Triplex with Backyard
For Sale
$1,195,000
103 Monument Street, Portland, ME 04101
MULTI_FAMILY - Colonial - Portland, ME
Property Size2,917 SF
Lot Size0.07 Acres
Price / SF$409.67
Days on Market21
Property Features for 103 Monument Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RN-4
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Basement, Bathroom 2, Bathroom 3
Patio and Porch features
Deck
Pets allowed
No
Interior features
1st Floor Bedroom, One-Floor Living, Storage
Fencing
Fenced
Basement
Unfinished, Full
Appliances
ENERGY STAR Qualified Appliances
Lot features
Well Landscaped, Intown, Near Public Beach, Near Town, Neighborhood
Standard status
Active
Size
2,917 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
12030
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Hot Water(Heating)
Water source
Public
Amenities
deck
garden
Building Details
Year built
1899
Floors in Building
3
Number of units
3
Flooring type
Wood, Carpet
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Colonial
Additional Structures
Storage
Listing Agency:
Keller Williams Realty
(207) 879-9800
Listed By:
Sierra Curtis · License #SA923752
(207) 701-6410
Added: Jul 17
Changed: Aug 1
Last Checked: Aug 6 at 10:06AM
MLS# 1654675
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This three-unit triplex offers well-maintained residential income with a Colonial architectural style and one-floor living elements. Built in 1899, the home is wood-frame with vinyl siding and features hot water heating with natural gas. Interior amenities include a first-floor bedroom, storage, and carpet and wood flooring, and the property includes ENERGY STAR qualified appliances. Outdoor space is highlighted by a rear deck and a fenced backyard with established plantings, including an apple tree and flower boxes.
The property sits on a 0.07-acre lot and totals 2,917 square feet. Public water and public sewer are provided. Separate utilities support individual operations across the units. The driveway provides parking for 6+ vehicles.
Units 2 and 3 offer peekaboo water views, and Unit 3 includes views toward Portland’s city skyline and sunset exposure. All three units are described as two-bedroom layouts, supported by convenient bedroom and deck access in Unit 1.
The property sits on a 0.07-acre lot and totals 2,917 square feet. Public water and public sewer are provided. Separate utilities support individual operations across the units. The driveway provides parking for 6+ vehicles.
Units 2 and 3 offer peekaboo water views, and Unit 3 includes views toward Portland’s city skyline and sunset exposure. All three units are described as two-bedroom layouts, supported by convenient bedroom and deck access in Unit 1.
Key Highlights
- Three‑unit triplex with Colonial style and year built 1899
- 0.07‑acre lot and 2,917 SF total building area
- Rear deck plus fenced backyard with established plantings and apple tree
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $78.8k | $27.00 |
| − Vacancy | −$5.1k | −$1.76 |
| EGI | $73.6k | $25.25 |
| − OpEx | −$22.1k | −$7.57 |
| NOI | $51.5k | $17.67 |
2,917 SF · lease $27.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$736.4K
$644.4K – $859.1K
NOI $51,548 @ 7.0% cap · market cap 4.31%
Second Best
Apartment 5plus
$685.1K
$599.5K – $799.3K
NOI $47,957 @ 7.0% cap · market cap 4.01%
Theoretical Best
Office A
$801.7K
$701.5K – $935.4K
NOI $56,122 @ 7.0% cap · market cap 4.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
4,076
Businesses Nearby
Explore this area
Business Placement
Demographics for 04101, ME
18,109
Population
11,510
Households
1.6
Avg Household Size
36
Median Age
57%
College-Educated
93%
High-School Grad
2.0 sq mi
ZIP Area
9,055
Density / Sq Mi
$60,726
Median Household Income
$45,009
Median Earnings
$1,457
Median Rent
$600,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit triplex in RN-4 zoning with a rear deck, fenced backyard, and separate utilities near Portland’s East End amenities.
Where is this triplex located?
The property is located at 103 Monument Street Portland, ME.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Three‑unit triplex with Colonial style and year built 1899; 0.07‑acre lot and 2,917 SF total building area; Rear deck plus fenced backyard with established plantings and apple tree
