Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1549 Westbrook St Portland, ME 04102

    Sponsored
    For Sale
    $417,500

    COMMERCIAL - Portland, ME

    Property size:
    1,314 SF
    Lot size:
    0.45 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 2 at 10:06 am

    Property Features for 1549 Westbrook St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RN1
    Rooms
    Basement
    Basement
    Daylight, Full, Finished, Walk-Out Access
    Size
    1,314 SF
    Lot size
    0.45 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Baseboard, Hot Water(Heating)
    Water source
    Public

    Building Details

    Year built
    1900
    Flooring type
    Wood
    Building materials
    Wood Siding, Vinyl Siding, Shingle Siding, Wood Frame
    Roof type
    Shingle

    We can help!

    Listing Contact
    Laurie Marcello

    Maine Real Estate Experts (207) 642-2100

    Listing agent Laurie Marcello (207) 642-2100

    Listing date Feb 1, 2026

    MLS# 1650642

    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.

    Learn more

    Property Insight Report

    Overview

    Stroudwater Bungalow with Investment Potential

    Located in the sought-after Stroudwater area, this renovated bungalow presents an opportunity for investors. The property is zoned for up to 4 units, offering income stream potential with the option of building an additional structure on the back of the 0.45-acre lot. The existing structure could be converted into a 2-unit by adding a kitchen upstairs. The home features a backyard with a large willow tree and trails on the abutting land. The property is near the Stroudwater Trail and River. The bungalow has character with built-ins, hardwood and wide wood flooring. The layout includes a kitchen, dining room, half bath/laundry room, and one porch bedroom in the finished daylight basement. The upper level (1st floor) contains two bedrooms, a living room, a den, and a full bathroom. High-end finishes include granite countertops, stainless steel kitchen appliances, LVP and hardwood flooring, and a new half bath. The main roof has architectural shingles. A Nest 2-zone thermostat is installed, and a 1-year home warranty is included. The property offers 1314 square feet of living space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -70.3229456
    Latitude
    43.661835

    Nearby Similar for Sale

    • $710,000
      2,612 SF

      Portland Duplex with Attic Potential

      Investment opportunity: spacious units, attic potential, convenient location.
      605 Washington Ave, Portland, ME 04103
      View Details
    • $1,650,000
      3,842 SF

      Prime West End Investment Opportunity

      Historic Portland property with income potential and flexible zoning.
      15 Pine St, Portland, ME 04102
      View Details
    • $849,000
      2,650 SF

      Updated Victorian Two-Family Home

      Sun-filled, updated two-family near Woodfords Corner with flexible layout.
      62 Ocean Ave, Portland, ME 04103
      View Details
    • $1,499,000
      7,446 SF

      Mixed-Use Investment Opportunity, Portland

      Retail and residential units in a prime Portland location.
      671-675 Forest Ave, Portland, ME 04103
      View Details
    • New
      $1,499,000
      11,169 SF

      Mixed-Use Investment Opportunity, Portland

      Retail and residential units in a prime Portland location.
      671 Forest Ave, Portland, ME 04103
      View Details
    • New
      $995,000
      2,678 SF

      Munjoy Hill Two-Unit Home

      Charming two-unit home in Portland's coveted Munjoy Hill.
      71 Melbourne St, Portland, ME 04101
      View Details
    • New
      $799,000
      2,592 SF

      Turnkey Historic Two-Family Property

      Updated two-family property in North Deering, close to amenities.
      1155 Washington Ave, Portland, ME 04103
      View Details
    • $970,000
      2,607 SF

      Portland Peninsula Four-Unit Multifamily Building

      Four-unit building in prime Portland location with investment potential.
      34 Deering Ave, Portland, ME 04101
      View Details
    • $889,000
      3,154 SF

      Victorian Duplex in Portland, Maine

      Income-producing duplex with Victorian charm in a vibrant Portland neighborhood.
      44 Hersey St, Portland, ME 04103
      View Details
    • $1,495,000
      4,732 SF

      Turnkey Munjoy Hill Investment Opportunity

      Well-maintained 5-unit building in Portland's desirable Munjoy Hill neighborhood.
      160 Washington Ave, Portland, ME 04101
      View Details
    • New
      $599,900
      3,250 SF

      Victorian Multi-Family in Portland, ME

      Turn-of-the-century three-family apartment building near Downtown Portland.
      25 Pleasant Ave, Portland, ME 04103
      View Details
    • $1,799,000
      3,582 SF

      Portland Four-Unit Investment Opportunity

      Charming four-unit property in prime Portland location with parking.
      105 Pine St, Portland, ME 04102
      View Details

    FAQs

    What type of property is this?
    Single family property - Charming bungalow in Stroudwater area with investment potential.
    Where is this single family property located?
    The property is located at 1549 Westbrook St Portland, ME.
    What is the asking price?
    The asking price for this property is $417,500.
    What are key features of this property?
    This property features: - Zoned for up to 4 units, offering significant income potential.; - Priced below recent appraisal value, providing immediate equity.; - Located in the highly desirable Stroudwater area.
    (207) 642-2100
    Request Owner's contact information
    1549 Westbrook St Portland, ME 04102
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1549 Westbrook St
    Portland, ME 04102
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1549 Westbrook St Portland, ME 04102
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Laurie Marcello
    (207) 642-2100
    Learn more
    Google sign-in failed. Please try again or use another login method.