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    379 Cumberland Ave Portland, ME 04101

    For Sale
    $915,000

    Multiple - Portland, ME

    Property size:
    2,576 SF
    Lot size:
    3,485.00 Acres
    Days on Market:
    12
    Last Refresh:
    Dec 8 at 5:06 pm

    Property Features for 379 Cumberland Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3
    Bathrooms
    3
    Size
    2,576 SF
    Lot size
    3,485.00 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1915
    Flooring type
    Tile, Wood
    Roof type
    Shingle
    Architectural style
    Other

    Better Homes and Gardens-The Masiello Group (800) 741-1540 [email protected]

    Listing agent Roger Begin (207) 782-8311

    Listing date Nov 27, 2025

    MLS# 1637198 Listing URL

    Copyright © 2025 Better Homes and Gardens-The Masiello Group. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Charming Portland Property with Potential

    The Gilbert L. Bailey House, located in the heart of Portland, offers an investment opportunity. The property is full of charm and features a freshly painted exterior. Situated a short walk from the Arts District, top restaurants, and entertainment, this property combines historic character with a prime location. The owner will consider selling a 12-spot parking lot located at 381 Cumberland Ave with the purchase of the property at 379 Cumberland Ave. Initial conversations with city officials suggest the lot may offer buildable potential. The property has a size of 2576 square feet and is situated on a lot of approximately 0.08 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Realty agency Dental Office Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Daycare Center Clothing Store Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.263148
    Latitude
    43.657141

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    FAQs

    What type of property is this?
    Specialty property - Historic property in prime location, investment opportunity, parking lot option.
    Where is this specialty property located?
    The property is located at 379 Cumberland Ave Portland, ME.
    What is the asking price?
    The asking price for this property is $915,000.
    What are key features of this property?
    This property features: - Prime location in the heart of Portland, near the Arts District, restaurants, and entertainment.; - Potential investment opportunity with historic character.; - Optional purchase of adjacent 12-spot parking lot at 381 Cumberland Ave.
    (207) 782-8311
    Request Owner's contact information
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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
    379 Cumberland Ave Portland, ME 04101
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