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    South Portland, ME Apartment Buildings for Sale

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    Portland, ME Cape Elizabeth, ME Scarborough, ME Falmouth, ME Long Island, ME Westbrook, ME Gorham, ME Cumberland, ME
    Mixed-Use Building with Restaurant Space
    Updated: Aug 15, 2024
    Mixed-Use Building with Restaurant Space

    60 Ocean Street, South Portland, ME 04106

    $3,395,000
    9,640 sqft
    6,006 +/- SF of restaurant space
    Six apartments totaling 3,634 +/- SF
    Eight off‑street parking spaces
    Built in 2019
    VC zoning
    View details
    Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 1 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

    Opportunities in Nearby Cities

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

    10-Unit Apartment Building
    10-Unit Apartment Building

    7 Huntress Street, Portland, ME 04102

    $2,100,000
    9,980 sqft 0.24 AC lot

    R6-zoned residential property with garage and off-street parking, laundry equipment, and recent building updates.

    View details
    Mixed-Use Building with 36 Apartments
    Mixed-Use Building with 36 Apartments

    79 Bramhall Street, Portland, ME 04102

    $9,000,000
    50,440 sqft 0.87 AC lot

    Ground-floor commercial space complements upper-level residences, with rooftop cell tower leases and on-site parking.

    View details
    10-Unit Multifamily Apartment Building
    10-Unit Multifamily Apartment Building

    7 Huntress Street, Portland, ME 04102

    $2,100,000
    9,980 sqft

    Professionally managed 10-unit building with recent interior updates, new laundry equipment, and nine on-site parking spaces.

    View details
    Mixed-Use Building with Apartments
    Mixed-Use Building with Apartments

    79 Bramhall Street, Portland, ME 04102

    $9,000,000
    50,440 sqft

    Upper-floor residences include in-unit laundry and dishwashers, with elevator access and on-site parking.

    View details

    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.

    280 Lincoln St
    Multifamily properties

    280 Lincoln St, South Portland, ME 04106

    Estimated value: by Request
    9,854 sqft 0.69 AC lot
    View details

    South Portland, ME Apartment Buildings Market Trends and Statistics

    Explore 2 apartment buildings for sale in South Portland, ME on our real estate platform. These investment opportunities span a total of 9,640 square feet of properties for sale, with an estimated market value of $3,395,000.

    Sale prices for apartment complexes in South Portland, ME average $3,395,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 27K
    Population Growth (5Y) +4.4%
    Median Household Income $83,744
    College Educated 33.5%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    04106 $3.4M

    Taxes & Financing

    Tax Rate (average for all types) 1.41%
    Property Tax per SF $23.17 per SF
    Tax Rate vs County Average 0.10 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

    Office

    Residential Income

    Property Size Breakdown

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

    How Realmo verifies these figures

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    • 04106

    Featured South Portland Real Estate Agencies

    Realmo connects you with licensed South Portland CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Regency Realty Group
    762 Main Street South Portland, ME 04106
    Phone: (207) 838-4270
    www.regencyme.com
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