South Portland, ME Apartment buildings for sale

Updated: Jul 1

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 1‑bedroom units, one studio, and a spacious 2‑bedroom owner’s unit.
Approx. 0.60‑acre lot with circular driveway, mature gardens, green space, and a detached 1‑car garage.
Owner’s residence includes a townhouse‑style layout with expansive living areas and a private deck with views toward the Portland skyline and Casco Bay.
Capital improvements include roof work, a rebuilt front fire escape and deck system, electrical upgrades, and exterior improvements.
Heating: efficient natural gas boiler with baseboard heat; owner provides heat and hot water while tenants pay their own electricity.

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This listing looks promising.

Here's a quick look at some key insights for

32 Clemons Street, South Portland, ME 04106

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Est. Cap Rate

6%
Above avg (5.9%)
Est. NOI

$66K
Annual
Price @ 7% Cap

$937K
Suggested
Property Type

Apartments (Generic)
Built 1930

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Updated: May 25

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 built in 1930 on ~0.60 acres
Unit mix: three 1‑bedroom units, one studio unit, and a spacious 2‑bedroom owner unit
~$88,000 net operating income and a 6.4% cap rate (per listing)
Extensive capital improvements include roofing, rebuilt front fire escape and deck system, and electrical upgrades
Efficient natural gas heating system; tenants pay their own electricity, while owner provides heat and hot water via natural gas boiler

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Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 2 Active listings in South Portland, ME, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 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.

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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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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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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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

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

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

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

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 South Portland, ME

Consider similar Off-Market properties in South 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.

Multifamily properties

280 Lincoln St, South Portland, ME 04106

Value Estimation by Request

9,854 sqft 0.69 AC lot

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South Portland, ME Apartment Buildings Market Trends and Statistics

Explore 3 apartment buildings for sale in South Portland, ME on our real estate platform. These investment opportunities span a total of 7,980 square feet of properties for sale, with an estimated market value of $2,200,000.

Sale prices for two-family homes in South Portland, ME start at $1,100,000, averaging $1,100,000, and reaching up to $1,100,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
04106	$1.1M

Neighborhood

Average Price

04106

$1.1M

South Portland, ME Apartment Buildings for Sale

32 Clemons Street, South Portland, ME 04106

32 Clemons Street, South Portland, ME 04106