Portland Multifamily Investment
438-440 St. John, Portland, ME 04102
New
MULTI_FAMILY - Portland, ME
Property size:
3,610 SFLot size:
0.12 AcresPrice / SF:
$238/SF- Added:
- May 10, 2026
- Days on Market:
- 4
- Last Refresh:
- May 13 at 8:06 pm
Property Features for 438-440 St. John
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R5
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bathroom 3, Bathroom 1, Basement
- Basement
- Unfinished
- Standard status
- Active
- Size
- 3,610 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 9829
Utilities
- Sewer type
- Public Sewer
- Heating system
- Hot Water(Heating), Oil
- Water source
- Public
Building Details
- Year built
- 1900
- Number of units
- 3
- Flooring type
- Hardwood, Laminate, Tile
- Building materials
- Wood Frame, Wood Siding
- Roof type
- Shingle
Listing agent Lisa Hughes (207) 294-2933
Listing office Coldwell Banker Realty 120 Main Street, Suite 243, Saco, ME (207) 282-5988
Listing date May 10, 2026
MLS# 1661478
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.
HighLights
- Strong investment opportunity with immediate income from a fully occupied three‑unit property.
- Desirable location in the Oakdale section of Portland, Maine, with easy access to USM, Hadlock Field, Deering Oaks Park, shops, dining, and transportation.
- Each unit features a three‑bedroom layout, appealing to a wide range of tenants.
- Off‑street parking, a highly desirable amenity in Portland.
- Solid rental history providing reliable cash flow.
- Opportunity to add value through exterior paint and minor repairs.
Overview
Located in the Oakdale section of Portland, Maine, the property at 438-440 St John St features a three-unit configuration, comprising a single-family home and a duplex situated on the same lot. This setup presents a strong investment opportunity with immediate income potential. Each unit features a three-bedroom layout, designed to appeal to a wide range of tenants and support consistent rental demand. The building has a solid rental history and is currently fully occupied, ensuring reliable cash flow from the outset. Tenants benefit from comfortable and practical living spaces, along with the valuable amenity of off-street parking, which is highly desirable in Portland. Residents enjoy convenient access to the University of Southern Maine (USM), Hadlock Field, The Expo, Deering Oaks Park, local shops, dining establishments, and various transportation options. The property has been well-maintained over the years, offering the next owner the opportunity to enhance its value through exterior paint and minor repairs. Encompassing a lot size of 0.12 acres, the property offers 3,610 square feet of living space. Zoned as R5, this property delivers stability, location, and long-term value, whether for expanding an existing portfolio or seeking a turnkey multifamily investment with upside potential.
Location Intelligence
Current Use by Public Records
Multifamily properties
Map
- City
- Portland
- County
- Cumberland
- State
- Maine
- Longitude
- -70.282332
- Latitude
- 43.658228
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - Three-unit property in Portland's Oakdale neighborhood with immediate income.
Where is this multifamily property located?
The property is located at 438-440 St. John Portland, ME.
What is the asking price?
The asking price for this property is $860,000.
What are key features of this property?
This property features: Strong investment opportunity with immediate income from a fully occupied three‑unit property.; Desirable location in the Oakdale section of Portland, Maine, with easy access to USM, Hadlock Field, Deering Oaks Park, shops, dining, and transportation.; Each unit features a three‑bedroom layout, appealing to a wide range of tenants.
