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    160 Washington Ave Portland, ME 04101

    For Sale
    $1,495,000

    MULTI_FAMILY - Colonial - Portland, ME

    Property size:
    4,732 SF
    Lot size:
    0.15 Acres
    Days on Market:
    101
    Last Refresh:
    Dec 7 at 7:06 pm

    Property Features for 160 Washington Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    B2B
    Rooms
    Bathroom 3, Bathroom 1, Bathroom 5, Basement, Bathroom 4, Bathroom 2
    Parking features
    Off Street
    Patio and Porch features
    Deck
    Pets allowed
    No
    Interior features
    Bathtub, Shower
    Basement
    Full, Walk-Out Access, Finished
    Size
    4,732 SF
    Lot size
    0.15 Acres

    Utilities

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

    Building Details

    Year built
    1985
    Floors in Building
    2
    Number of units
    5
    Flooring type
    Laminate, Vinyl, Carpet
    Building materials
    Vinyl Siding, Wood Frame
    Roof type
    Composition, Shingle
    Architectural style
    Colonial

    Spectrum Real Estate LLC (207) 233-6699 [email protected]

    Listing agent Fred Andrews (207) 805-3707

    Listing date Aug 29, 2025

    MLS# 1622196 Listing URL

    Copyright © 2025 Maine Real Estate Information System, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turnkey Munjoy Hill Investment Opportunity

    This well-maintained five-unit building is located at the base of Munjoy Hill, one of Portland's most desirable and appreciating neighborhoods. The property offers a solid, income-generating opportunity. All five units feature a two-bedroom layout. Interiors are efficiently designed, with spacious living areas, functional kitchens, and ample natural light. The building has been well cared for, minimizing deferred maintenance and immediate improvement needs. Off-street parking is available. The location is walkable to local dining, coffee shops, artisan retail, and the Eastern Promenade. Public transportation access and proximity to downtown further broaden the tenant pool. The property is suitable for investors looking to expand or diversify with a multifamily property in a high-demand submarket. The building has a total area of 4732 square feet and is situated on a lot of 0.15 acres. The zoning is B2B.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Dental Office Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.25422
    Latitude
    43.668439

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained 5-unit building in Portland's desirable Munjoy Hill neighborhood.
    Where is this apartment building located?
    The property is located at 160 Washington Ave Portland, ME.
    What is the asking price?
    The asking price for this property is $1,495,000.
    What are key features of this property?
    This property features: - Prime Munjoy Hill Location: Situated in one of Portland's most desirable and appreciating neighborhoods.; - Turnkey, Income-Generating Asset: Well-maintained 5-unit building.; - High-Demand Two-Bedroom Units: All five units feature a consistently popular two-bedroom layout.
    (207) 805-3707
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    160 Washington Ave Portland, ME 04101
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    Portland, ME 04101
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    Realmo Value Estimation

    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.

    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.

    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
    160 Washington Ave Portland, ME 04101
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