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    Portland, ME Apartment Buildings for Sale

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    Mixed-Use Retail and Residential Building
    Updated: Jul 13
    Mixed-Use Retail and Residential Building

    671-675 Forest Avenue, Portland, ME 04103

    $1,499,000
    7,446 sqft 0.12 AC lot
    Mixed‑use building with 1 street‑level retail unit and 8 residential units (9 units total)
    Located at the intersection of Forest Ave, Woodford St, and Ocean Ave
    Full finished basement with a loading dock
    Construction materials include masonry, brick, and brick veneer; roof is flat
    Utilities: public water and public sewer
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    This listing looks promising.

    Here's a quick look at some key insights for

    671-675 Forest Avenue, Portland, ME 04103

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    • Est. Cap Rate

      8.2%
      Above avg (5.9%)

    • Est. NOI

      $122K
      Annual

    • Price @ 7% Cap

      $1.75M
      Above asking
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    Turnkey 10-Unit Multifamily
    Updated: Jul 18
    Turnkey 10-Unit Multifamily

    7 Huntress Street, Portland, ME 04102

    $2,195,000
    9,980 sqft 0.24 AC lot
    Professionally managed 10‑unit multifamily asset built in 1910
    Capital improvements include cast iron plumbing replaced with PVC and recent boiler servicing
    Roof work includes repairs to the rubber roof; flat membrane roof
    Nine total parking spaces: four garage bays plus additional off‑street parking
    Interior updates include new carpeting in one unit and right‑side common hallway, new ceilings, updated blinds and interior paint
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    Eastern Promenade Colonial Revival Multifamily
    Eastern Promenade Colonial Revival Multifamily

    63-69 Morning Street, Portland, ME 04101

    $2,690,000
    6,283 sqft 0.17 AC lot

    Rare 5-unit building near Eastern Promenade with flexible layout.

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    Eastern Promenade Multifamily Investment Opportunity
    Eastern Promenade Multifamily Investment Opportunity

    63-69 Morning Street, Portland, ME 04101

    $2,690,000
    6,283 sqft

    Rare 5-unit building near Eastern Promenade with investment and owner-occupancy potential.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Mixed-Use Building with Retail
    Mixed-Use Building with Retail

    671 Forest Avenue, Portland, ME 04103

    $1,499,000
    11,169 sqft 0.12 AC lot

    Includes one street-level retail unit and eight second-floor residential units, with a finished basement and loading dock.

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    Historic Brick Multifamily with Parking
    Historic Brick Multifamily with Parking

    209-211 State Street, Portland, ME 04101

    $2,390,000
    11,000 sqft 0.18 AC lot

    Two separately deeded buildings totaling 10 residential units in a historic brick complex with off-street parking.

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    Multifamily Building with Apartment Mix
    Multifamily Building with Apartment Mix

    146 Sherman Street, Portland, ME 04101

    $1,319,000
    5,650 sqft 0.10 AC lot

    Multifamily building featuring a defined unit mix of 2-bedroom and 1-bedroom apartments under Portland R6 zoning.

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    Mixed-Use Investment Property For Sale
    Mixed-Use Investment Property For Sale

    200 Brackett St & 54 Pine St, Portland, ME 04102

    $1,650,000
    8,172 sqft

    Six-unit investment property with commercial and residential spaces.

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    Well-Maintained 44-Unit Apartment Complex
    Well-Maintained 44-Unit Apartment Complex

    1390 Forest Avenue, Portland, ME 04103

    $9,999,500
    39,592 sqft 3.80 AC lot

    44-unit apartment complex on 3.8 acres in Portland, Maine.

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    10-Unit Apartment Building
    10-Unit Apartment Building

    779 Congress St., Portland, ME 04101

    $10,383,500

    Ten-unit apartment building offered through a scheduled foreclosure auction process with broker participation available.

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    Historic Seven-Unit Brick Apartment
    Historic Seven-Unit Brick Apartment

    272 State Street, Portland, ME 04101

    $1,580,000
    4,454 sqft

    Well-maintained seven-unit brick building with updated bathrooms and kitchens plus keyless entry for efficient tenant access.

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    Mixed-Use Building with Street Retail
    Mixed-Use Building with Street Retail

    671-675 Forest Avenue, Portland, ME 04103

    $1,499,000
    7,446 sqft

    Mixed-use property with one street-level retail unit and eight second-floor residential units, plus a finished basement with loading dock.

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    Downtown Portland Mixed-Use Building
    Downtown Portland Mixed-Use Building

    540 Congress Street, Portland, ME

    $2,975,000
    27,800 sqft 0.58 AC lot

    Mixed-use building with retail and residential units in downtown Portland.

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    44-Unit Apartment Complex with Multiple Buildings
    44-Unit Apartment Complex with Multiple Buildings

    1390 Forest Avenue, Portland, ME 04103

    $9,999,500
    3.80 AC lot

    Forty-four two-bedroom apartments across five buildings, with heat and hot water included and on-site storage and parking.

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    Portland West End Redevelopment Opportunity
    Portland West End Redevelopment Opportunity

    181 Brackett Street, Portland, ME

    $1,875,000
    13,020 sqft 0.16 AC lot

    Redevelopment opportunity in Portland's West End with retail visibility.

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    Adjacent Two-Building Multifamily
    Adjacent Two-Building Multifamily

    55 Atlantic Street 80 Wilson Street, Portland, ME 04101

    Contact for pricing

    Two adjacent multi-unit buildings totaling 15 units with off-street parking and top-floor water views, currently 100% occupied.

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    Based on your search, we've compiled 30 Potential Opportunities for your consideration. Besides 16 Active listings in Portland, ME, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 6 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Five-Unit Multifamily with Owner Unit
    Five-Unit Multifamily with Owner Unit

    32 Clemons Street, South Portland, ME 04106

    $1,100,000
    3,990 sqft 0.60 AC lot

    Five-unit multifamily with three one-bed apartments, one studio, and a two-bedroom townhouse-style owner residence.

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    Scarborough Multifamily Investment Opportunity
    Scarborough Multifamily Investment Opportunity

    90 Broadturn Road, Scarborough, ME 04074

    $2,999,999
    11,478 sqft 9.00 AC lot

    Sixteen-unit multifamily property in Scarborough with recent renovations and strong occupancy.

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    Five-Unit Multifamily with Owner Deck
    Five-Unit Multifamily with Owner Deck

    32 Clemons Street, South Portland, ME 04106

    $1,100,000
    3,990 sqft 0.60 AC lot

    Five-unit multifamily property with three one-bedroom units, one studio, and a spacious two-bedroom owner unit.

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    Multifamily Apartment Building
    Multifamily Apartment Building

    90 Broadturn Road, Unit 1, Scarborough, ME 04074

    $2,999,999
    11,478 sqft

    Residential income property offered for sale in Scarborough, with a stated building size of 11,478.

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Detached Two-Family Residence
    Detached Two-Family Residence

    69 Martense Street, Brooklyn, NY 11226

    $1,888,888
    0.10 AC lot

    Detached two-family home with two 3-bedroom apartments and a semi-finished basement featuring a separate entrance.

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    Land Near Shepherd University
    Land Near Shepherd University

    8285 MARTINSBURG Pike, Shepherdstown, WV 25443

    $650,000
    3.70 AC lot

    Prime land near Shepherd University with development potential.

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    Central Business Zoned Development Land
    Central Business Zoned Development Land

    107 HOWARD Street, La Plata, MD 20646

    $250,000
    0.23 AC lot

    Central Business zoned parcel with plans for a three-story mixed-use building and 15 parking spaces.

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    Asheville Development Opportunity: 5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    215 N Bear Creek Road, Asheville, NC 28806

    $2,500,000
    5.94 AC lot

    5.94-acre parcel zoned RM6, ideal for multi-family development.

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    Off-Market Properties in Portland, ME

    Consider similar Off-Market properties in Portland, ME. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    Winchester Dr
    Multifamily properties

    0 Winchester Dr, Portland, ME 04103

    Value Estimation by Request
    46,944 sqft 2.83 AC lot
    View details
    28 Eastern Promenade
    Multifamily properties

    28 Eastern Promenade, Portland, ME 04101

    Value Estimation by Request
    7,556 sqft 0.15 AC lot
    View details
    214 Park Ave
    Multifamily properties

    214 Park Ave, Portland, ME 04102

    Value Estimation by Request
    2,256 sqft 0.07 AC lot
    View details
    89 Carleton St
    Multifamily properties

    89 Carleton St, Portland, ME 04102

    Value Estimation by Request
    2,257 sqft
    View details
    273 Cumberland Ave
    Multifamily properties

    273 Cumberland Ave, Portland, ME 04101

    Value Estimation by Request
    16,248 sqft
    View details
    429 Deering Ave
    Multifamily properties

    429 Deering Ave, Portland, ME 04103

    Value Estimation by Request
    0.13 AC lot
    View details

    Portland, ME Apartment Buildings Market Trends and Statistics

    Explore 22 apartment buildings for sale in Portland, ME, showcased through 16 active listings on our real estate platform. These investment opportunities span a total of 158,295 square feet of properties for sale, with an estimated market value of $33,860,500.

    Sale prices for two-family homes in Portland, ME start at $1,319,000, averaging $2,604,653, and reaching up to $9,999,500 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 119K
    Population Growth (5Y) +15.6%
    Median Household Income $93,177
    College Educated 60.2%

    High-Yield Neighborhoods for Investment

    Identify Portland submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    04102 $1.9M
    04101 $3.1M
    04103 $3.7M

    Taxes & Financing

    Tax Rate (average for all types) 1.44%
    Property Tax per SF $9.35 per SF
    Tax Rate vs County Average 0.08 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Cumberland County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Cumberland County

    Retail

    Residential Income

    Property Size Breakdown

    The majority of commercial real estate listings in Portland fall within the 100,000+ square foot range.

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    Most Searched ZIP Codes in Portland, ME

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    • 04103
    • 04102

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