Mixed-Use Building with
Portland, ME 04103 Portland, ME 04103
Portland, ME, 04103
$625,000
For Sale
$625,000
MULTI_FAMILY - Portland, ME
Property Size2,910 SF
Price / SF$214.78
Days on Market223
Property Features
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Attached
- Bathrooms
- 1
- Standard status
- Active
- Size
- 2,910 SF
Building Details
- Year built
- 1923
Listing Agency
South Portland, Maine
(207) 560-4683
75 John Roberts Road Suite 102A, Keene, ME
Listed by
Rob Trask
(207) 560-4683
Added: Dec 10, 2025 Updated: Jul 20 at 4:08 pm Checked: Jul 21 at 5:06 am
MLS# 1646140
Copyright © 2026 Better Homes and Gardens-The Masiello Group. 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 mixed-use building is set up with a ground-floor storefront and a 3-bedroom apartment on the level above. In addition to the storefront and apartment layout, the property includes an additional finished space that can be used for storage or a break room.
The building is offered for sale in downtown Portland, Maine, with the listing noting high visibility.
For buyers looking for a live/work option or a tenant-and-residential combination, the existing configuration provides retail space at street level with the residential unit overhead, plus dedicated finished interior space for operational support uses like storage or a break room.
The building is offered for sale in downtown Portland, Maine, with the listing noting high visibility.
For buyers looking for a live/work option or a tenant-and-residential combination, the existing configuration provides retail space at street level with the residential unit overhead, plus dedicated finished interior space for operational support uses like storage or a break room.
Key Highlights
- Built in 1923
- Mixed‑use building with a ground‑floor storefront
- 3‑bedroom apartment located above the storefront
Local Financial Insights For Apartment 5plus
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 | $92.5k | $31.80 |
| − Vacancy | −$5.6k | −$1.91 |
| EGI | $87.0k | $29.89 |
| − OpEx | −$39.1k | −$13.45 |
| NOI | $47.8k | $16.44 |
2,910 SF · lease $31.80/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$683.5K
$598.0K – $797.4K
NOI $47,842 @ 7.0% cap · market cap 7.65%
Second Best
Mixed Use
$516.3K
$451.8K – $602.4K
NOI $36,142 @ 7.0% cap · market cap 5.78%
Theoretical Best
Office A
$799.8K
$699.8K – $933.1K
NOI $55,987 @ 7.0% cap · market cap 8.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use building featuring a ground-floor storefront and a 3-bedroom apartment above.
Where is this mixed-use property located?
The property is located at Portland, ME.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Built in 1923; Mixed‑use building with a ground‑floor storefront; 3‑bedroom apartment located above the storefront
