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    753 Main St South Portland, ME 04106

    Sponsored
    For Sale
    $450,000

    MULTI_FAMILY - Other - South Portland, ME

    Property size:
    1,372 SF
    Lot size:
    0.38 Acres
    Days on Market:
    15
    Last Refresh:
    Jan 5 at 4:06 pm

    Property Features for 753 Main St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RT
    Rooms
    Bathroom 2, Bathroom 1, Basement
    Basement
    Full, Unfinished
    Size
    1,372 SF
    Lot size
    0.38 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Baseboard
    Water source
    Public

    Building Details

    Year built
    1920
    Number of units
    2
    Flooring type
    Laminate, Tile, Wood
    Building materials
    Vinyl Siding, Wood Frame
    Roof type
    Shingle
    Architectural style
    Other

    Verrill Real Estate Inc (207) 756-0649 [email protected]

    Listing agent Philip Verrill (207) 756-0649

    Listing date Dec 22, 2025

    MLS# 1635157 Listing URL

    Copyright © 2025 Maine Real Estate Information System, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    South Portland Multifamily Investment Opportunity

    This multifamily property presents an investment opportunity with potential for expansion, as the zoning and lot size allow for the addition of multiple units. The property features a newer furnace and monitor heater. Long-term tenants are in place, with rents currently below market value. The location provides convenient access to public transportation. The property size is 1372 square feet, situated on a 0.38-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    South Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.309089
    Latitude
    43.617843

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    FAQs

    What type of property is this?
    Duplex - Multifamily property with expansion potential and convenient location.
    Where is this duplex located?
    The property is located at 753 Main St South Portland, ME.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - Zoning and lot size allow for the addition of multiple units (per code office).; - Prime location with easy access to public transportation.; - Long-term tenants already in place.
    (207) 756-0649
    Request Owner's contact information
    753 Main St South Portland, ME 04106
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    South Portland, ME 04106
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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
    753 Main St South Portland, ME 04106
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