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10-Unit Apartment Building
For Sale
$10,383,500

779 Congress St., Portland, ME 04101

MULTI_FAMILY - Portland, ME

Property SizeContact for details
Days on Market87

Property Features for 779 Congress St.

General Information

Property type Residential Multi Family
Property subtype Other
Standard status Active
Listing Agency: Keenan Auction Company, Inc.
Listed By: Richard Keenan
Added: May 18 Changed: Jul 2 Last Checked: Aug 12 at 2:06PM
MLS# 11777216

Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This offering is a 10-unit apartment building at 779 Congress St. The property is being marketed as part of a multi-parcel foreclosure auction (Auction 26-63), with sale conducted under auction terms and procedures.

The auction has been postponed, and all properties in the auction will be held at the Embassy Suites Hotel, 1050 Westbrook St, Portland. A preview appointment is scheduled for Wednesday, June 10, 2026, from 9:30 AM to 10:30 AM for this specific parcel.

For buyers and investor-operators, the property is presented through an auction framework where buyer broker participation is available upon qualification with the auctioneer. Prospective participants should request the terms and the Property Information Package from the auctioneers office by referencing auction number 26-63. As with auction sales, interested parties should plan to complete their due diligence prior to the preview and auction date based on the information provided by the auction office.

Key Highlights

  • Multi‑unit real estate foreclosure auction (auction 26‑63) featuring residential and commercial properties.
  • Portfolio includes 134 total units: Portland (62), Westbrook (8), and Lewiston (64).
  • Auction date is postponed; all properties auction held at Embassy Suites Hotel, 1050 Westbrook St, Portland, ME (Maine Turnpike Exit 46, Portland Jetport).

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith Pet Grooming Service Auto Parts Store Carpet & Flooring Store Pet Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

134
Residential units
Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

3,904
Businesses Nearby

Demographics for 04101, ME

18,109
Population
11,510
Households
1.6
Avg Household Size
36
Median Age
57%
College-Educated
93%
High-School Grad
2.0 sq mi
ZIP Area
9,055
Density / Sq Mi
$60,726
Median Household Income
$45,009
Median Earnings
$1,457
Median Rent
$600,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Ten-unit apartment building offered through a scheduled foreclosure auction process with broker participation available.
Where is this apartment building located?
The property is located at 779 Congress St. Portland, ME.
What is the asking price?
The asking price for this property is $10,383,500.
What are key features of this property?
This property features: Multi‑unit real estate foreclosure auction (auction 26‑63) featuring residential and commercial properties.; Portfolio includes 134 total units: Portland (62), Westbrook (8), and Lewiston (64).; Auction date is postponed; all properties auction held at Embassy Suites Hotel, 1050 Westbrook St, Portland, ME (Maine Turnpike Exit 46, Portland Jetport).
More about this property
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