Three-Unit Triplex with 2-Car
73 High Street, South Portland, ME 04106
New
MULTI_FAMILY - Other - South Portland, ME
Property size:
2,096 SFLot size:
0.26 AcresPrice / SF:
$262/SF- Added:
- Jun 15, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 16 at 3:06 pm
Property Features for 73 High Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- zone G
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bathroom 2, Basement, Bathroom 3
- Parking features
- Open, Off Street, On Street
- Patio and Porch features
- Deck
- Interior features
- Attic, One-Floor Living
- Basement
- Sump Pump, Full
- Standard status
- Active
- Size
- 2,096 SF
- Lot size
- 0.26 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 6803
Utilities
- Sewer type
- Public Sewer
- Heating system
- Oil, Steam, Baseboard, Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1875
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Linoleum, Carpet, Hardwood
- Building materials
- Wood Frame, Asphalt
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Anne Marie Cooke (207) 838-4705
Listing office Maine Home Connection 19 Commercial Street, Portland, ME (207) 517-3100
Listing date Jun 15, 2026
MLS# 1640071
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
- 3‑unit building gutted back to the studs after freeze damage; work includes new roof, new windows, new electrical, and some new plumbing
- Each unit is currently configured as a 1‑bedroom; 2 existing baths with plumbing already in place for a 3rd bath
- In‑unit washer and dryer hookups available
- 2‑car garage plus open, off‑street, and on‑street parking options
- Public water and public sewer connected
- Built in 1875; features include attic, one‑floor living, and flooring such as hardwood, carpet, and linoleum
Overview
This three-unit triplex at 73 High Street in South Portland, ME has been restored after freeze damage. The building was gutted back to the studs, with a new roof, new windows, new electrical, and some new plumbing completed. Each of the three units is currently configured as a one-bedroom. There are two existing bathrooms across the property, and the building is plumbed for a third bathroom. In-unit washer and dryer hookups are already in place, supporting convenient tenant setup. The property also includes a two-car garage.
Set on an oversized corner lot, the home is described as being in the Ferry Village area, with walkable access to restaurants, a green belt trail, and Willard Beach, and it is listed as about five minutes to downtown Portland. Zoning is identified as zone G. The property has been vacant for the last several years.
For investors or contractors, this is a re-lease-ready redevelopment foundation with substantial interior and exterior systems replaced, while still allowing an operator to complete and optimize the unit and bath layouts based on the current configuration and existing plumbing. The one-bedroom structure with laundry hookups and the attached two-car garage can support steady resident appeal for the right tenant mix.
Set on an oversized corner lot, the home is described as being in the Ferry Village area, with walkable access to restaurants, a green belt trail, and Willard Beach, and it is listed as about five minutes to downtown Portland. Zoning is identified as zone G. The property has been vacant for the last several years.
For investors or contractors, this is a re-lease-ready redevelopment foundation with substantial interior and exterior systems replaced, while still allowing an operator to complete and optimize the unit and bath layouts based on the current configuration and existing plumbing. The one-bedroom structure with laundry hookups and the attached two-car garage can support steady resident appeal for the right tenant mix.
Local Financial Insights For Multifamily LT 5
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 | $56.6k | $27.00 |
| − Vacancy | −$3.7k | −$1.76 |
| EGI | $52.9k | $25.25 |
| − OpEx | −$15.9k | −$7.57 |
| NOI | $37.0k | $17.67 |
2,096 SF · lease $27.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$529.1K
$463.0K – $617.3K
NOI $37,039 @ 7.0% cap · market cap 6.74%
Second Best
Apartment 5plus
$492.3K
$430.7K – $574.3K
NOI $34,459 @ 7.0% cap · market cap 6.27%
Theoretical Best
Office A
$576.1K
$504.1K – $672.1K
NOI $40,326 @ 7.0% cap · market cap 7.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- South Portland
- County
- Cumberland
- State
- Maine
- Longitude
- -70.23937
- Latitude
- 43.647874
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Rebuilt three-unit income property offers each unit as a one-bedroom with in-unit washer and dryer hookups.
Where is this triplex located?
The property is located at 73 High Street South Portland, ME.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: 3‑unit building gutted back to the studs after freeze damage; work includes new roof, new windows, new electrical, and some new plumbing; Each unit is currently configured as a 1‑bedroom; 2 existing baths with plumbing already in place for a 3rd bath; In‑unit washer and dryer hookups available
