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    527 Cumberland Ave Portland, ME 04101

    Sponsored
    For Sale
    $1,025,000

    MULTI_FAMILY - Portland, ME

    Property size:
    3,372 SF
    Lot size:
    0.08 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 28 at 1:06 am

    Property Features for 527 Cumberland Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RN-4
    Rooms
    Basement, Bathroom 2, Bathroom 1, Bathroom 3
    Parking features
    Off Street
    Patio and Porch features
    Deck, Porch
    Basement
    Full, Walk-Out Access, Unfinished
    Size
    3,372 SF
    Lot size
    0.08 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Zoned, Hot Water(Heating), Forced Air, Baseboard
    Water source
    Public

    Building Details

    Year built
    1881
    Floors in Building
    3
    Number of units
    3
    Flooring type
    Laminate, Wood, Tile
    Building materials
    Vinyl Siding, Wood Frame
    Roof type
    Shingle

    We can help!

    Listing Contact
    John Hayes

    Keller Williams Realty (207) 879-9800

    Listing agent John Hayes (207) 879-9800

    Listing date Feb 27, 2026

    MLS# 1652719 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.

    Learn more

    Property Insight Report

    Overview

    Charming Multifamily Property in Portland

    Located in Portland's desirable Parkside neighborhood, near Deering Oaks Park, this meticulously maintained three-unit property at 527 Cumberland Ave offers an exceptional blend of character, flexibility, and strong rental appeal. The property features private entrances, tandem off-street parking, and a shared courtyard. The 3,372 square-foot building is situated on a 0.08-acre lot. Two of the apartments live like townhomes, delivering separation of space and a single-family feel. The upper unit offers cozy architectural lines, skylights, and abundant natural light. Pride of ownership is evident throughout, highlighted by classic Portland charm and tasteful updates. Sunlight fills the interiors, showcasing warm hardwood floors, modern finishes, and comfortable, functional living spaces. Bathrooms feature tile showers, and a large basement provides valuable storage for residents. Each unit offers an inviting layout. Occupants can enjoy convenience while being close to some of the city's best amenities, including award-winning restaurants and the interstate. The courtyard provides room to gather, grill, or relax. This opportunity is ideal for investors and owner-occupants alike, whether expanding a portfolio or planning to live in one unit while generating income from the others. The property is zoned RN-4.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Restaurant Real Estate Agency Dental Office Spa & Massage Center Hair Salon Law Firm Nail Salon Food Market Grocery & Convenience Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.270647
    Latitude
    43.65489

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    FAQs

    What type of property is this?
    Triplex - Meticulously maintained three-unit property in Portland's vibrant Parkside neighborhood.
    Where is this triplex located?
    The property is located at 527 Cumberland Ave Portland, ME.
    What is the asking price?
    The asking price for this property is $1,025,000.
    What are key features of this property?
    This property features: - Three-unit property in desirable Portland location near Deering Oaks Park, restaurants, and the interstate.; - Strong rental appeal and income potential.; - Two townhouse-style apartments offer a single-family feel.
    (207) 879-9800
    Request Owner's contact information
    527 Cumberland Ave Portland, ME 04101
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    Portland, ME 04101
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    527 Cumberland Ave Portland, ME 04101
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    We can help!
    Listing Contact
    John Hayes
    (207) 879-9800 (207) 749-0669
    Learn more
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