Six-Unit Apartment
For Sale
$1,325,000
10 Adelaide Street, Portland, ME 04103
Multi-Family, Portland, ME
Property Size3,530 SF
Lot Size0.23 Acres
Price / SF$375.35
Days on Market70
Property Features for 10 Adelaide Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
B-2
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 4, Bathroom 2, Bathroom 5, Bathroom 3, Basement, Bathroom 6, Bathroom 1
Basement
Full, Unfinished
Lot features
Level, Sidewalks, Near Town
Standard status
Active
Size
3,530 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
14580
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Amenities
shared laundry
private entrance
off-street parking
Building Details
Year built
1980
Number of units
6
Flooring type
Vinyl
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Listing Agency:
Vitalius Real Estate Group, LLC
(207) 541-3755
Listed By:
Briton Vitalius
(207) 318-2555
Added: Jul 29
Changed: Oct 5
Last Checked: Oct 6 at 9:06AM
MLS# 1673924
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.
Investment Insights
Based on property information with market context.
This six-unit apartment building at 10 Adelaide Street contains two one-bedroom apartments and four two-bedroom apartments within 3530 square feet. Every unit has its own entrance and separately metered utility service. Shared laundry is located in the basement, and the property includes a rear parking area for residents.
Built in 1980 on 0.23 acres, the building has wood-frame construction with vinyl siding, vinyl flooring, natural gas heating, a shingle roof, public water, and public sewer. The property is zoned B-2 and is located in Portland, Maine, within Cumberland County.
Built in 1980 on 0.23 acres, the building has wood-frame construction with vinyl siding, vinyl flooring, natural gas heating, a shingle roof, public water, and public sewer. The property is zoned B-2 and is located in Portland, Maine, within Cumberland County.
Key Highlights
- Six‑unit apartment building with 2 one‑bedroom units and 4 two‑bedroom units
- 3530 SF building on 0.23 acres
- Private entrance and separately metered utilities for every apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,035
Cap Rate
4.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,160,700
$1.2M
Cap Rate 7%
$829,071
$829.1K
Cap Rate 9%
$644,833
$644.8K
Market Conditions
NOI Build-Up for 3,530 SF
Gross rent
$112.3K $31.80/SF
− Vacancy
−$6.7K −$1.91/SF
EGI
$105.5K $29.89/SF
− OpEx
−$47.5K −$13.45/SF
NOI
$58.0K $16.44/SF
Area
Cumberland County, ME
Vacancy
6.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,160,700
Cap Rate 7%
$829,071
Cap Rate 9%
$644,833
Alternative Uses
Best Use
Apartment 5plus
$829.1K
$725.4K – $967.3K
NOI $58,035 @ 7.0% cap · market cap 4.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$970.2K
$849.0K – $1.13M
NOI $67,916 @ 7.0% cap · market cap 5.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
726
Businesses Nearby
Explore this area
Business Placement
Demographics for 04103, ME
31,185
Population
14,336
Households
2.2
Avg Household Size
40
Median Age
58%
College-Educated
97%
High-School Grad
10.2 sq mi
ZIP Area
3,057
Density / Sq Mi
$90,682
Median Household Income
$48,640
Median Earnings
$1,571
Median Rent
$421,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Apartment property with private entrances, separately metered utilities, basement laundry, and off-street resident parking.
Where is this apartment building located?
The property is located at 10 Adelaide Street Portland, ME.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: Six‑unit apartment building with 2 one‑bedroom units and 4 two‑bedroom units; 3530 SF building on 0.23 acres; Private entrance and separately metered utilities for every apartment
