57-59 Cumberland Avenue Portland, ME 04101
New
- Added:
- Apr 20, 2026
- Days on Market:
- 2
- Last Refresh:
- Apr 21 at 12:06 am
Property Features for 57-59 Cumberland Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RN4
- Bathrooms
- 5
- Rooms
- Bathroom 2, Basement, Bathroom 4, Bathroom 1, Bathroom 5, Bathroom 3
- Patio and Porch features
- Porch
- Pets allowed
- No
- Interior features
- Bathtub, One-Floor Living, Shower
- Fencing
- Fenced
- Basement
- Full
- Standard status
- Active
- Size
- 2,112 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 12321
Utilities
- Sewer type
- Public Sewer
- Heating system
- Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 3
- Number of units
- 5
- Flooring type
- Tile, Wood, Carpet
- Building materials
- Vinyl Siding, Shingle Siding, Other Exterior, Wood Frame
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Thomas Landry (207) 775-0248
Listing office Benchmark Real Estate 72 Pine St # 16, Portland, ME (207) 775-0248
Listing date Apr 20, 2026
MLS# 1658526
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.
Overview
Portland Multifamily Investment Opportunity
Located on Munjoy Hill, just outside inner Washington Avenue, this five-unit property is situated in one of Portland's dynamic neighborhoods, surrounded by bars, breweries, and boutiques. Positioned on an elevated site, the property offers city skyline views. It features two structures, five total units, and ample off-street parking. The property generates approximately $57,000 in net operating income and offers a 6.4% cap rate. The property is not located within Portland's historic district. The location is walkable to inner Washington Avenue, the Eastern Promenade, East End Beach, and downtown, and proximate to major employers, Portland's growing tech sector, the Roux Institute, and the upcoming Portland Foreside development. The owner currently pays for heat, while tenants pay for electricity. The building appears to have undergone a substantial renovation in the 1980s. The lot size is 0.11 acres and the property size is 2112 square feet. The zoning is RN4. Rents are below market.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
1031 exchange properties
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Cumberland
- State
- Maine
- Longitude
- -70.249908
- Latitude
- 43.665539
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Five-unit property in a desirable Portland location with upside potential.
Where is this apartment building located?
The property is located at 57-59 Cumberland Avenue Portland, ME.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Located in a highly desirable and dynamic East End neighborhood of Portland, near bars, breweries, and boutiques.; Strong investment opportunity with an attractive 6.4% cap rate and ~$57,000 net operating income, offering immediate returns.; Significant upside potential through rent increases, renovation, condo conversion, or redevelopment.
