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    Renovated Multifamily Property Near USM Title is generated by Realmo AI

    14 Boynton Street, Portland, ME 04102

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    Claim this Listing
    For Sale
    $894,000

    MULTI_FAMILY - Other - Portland, ME

    Property size:
    3,056 SF
    Lot size:
    0.10 Acres
    Price / SF:
    $292/SF
    Added:
    May 11, 2026
    Days on Market:
    31
    Last Refresh:
    Jun 10 at 3:06 am

    Property Features for 14 Boynton Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R-6
    Bathrooms
    3
    Rooms
    Basement, Bathroom 2, Bathroom 1, Bathroom 3
    Parking features
    Off Street, On Street
    Patio and Porch features
    Deck, Porch
    Pets allowed
    Yes
    Interior features
    1st Floor Bedroom, Bathtub, One-Floor Living, Shower, Storage
    Basement
    Unfinished
    Appliances
    ENERGY STAR Qualified Appliances
    Standard status
    Active
    Size
    3,056 SF
    Lot size
    0.10 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    9003

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Water source
    Public

    Building Details

    Year built
    1875
    Number of units
    3
    Flooring type
    Hardwood, Wood
    Building materials
    Wood Frame, Vinyl Siding
    Roof type
    Rolled Hot Mop, Shingle
    Architectural style
    Other
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Robert Joslyn

    Listing agent Robert Joslyn

    Listing office Keller Williams Realty 50 Sewall Street, Portland, ME

    Listing date May 11, 2026

    MLS# 1641531 Listing URL

    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.

    HighLights

    • Fully renovated first and third floor units
    • Close proximity to USM and Maine Medical Center
    • Ample on and off‑street parking
    • Well‑maintained property with landscaped grounds
    • Hardwood flooring throughout
    • Enjoy the Deck and Porch

    Overview

    This multifamily property presents an investment opportunity, with the first and third floor units having been fully renovated. The well-maintained building is situated close to USM and Maine Medical Center. Ample parking is available both on and off street. The grounds are landscaped. The property, located in Portland, Maine, has a lot size of 0.1 acres and a property size of 3056 square feet. The zoning is R-6.

    Local 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 $82.5k $27.00
    − Vacancy −$5.4k −$1.76
    EGI $77.1k $25.25
    − OpEx −$23.1k −$7.57
    NOI $54.0k $17.67
    3,056 SF · lease $27.00/SF/yr · vacancy 6.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $771.5K
    $675.1K – $900.1K (±1% cap)
    NOI $54,004 @ 7.0% cap · market cap 6.04%
    Second Best
    Apartment 5plus
    $717.7K
    $628.0K – $837.4K (±1% cap)
    NOI $50,242 @ 7.0% cap · market cap 5.62%
    Theoretical Best
    Office A
    $839.9K
    $735.0K – $979.9K (±1% cap)
    NOI $58,796 @ 7.0% cap · market cap 6.58%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Katie Benedict Designs Marketing & Advertising

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Daycare Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.276606
    Latitude
    43.65501

    FAQs

    What type of property is this?
    Triplex - Well-maintained investment property near USM and Maine Medical Center.
    Where is this triplex located?
    The property is located at 14 Boynton Street Portland, ME.
    What is the asking price?
    The asking price for this property is $894,000.
    What are key features of this property?
    This property features: Fully renovated first and third floor units; Close proximity to USM and Maine Medical Center; Ample on and off‑street parking
    More about this property
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