living and strong investment potential, all just moments from the acclaimed restaurants, cafés, breweries, and boutiques of Washington Avenue and the sweeping waterfront beauty of the Eastern Promenade. Occupying the entire third floor, the owner's residence has been thoughtfully reimagined with sophisticated finishes and modern comforts. A stunning designer kitchen, spacious spa-inspired bath, and energy-efficient heat pump create an inviting retreat above the city. The living room is bathed in natural light and captures breathtaking sunset views. Seasonal glimpses of Casco Bay provide a constant reminder of Portland's coastal charm. The first- and second-floor apartments have been tastefully renovated, featuring attractive kitchens, updated baths, and in-unit laundry facilities. Each residence enjoys its own private outdoor deck space and access to a charming backyard oasis—an uncommon amenity in this vibrant urban setting. Additional highlights include a one year old high efficiency gas boiler and three deeded off-street parking spaces, a highly sought-after convenience on Munjoy Hill. The current rental income provides immediate value with future upside potential, and the property's owner-occupied unit offers the benefit of exemption from Portland's rent control ordinance. Whether you're seeking an elegant urban residence with income-producing apartments, a multigenerational living arrangement, or a premier investment in one of Maine's most desirable real estate markets, this remarkable property delivers a lifestyle and opportunity that rarely come to market.
A classic Portland triple decker in the East Deering neighborhood, offering a rare dual opportunity: strong rental income for investors, or immediate move-in potential for owner-occupants (second floor has been left vacant) looking to offset their mortgage with rental income. The numbers: a strong existing rent roll of $8,240 per month, plus coin-operated laundry income of $1k per year, with 11 off-street parking spaces on site — a major advantage in Portland. Built in 1900 and spanning 4,107 total square feet, all three units share an unusually generous layout, each with three bedrooms, one bathroom, a living room, dining room, kitchen, pantry, private storage, and outdoor porches for 2 of the units — giving tenants comfortable, functional living space that's increasingly hard to find. Hardwood floors run throughout, and updated kitchens add lasting value across all three units. The building has been well maintained, with all major systems — including the roof and complete building rewiring — updated and/or in good working order, offering real peace of mind for the next owner. Location is a standout, just minutes from I-295 and downtown with a bus stop close by for easy commuting. Back Cove's scenic running trail and the new Roux Institute campus are both within walking distance, putting green space and everyday amenities right at your doorstep. Whether you're an investor seeking dependable cash flow or a buyer ready to live in one unit while tenants help cover the mortgage, this classic triple decker delivers on both fronts.
Opportunity awaits at this well-located two-unit property in Portland. Each spacious unit offers two bedrooms, one full bath and a comfortable five-room layout, with dedicated electric meters and water heaters. Currently tenant-occupied, generating rental income and offering an appealing option for investors or owner-occupants looking to offset their mortgage with rental revenue. Several major exterior and mechanical improvements have already been completed, including a newer furnace, water heater and roof. A full unfinished basement provides additional storage with laundry, while the attic offers potential to expand the second-floor unit, subject to applicable approvals. The paved driveway provides plenty of off-street parking—a valuable convenience in Portland. Located in a Multi-Use Commercial zone with excellent visibility and convenient access to shopping, local businesses, major roadways and the Maine Turnpike, the property may also offer possibilities for a home-based or small-business use. A versatile Portland property offering rental income, ample parking, recent major improvements and future potential!
Follow the red brick driveway to this charming West End home with an adorable back yard and full barn! The owner's unit is both cozy and spacious, offering three bedrooms and two full baths on two floors. The historic charm is complimented by tastefully a renovated kitchen and updated bathrooms. The layout provides a nice first-level living option if desired, while the second floor includes two additional bedrooms connected by a Jack-and-Jill bathroom. The one-bedroom apartment has a private entrance and feels very distinct from the larger unit, with plenty of character of its own, and a lovely layout that is both open and yet feels like a West End hug.
Turnkey, updated, and ready for its next owners! This charming Portland two-family combines move-in-ready living with the opportunity to offset housing costs through rental income. The beautifully updated first-floor unit features two spacious bedrooms, hardwood floors, granite countertops, open concept living area, and in-unit laundry. Upstairs, the bright one-bedroom unit offers an updated kitchen and bath, abundant natural light, and its own washer and dryer. Separate utilities add to the ease of ownership. The oversized two-car garage with steel I-beams is a standout feature, offering generous space for vehicles, hobbies, a home gym, storage, or a workshop. A freshly painted exterior, welcoming front porch, and yard space add to the appeal. Enjoy a convenient location within walking distance of Deering Oaks, the farmers market, Hadlock Field, USM, playgrounds, and downtown Portland's shops and restaurants. The property is not currently subject to Portland's rent-control ordinance. Zoning allows up to four units on a lot of this size, offering future development potential, subject to municipal requirements and approvals. Buyer to verify specifics with the city. Come see how this updated two-family could fit your next chapter.
Situated on a 7,840-square-foot lot in Portland's desirable Deering Center neighborhood, this well-maintained two-unit multifamily offers approximately 3,788 square feet of finished living space and an appealing opportunity for both owner-occupants and investors. Each unit features 3 bedrooms, a full bath, kitchen, and living room, while the second-floor unit extends to the fully finished third floor, creating the flexibility for an expansive 9-room residence with 4 bedrooms and 2 full baths—ideal for an owner seeking additional living, work-from-home, or guest space. Major capital improvements are complete, including brand-new vinyl siding, rebuilt porches with composite decking, modern vinyl double-pane windows, and a recent conversion to natural gas with new Buderus boilers and gas water heaters. These significant upgrades allow the next owner to enjoy the property without immediately taking on many of the major exterior and mechanical projects common with multifamilies. The property also features a detached two-car garage with generous walk-up storage above, ample off-street parking, and an invisible pet fence surrounding the backyard. The finished third floor includes a kitchen with appliances, living room, family room, full bath, and large bedroom, providing exceptional flexibility as part of the upper unit. Buyers interested in exploring alternative future uses of this space (an additional unit) are encouraged to conduct their own due diligence regarding any required modifications and City of Portland approvals. Current income does not reflect the property's potential future income. Owner-occupied 1st-floor unit generates no rent; the at-will 2nd-floor tenant pays $1,400/month, below prevailing rents for comparables. Future income could change materially if the 1st-floor unit is rented and/or existing rents are adjusted over time in accordance with applicable requirements.
Highly sought after Deering Center address, perfectly located for those looking for a quiet home near Baxter Woods, walking distance to Deering Center, Woodfords Corner, Back Cove Trail, and within a few minutes of Downtown Portland. This Portland 2-family is a classic but with a little more of everything than most: generously sized bedrooms, updated kitchen and baths, front and back porches for each unit, a masonry construction garage, large usable basement with walk-out access. The real surprise comes when you enter the third floor - the vaulted ceiling in a grand bonus room plus two more bedrooms and a half bath. 35 Clinton is a special property in the world of Portland 2-units!
Welcome to this well-maintained two-unit ranch located at the end of a dead-end street in Portland. Offering a peaceful setting while remaining conveniently located within the city, this property provides an excellent opportunity for investment or multi-generational living. The first unit features three bedrooms, one bathroom, a spacious and functional floor plan, and a large back deck offering additional outdoor space. The second unit offers two bedrooms, one bathroom, and an open-concept living, dining, and kitchen area. Both units have been occupied by long-standing tenants for many years, providing valuable rental history and stability. Conveniently located within walking distance of schools and close to Portland's many amenities, this versatile property offers a desirable combination of location, functionality, and investment potential. The three bedroom unit will be vacant prior to closing, presenting an excellent opportunity for an owner occupant to move right in while enjoying the benefits of an investment property.
Welcome to 12 North Street, a 3-unit multifamily home located in the heart of Portland's Munjoy Hill neighborhood. This property combines classic Portland character with thoughtful, high-quality updates. The fully renovated third-floor unit features upscale finishes, exposed wood beams, tile shower and a soaking tub, while the second-floor unit has benefited from recent improvements including kitchen updates, new bathroom flooring, and updated light fixtures. Outside, the shared yard has been transformed into an inviting urban retreat with a new patio, natural landscaping, and raised cedar garden beds, ideal for outdoor dining, gardening, or entertaining. With restaurants, coffee shops, neighborhood markets, and other amenities just steps away, and both the Old Port and I-295 within a mile, the location offers easy access to everything Portland has to offer. Whether you're an investor looking to add a well-positioned property to your portfolio or an owner-occupant looking to offset your mortgage with rental income, 12 North Street offers an appealing combination of location, condition, and versatility.
Exceptional opportunity in Portland's desirable Rosemont neighborhood! 14-16 Montrose Avenue offers three spacious residential units, numerous updates, a detached 3-car garage and a location that continues to make this neighborhood one of Portland's most sought-after residential areas. Each of the three units offers generous living space, creating an attractive opportunity for investors as well as an owner-occupant looking to combine comfortable living with rental income. Numerous improvements have been completed throughout the property, while the detached three-car garage provides valuable parking and storage rarely found with Portland multi-units. Adding another interesting dimension, the property's deed describes the premises as two lots within the historic Rosemont subdivision, and City parcel mapping depicts two underlying parcels. The existing 3-unit and detached garage are situated on opposite parcels. This configuration may offer intriguing future possibilities for a buyer willing to explore the property's development potential with the City of Portland. A rare combination of three substantial units, a 3-car garage, desirable neighborhood setting and potential future upside—all just minutes from downtown Portland. Development potential has not been approved or confirmed. Buyers are responsible for independently verifying permitted uses and development potential with the City of Portland.
Investors and house hackers - this downtown Portland 3-unit offers a strong income with two 3-bedroom units currently renting for $2,700/month each, while the vacant third-floor 2-bedroom gives you the opportunity to generate more income, move in yourself, or make further improvements to build additional equity. The property is equipped with a sprinkler system, separate electric, and a single gas meter. Add to your investment portfolio or offset your housing costs with rental income.
A rare opportunity in Portland! Offered for sale for the first time, 94 Pleasant Avenue is a well-maintained four-unit property that blends historic character, spacious living, and strong income potential. The standout first-floor unit offers an impressive three bedrooms and two bathrooms, making it an ideal option for an owner-occupant looking to offset their housing expenses with rental income. Filled with natural light and character, the unit features beautiful hardwood floors, generous living space, separate dining area, a spacious kitchen, and charming architectural details throughout. The property also includes two one-bedroom units and one two-bedroom unit, providing a versatile unit mix that appeals to a broad rental market. Tenants pay their own heat and hot water, helping keep operating expenses manageable for the owner. From the inviting front porch and distinctive period architecture to the rear porches and spacious units, this property offers the character buyers love in Portland multifamily homes. Whether you're looking to owner-occupy, add to an investment portfolio, or secure a four-unit property with excellent income potential, this is an opportunity that doesn't come along often.
Exceptional 2-unit multi-family in the heart of Portland's Parkside neighborhood! This rare peninsula property is perfect for an owner-occupant or investor, offering highly coveted private outdoor spaces for both units. The 1st-floor unit features 2 bedrooms and steps directly out to an exclusive, private garden oasis—an ideal urban retreat. The upper unit is a sprawling 3-bedroom, 2-level townhouse spanning the 2nd and 3rd floors. Its crowning jewel is a spectacular private rooftop deck boasting views overlooking Back Bay. Enjoy a highly walkable location just moments from Deering Oaks Park, local bakeries, renowned dining, Maine Medical Center and the scenic Back Cove trails. A standout investment where every unit boasts its own private sanctuary!
Tucked into Portland's Pleasant Street neighborhood, 11 South Street is perfectly poised for an owner-occupier. This handsome brick three-unit building offers a newly renovated and vacant first-floor (2BR) unit that has been thoughtfully updated top to bottom - featuring a brand-new kitchen with all-new appliances, an updated bath, new wood floors and fresh interior paint throughout. The two-story top unit (2BR) boasts sweeping city views from its private deck along with a fireplace and wide pine floors. A 1-bedroom garden unit on the lower level rounds out the building. Historic character shines throughout — original brick, fireplaces, and pine floors you can't replicate today. Ample on-site tandem parking and an outbuilding for additional storage. Commercial zoning adds valuable flexibility for a live/work setup or future use. Steps from Downtown and neighborhood favorites Artemesia, Bread & Friends and Yosaku, this location can't be beat. A true must-see for owner-occupants, investors and business owners alike.
103 Read Street presents a substantial 1.41 acre offering in Portland, combining an existing three unit property with three additional vacant lots and compelling long term potential. The existing multi-family includes three residential units, while the additional acreage creates an opportunity to explore a range of future uses or development possibilities. A conceptual development plan explores the potential of an 8-16 unit Cottage Court community, subject to municipal review and approvals. The location offers convenient access to Back Cove, Baxter Boulevard, Payson Park, USM, downtown Portland, public transportation, and major commuter routes. With significant acreage in an established Portland neighborhood, 103 Read Street offers an intriguing opportunity for an investor, developer, or buyer looking to take a longer term approach to the property. Property is being sold as-is.
Prime mixed-use building in Portland's Arts District, across the street from Portland Museum of Art's expansion project; ideal for redevelopment. This 7969 SF structure features 4141 SF of retail space, currently the iconic Mathew's Pub, also known as Portland's oldest pub. This space has a full kitchen and 1490 SF roof deck. If desired, sale includes business establishment. Above the retail area you will also find 8 fully leased residential apartments and an unfinished 766 SF attic area. Imagine the possibilities...Also listed commercial MLS #1677098
Fantastic investment opportunity in Portland's desirable Back Cove neighborhood, just off Ocean Avenue. This well-maintained two-unit with a buildable lot features two bedrooms and one full bath in each unit, providing comfortable and functional living spaces. Separate utilities add convenience for both owners and tenants, while off-street parking is a valuable bonus in this sought-after location. Adding even more potential, the property includes a buildable lot, creating an exciting opportunity for future development, expansion, or additional investment. Ideally situated near Cheverus High School and the Roux Institute at Northeastern University, with convenient access to Back Cove, local trails, neighborhood amenities, downtown Portland, and all that the city has to enjoy. A unique opportunity combining income potential, future possibilities, and an exceptional Portland location.
Offered for the first time in decades, this well-located 3-unit multi-family property in Portland's desirable Oakdale neighborhood. Each unit is equipped with its own private laundry, separated electricity, and natural gas, as well as a off-street parking. Just moments from Woodford's Corner, residents can enjoy an array of local restaurants, shops, cafes, and neighborhood amenities. Outdoor enthusiasts will appreciate the nearby trails and recreational opportunities along Back Cove. For commuters, I-295 is only 0.75 miles away, while the vibrant restaurants, shops, waterfront, and entertainment of Portland's Old Port are approximately 1.5 miles from the property. The flexible three-unit layout presents an excellent opportunity for an investor, owner-occupant, or anyone looking to build equity in one of Portland's sought-after neighborhoods.


Portland is located in Maine. Portland, Maine has a population of 68,063. Portland is less family-centric than the surrounding county with 28.1% of the households containing married families with children. The county average for households married with children is 30.7%.
The median household income in Portland, Maine is $66,109. The median household income for the surrounding county is $80,679 compared to the national median of $69,021. The median age of people living in Portland is 36.9 years.
The average high temperature in July is 78.8 degrees, with an average low temperature in January of 10.8 degrees. The average rainfall is approximately 48.9 inches per year, with 61 inches of snow per year.