115 Woodford Street, Portland, ME 04103
MULTI_FAMILY - Other - Portland, ME
- Added:
- Jun 8, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 10 at 5:06 am
Property Features for 115 Woodford Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R3
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2, Basement
- Parking features
- Off Street
- Patio and Porch features
- Porch
- Interior features
- Attic, Shower
- Basement
- Unfinished, Full
- Standard status
- Active
- Size
- 2,840 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 8440
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Natural Gas, Baseboard
- Water source
- Public
Building Details
- Year built
- 1870
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Vinyl, Tile, Bamboo, Wood
- Building materials
- Wood Frame, Vinyl Siding
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Mary Jo Cross (207) 671-4006
Listing office Legacy Properties Sotheby's International Realty 2 City Center, Portland, ME (207) 780-8900
Listing date Jun 8, 2026
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
- 2‑unit wood frame building in Woodfords Corner/Back Cove area, built in 1870
- Double‑width driveway provides off‑street parking for 4 cars
- Public utilities: public water and public sewer
- Two units with bamboo wood flooring and granite kitchens
- Shingled roof; vinyl siding exterior
- Heating includes electric and natural gas with baseboard heat
Overview
Located in the Woodfords Corner/Back Cove area of Portland, the property is described as being very close to the Boulevard and other urban amenities. The setting supports day-to-day convenience for residents who want nearby services and neighborhood access.
For owner-occupants or buyers looking for residential income, the combination of two complete units, consistent kitchen and flooring finishes, and off-street parking makes the property easy to evaluate for live-in-and-lease arrangements. The third-floor space also adds optionality for an office, work-from-home use, or additional in-unit function, subject to tenant or household needs.
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 | $76.7k | $27.00 |
| − Vacancy | −$5.0k | −$1.76 |
| EGI | $71.7k | $25.25 |
| − OpEx | −$21.5k | −$7.57 |
| NOI | $50.2k | $17.67 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Cumberland
- State
- Maine
- Longitude
- -70.283031
- Latitude
- 43.671012
