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    Renovated Triplex Income Property Title is generated by Realmo AI

    14 Boynton Street, Portland, ME 04102

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    For Sale
    $849,000

    MULTI_FAMILY - Other - Portland, ME

    Property size:
    3,056 SF
    Lot size:
    0.10 Acres
    Price / SF:
    $277/SF
    Added:
    Jun 11, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 13 at 6:06 pm

    Property Features for 14 Boynton Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R-6
    Bathrooms
    3
    Rooms
    Bathroom 1, Basement, Bathroom 3, Bathroom 2
    Parking features
    On Street, Off Street
    Patio and Porch features
    Deck, Porch
    Pets allowed
    Yes
    Interior features
    1st Floor Bedroom, Bathtub, One-Floor Living, Shower, Storage
    Basement
    Unfinished
    Appliances
    ENERGY STAR Qualified Appliances
    Standard status
    Active
    Size
    3,056 SF
    Lot size
    0.10 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    9003

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Water source
    Public

    Building Details

    Year built
    1875
    Number of units
    3
    Flooring type
    Hardwood, Wood
    Building materials
    Wood Frame, Vinyl Siding
    Roof type
    Shingle, Rolled Hot Mop
    Architectural style
    Other
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Robert Joslyn

    Listing agent Robert Joslyn

    Listing office Keller Williams Realty 50 Sewall Street, Portland, ME

    Listing date Jun 11, 2026

    MLS# 1641531 Listing URL

    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

    • First and third floor units have been fully renovated
    • 1st floor bedroom with one‑floor living layout
    • Hardwood flooring throughout
    • Natural gas heating with ENERGY STAR‑qualified appliances
    • Ample parking with on‑street and off‑street spaces
    • Deck and porch, plus public water and public sewer

    Overview

    This for-sale triplex offers a residential income configuration with multiple units under one roof. Public remarks indicate the first and third floor units have been fully renovated and tastefully appointed, while the overall property is described as well-maintained. The grounds are noted as nicely landscaped.

    The property is located close to USM and Maine Medical Center, providing a convenient setting for renters who want access to major area employers. Parking is described as ample, with both on-street and off-street options available for tenants and guests.

    Zoned R-6, this renovated triplex can be an appropriate fit for buyers seeking a multi-family property with updates already completed in part of the building. With off-street parking on the property and additional on-street parking, it may support day-to-day tenant needs. Please refer to the showing instructions for broker open house availability, listed as Saturday, May 2, 10 A.M. to 1 P.M., and bring pre-qualified clients.

    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 $82.5k $27.00
    − Vacancy −$5.4k −$1.76
    EGI $77.1k $25.25
    − OpEx −$23.1k −$7.57
    NOI $54.0k $17.67
    3,056 SF · lease $27.00/SF/yr · vacancy 6.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $771.5K
    $675.1K – $900.1K (±1% cap)
    NOI $54,004 @ 7.0% cap · market cap 6.36%
    Second Best
    Apartment 5plus
    $717.7K
    $628.0K – $837.4K (±1% cap)
    NOI $50,242 @ 7.0% cap · market cap 5.92%
    Theoretical Best
    Office A
    $839.9K
    $735.0K – $979.9K (±1% cap)
    NOI $58,796 @ 7.0% cap · market cap 6.93%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Katie Benedict Designs Marketing & Advertising

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Daycare Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.276606
    Latitude
    43.65501

    FAQs

    What type of property is this?
    Triplex - Triplex with first- and third-floor units fully renovated, plus on- and off-street parking.
    Where is this triplex located?
    The property is located at 14 Boynton Street Portland, ME.
    What is the asking price?
    The asking price for this property is $849,000.
    What are key features of this property?
    This property features: First and third floor units have been fully renovated; 1st floor bedroom with one‑floor living layout; Hardwood flooring throughout
    More about this property
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