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    21 Merrill St Portland, ME 04101

    New
    For Sale
    $1,495,500

    MULTI_FAMILY - Portland, ME

    Property size:
    5,376 SF
    Lot size:
    0.10 Acres
    Days on Market:
    4
    Last Refresh:
    Dec 5 at 5:06 pm

    Property Features for 21 Merrill St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R-6
    Rooms
    Bathroom 3, Bathroom 1, Bathroom 5, Bathroom 6, Basement, Bathroom 4, Bathroom 2
    Patio and Porch features
    Deck
    Interior features
    Bathtub, Shower
    Fencing
    Fenced
    Basement
    Unfinished, Dirt Floor, Full
    Size
    5,376 SF
    Lot size
    0.10 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Zoned, Baseboard
    Water source
    Public

    Building Details

    Year built
    1920
    Floors in Building
    3
    Number of units
    6
    Flooring type
    Wood, Vinyl
    Building materials
    Vinyl Siding, Wood Frame
    Roof type
    Shingle

    Ashby Real Estate (207) 797-0000 [email protected]

    Listing agent Sheldon Ashby (207) 797-0000

    Listing date Dec 2, 2025

    MLS# 1611305 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

    East End Multifamily Rehab Opportunity

    This is a six-unit multifamily property located on the East End (Eastern Promenade) of Portland. The property, situated on a 0.1-acre lot, offers on-site parking for up to 5 cars. The building has a total area of 5,376 square feet. This property is zoned R-6 and is suitable for developers and investors. It is a rehab project that could be used for basic or high-end rentals, or the units could be converted into condominiums and sold individually. Owner financing is available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Owner financed properties

    Suggested Use

    Restaurant Realty agency Dental Office Spa & Massage Hair Salon Nail Salon Food Market Clothing Store Daycare Center Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.247456
    Latitude
    43.667507

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    FAQs

    What type of property is this?
    Apartment building - Six-unit multifamily property on Portland's desirable East End.
    Where is this apartment building located?
    The property is located at 21 Merrill St Portland, ME.
    What is the asking price?
    The asking price for this property is $1,495,500.
    What are key features of this property?
    This property features: - Owner financing available.; - Located on the desirable Eastern Promenade of Portland.; - Six-unit building suitable for rentals or condo conversion.
    (207) 797-0000
    Request Owner's contact information
    21 Merrill St 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
    21 Merrill St Portland, ME 04101
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