Live-Work Property with Additional
26 Adelaide Street Portland, ME 04103
For Sale
$775,000
COMMERCIAL - Portland, ME
Property Size1,861 SF
Lot Size0.17 Acres
Price / SF$416.44
Days on Market16
Property Features for 26 Adelaide Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B2
Rooms
Basement
Parking features
Off Street
Interior features
Storage
Basement
Unfinished
Standard status
Active
Size
1,861 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
8642
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Wood, Heat Pump (Heating), Forced Air, Oil, Wood Stove
Cooling system
Heat Pump
Water source
Public
Building Details
Year built
1901
Flooring type
Wood, Tile
Building materials
Wood Frame, Clapboard, Shingle Siding, Wood Siding
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
Waypoint Brokers Collective
(207) 804-2012
Listed By:
Chelsea Locke Carey
(207) 332-2785
Added: Jul 14
Changed: Jul 21
Last Checked: Jul 29 at 3:06AM
MLS# 1666986
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.
Opportunity at 26 Adelaide Street offers three finished levels of living space with a renovated interior, including beautiful wood floors and heat pumps for efficient heating and cooling. The layout includes three bedrooms and flexible living spaces, supported by an expansive backyard for outdoor use. Two detached garages provide additional storage and workshop flexibility.
A key feature is the property’s B2 commercial zoning, along with an included second deeded lot. Buyers are encouraged to confirm, with the City of Portland, any zoning, density, and permitted-use specifics for potential future development. The property is also described as being within walking distance of the University of New England’s Portland campus, as well as local restaurants, parks, and neighborhood amenities.
Offered for sale as a live-work-ready asset, the combination of existing improvements, outdoor space, and two deeded lots supports a range of residential and development scenarios subject to applicable approvals and due diligence.
A key feature is the property’s B2 commercial zoning, along with an included second deeded lot. Buyers are encouraged to confirm, with the City of Portland, any zoning, density, and permitted-use specifics for potential future development. The property is also described as being within walking distance of the University of New England’s Portland campus, as well as local restaurants, parks, and neighborhood amenities.
Offered for sale as a live-work-ready asset, the combination of existing improvements, outdoor space, and two deeded lots supports a range of residential and development scenarios subject to applicable approvals and due diligence.
Key Highlights
- 3‑bedroom home with three finished levels of living space plus a basement
- Heat pumps for efficient heating and cooling, with additional heating options including forced air, oil, and a wood stove
- Wood floors and tile flooring; wood‑frame construction with clapboard and shingle siding
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 | $59.2k | $31.80 |
| − Vacancy | −$3.6k | −$1.91 |
| EGI | $55.6k | $29.89 |
| − OpEx | −$25.0k | −$13.45 |
| NOI | $30.6k | $16.44 |
1,861 SF · lease $31.80/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$437.1K
$382.5K – $509.9K
NOI $30,596 @ 7.0% cap · market cap 3.95%
Second Best
Office B
$380.6K
$333.0K – $444.0K
NOI $26,642 @ 7.0% cap · market cap 3.44%
Theoretical Best
Office A
$511.5K
$447.6K – $596.8K
NOI $35,805 @ 7.0% cap · market cap 4.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Single family property - Renovated three-level home with heat pumps, wood floors, backyard, two detached garages, and B2 zoning plus an included second deeded lot.
Where is this single family property located?
The property is located at 26 Adelaide Street Portland, ME.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: 3‑bedroom home with three finished levels of living space plus a basement; Heat pumps for efficient heating and cooling, with additional heating options including forced air, oil, and a wood stove; Wood floors and tile flooring; wood‑frame construction with clapboard and shingle siding
