Turnkey 3-Unit Multifamily
17 Boynton Street Portland, ME 04102
New
17 Boynton Street, Portland, ME, 04102
$849,900
For Sale
$849,900
MULTI_FAMILY - Victorian - Portland, ME
Property Size4,311 SF
Lot Size0.09 Acres
Price / SF$197.15
Days on Market1
Property Features for 17 Boynton Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R6
- Bathrooms
- 3
- Rooms
- Basement, Bathroom 2, Bathroom 1, Bathroom 3
- Parking features
- Off Street
- Interior features
- 1st Floor Bedroom
- Basement
- Walk-Out Access, Full
- Standard status
- Active
- Size
- 4,311 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 8263
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1889
- Floors in Building
- 3
- Number of units
- 3
- Flooring type
- Wood, Vinyl
- Building materials
- Wood Frame, Vinyl Siding
- Roof type
- Tar/Gravel
- Architectural style
- Victorian
Listing Agency
Keller Williams Realty
(207) 879-9800
50 Sewall Street, Portland, ME
Listed by
Christopher Lavoie
(207) 553-2604
Added: Jul 16 Checked: Jul 16 at 6:06 pm
MLS# 1672224
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.
Investment Insights
Based on property information with market context.
This turnkey three-unit multifamily property features three bright, spacious, fully updated two-bedroom apartments. The building has updated mechanical systems and is described as low-maintenance, with a focus on meticulous care. Off-street parking is available in the back.
Located at 17 Boynton Street in Portland, Maine, the property is positioned in a residential area with access to public transportation. It is described as minutes from downtown Portland and the waterfront.
The asset is listed as a 3-unit residential income property under R6 zoning in Portland, with a lot size of 0.09 acres and a total property size of 4,311 square feet.
Located at 17 Boynton Street in Portland, Maine, the property is positioned in a residential area with access to public transportation. It is described as minutes from downtown Portland and the waterfront.
The asset is listed as a 3-unit residential income property under R6 zoning in Portland, with a lot size of 0.09 acres and a total property size of 4,311 square feet.
Key Highlights
- Victorian 3‑unit multi‑family property built in 1889
- Three 2‑bedroom apartments with 1st floor bedroom feature
- Wood frame with vinyl siding and wood/vinyl flooring
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 | $116.4k | $27.00 |
| − Vacancy | −$7.6k | −$1.76 |
| EGI | $108.8k | $25.25 |
| − OpEx | −$32.6k | −$7.57 |
| NOI | $76.2k | $17.67 |
4,311 SF · lease $27.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.09M
$952.3K – $1.27M
NOI $76,182 @ 7.0% cap · market cap 8.96%
Second Best
Apartment 5plus
$1.01M
$885.9K – $1.18M
NOI $70,875 @ 7.0% cap · market cap 8.34%
Theoretical Best
Office A
$1.18M
$1.04M – $1.38M
NOI $82,942 @ 7.0% cap · market cap 9.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three fully updated two-bedroom units with updated mechanical systems and off-street parking.
Where is this triplex located?
The property is located at 17 Boynton Street Portland, ME.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Victorian 3‑unit multi‑family property built in 1889; Three 2‑bedroom apartments with 1st floor bedroom feature; Wood frame with vinyl siding and wood/vinyl flooring
