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Listed by Christopher St.Pierre EXP Realty
$ 1,319,000
Est. payment /mo
Active
146 Sherman ST Portland, ME 04101
5,650 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,650 sqft
Price per Sqft $233
MLS Listing ID 1668100
HOA Y/N No
Year Built 1910
Tax Year 2026
Lot Size 4,356 Sqft
Acres 0.1
Property Sub-Type Multi Family
Source Maine Listings
Land Area 5650
Property Description
Prime 5-unit multifamily investment opportunity in Portland's desirable West End. Featuring four 2-bedroom units and two 1-bedroom units, this income-producing property offers excellent tenant demand, and future upside potential. Owner initiated process to legalize 6th unit with fire escape addition but was unable to resolve with the city. The current owner has offered the units to his employees at a discounted rental rate. The property had a safety inspection completed by the city with the third floor broken up into two, two-bedroom units instead of one combined four-bedroom unit. Conveniently located minutes from Downtown Portland, Maine Medical Center, restaurants, shops, and public transportation. A rare opportunity to acquire a well-located multifamily asset.
Group showings: Tuesday, June 23rd at 10am - 11:30am Thursday, June 25th at 12pm - 1:00pm
All showings after group showings will be by appointment only. Allow at least 24 hours to notify tenants.
Group showings: Tuesday, June 23rd at 10am - 11:30am Thursday, June 25th at 12pm - 1:00pm
All showings after group showings will be by appointment only. Allow at least 24 hours to notify tenants.
Location
State ME
County Cumberland
Zoning R6
Rooms
Basement Full, Unfinished, Brick/Mortar
Interior
Heating Gas Natural, Baseboard, Hot Water, Zoned, Radiator
Cooling None
Flooring Carpet, Vinyl, Wood
Exterior
Parking Features None, Off Street
Roof Type Pitched,Shingle
Building
Lot Description Near Shopping
Foundation Block, Stone, Brick/Mortar
Water Public
Others
Tax ID PTLD-000048-E000001-000001
Virtual Tour https://hommati.tours/tour/2649330?play=no&mls=yes
