Two-Unit Building with
115 Woodford Street Portland, ME 04103
For Sale
$825,000
MULTI_FAMILY - Other - Portland, ME
Property Size2,840 SF
Lot Size0.11 Acres
Price / SF$290.49
Days on Market52
Property Features for 115 Woodford Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3
Bathrooms
2
Rooms
Bathroom 2, Basement, Bathroom 1
Parking features
Off Street
Patio and Porch features
Porch
Interior features
Attic, Shower
Basement
Full, Unfinished
Standard status
Active
Size
2,840 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
8440
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Baseboard, Electric (Heating)
Water source
Public
Building Details
Year built
1870
Floors in Building
2
Number of units
2
Flooring type
Tile, Bamboo, Wood, Vinyl
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
Legacy Properties Sotheby's International Realty
(207) 780-8900
Listed By:
Mary Jo Cross
(207) 671-4006
Added: Jun 8
Changed: Jul 11
Last Checked: Jul 29 at 3:06AM
MLS# 1666074
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 well-maintained two-unit building offers a straightforward duplex layout with shared exterior access and a double-width driveway that comfortably parks four cars. Interior finishes include bamboo wood flooring and granite kitchens in both units. In addition to the two living levels, there is a third floor that can lend itself to a home office or other flexible use, depending on how the space is configured for an owner or tenant.
Located in the Woodfords Corner/Back Cove area of Portland, the property is described as being very close to the Boulevard and other urban amenities. The setting supports day-to-day convenience for residents who want nearby services and neighborhood access.
For owner-occupants or buyers looking for residential income, the combination of two complete units, consistent kitchen and flooring finishes, and off-street parking makes the property easy to evaluate for live-in-and-lease arrangements. The third-floor space also adds optionality for an office, work-from-home use, or additional in-unit function, subject to tenant or household needs.
Located in the Woodfords Corner/Back Cove area of Portland, the property is described as being very close to the Boulevard and other urban amenities. The setting supports day-to-day convenience for residents who want nearby services and neighborhood access.
For owner-occupants or buyers looking for residential income, the combination of two complete units, consistent kitchen and flooring finishes, and off-street parking makes the property easy to evaluate for live-in-and-lease arrangements. The third-floor space also adds optionality for an office, work-from-home use, or additional in-unit function, subject to tenant or household needs.
Key Highlights
- Well‑situated 2‑unit woodfords corner/back cove multifamily with a double‑width driveway and off‑street parking for 4 cars
- Built in 1870 with wood frame construction and vinyl siding
- Two units with bamboo wood flooring and granite kitchens
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 | $76.7k | $27.00 |
| − Vacancy | −$5.0k | −$1.76 |
| EGI | $71.7k | $25.25 |
| − OpEx | −$21.5k | −$7.57 |
| NOI | $50.2k | $17.67 |
2,840 SF · lease $27.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$717.0K
$627.3K – $836.5K
NOI $50,187 @ 7.0% cap · market cap 6.08%
Second Best
Apartment 5plus
$667.0K
$583.6K – $778.2K
NOI $46,691 @ 7.0% cap · market cap 5.66%
Theoretical Best
Office A
$780.6K
$683.0K – $910.7K
NOI $54,640 @ 7.0% cap · market cap 6.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained two-unit property with a double-width driveway and four-car parking plus a usable third-floor area.
Where is this duplex located?
The property is located at 115 Woodford Street Portland, ME.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Well‑situated 2‑unit woodfords corner/back cove multifamily with a double‑width driveway and off‑street parking for 4 cars; Built in 1870 with wood frame construction and vinyl siding; Two units with bamboo wood flooring and granite kitchens
