146 Sherman Street, Portland, ME 04101
COMMERCIAL - Portland, ME
- Added:
- Jun 19, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 21 at 11:06 pm
Property Features for 146 Sherman Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- R6
- Rooms
- Basement
- Parking features
- Off Street
- Basement
- Full, Unfinished
- Standard status
- Active
- Size
- 5,650 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 12664
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard, Natural Gas, Zoned, Hot Water(Heating), Other (Heating)
- Water source
- Public
Building Details
- Year built
- 1910
- Flooring type
- Carpet, Wood, Vinyl
- Building materials
- Wood Frame, Vinyl Siding
- Roof type
- Shingle
Listing agent Christopher St.Pierre (207) 650-6749
Listing office EXP Realty 41 Hutchins Drive Building 3, Rangeley, ME (888) 439-8743
Listing date Jun 19, 2026
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
- 5‑unit multifamily in Portland’s West End with four 2‑bedroom units and two 1‑bedroom units
- City safety inspection completed; third floor reconfigured into two, 2‑bedroom units instead of one combined 4‑bedroom unit
- Year built 1910 with wood frame construction and vinyl siding
- Heating includes natural gas with zoned hot water/baseboard and other listed heating systems
- Utilities: public water and public sewer
- Off‑street parking; shingle roof with interior flooring of carpet, wood, and vinyl
Overview
Located at 146 Sherman Street in Portland, Maine (04101), the property is described as being minutes from Downtown Portland, Maine Medical Center, restaurants, shops, and public transportation. Zoning is listed as R6, and the parcel size is reported as 0.1 acres, with a property size of 5,650 square feet.
The current configuration and recent safety inspection history may appeal to investors seeking a turnkey multifamily purchase in Portland with an existing unit mix. The fact that employee-occupied discounting is currently in place is an important operational consideration for any buyer planning for future tenant arrangements. Group showings are scheduled for Tuesday, June 23rd from 10:00am to 11:30am and Thursday, June 25th from 12:00pm to 1:30pm. After the group showings, all viewings will be by appointment only, and at least 24 hours’ notice is required to notify tenants.
Local Financial Insights For Apartment 5plus
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 | $179.7k | $31.80 |
| − Vacancy | −$10.8k | −$1.91 |
| EGI | $168.9k | $29.89 |
| − OpEx | −$76.0k | −$13.45 |
| NOI | $92.9k | $16.44 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Cumberland
- State
- Maine
- Longitude
- -70.2725757
- Latitude
- 43.6549202
