Renovated Triplex Near Major
14 Boynton Street Portland, ME 04102
For Sale
$748,000
MULTI_FAMILY - Other - Portland, ME
Property Size3,056 SF
Lot Size0.10 Acres
Price / SF$244.76
Days on Market21
Property Features for 14 Boynton Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-6
Bathrooms
3
Rooms
Bathroom 2, Bathroom 1, Bathroom 3, Basement
Parking features
Off Street, On 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
Wood, Hardwood
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle, Rolled Hot Mop
Architectural style
Other
Additional Structures
Storage
Listing Agency:
Keller Williams Realty
(207) 879-9800
Listed By:
Robert Joslyn
(207) 332-6910
Added: Jul 9
Changed: Jul 28
Last Checked: Jul 29 at 3:06AM
MLS# 1641531
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 for-sale triplex offers three residential units within a well-maintained property. The first and third floor units have been fully renovated and updated, with finishes described as tastefully appointed. The building sits on a small lot and includes landscaped grounds.
The property is located on Boynton Street in Portland, Maine, with proximity to University of Southern Maine (USM) and Maine Medical Center. Parking is a notable feature, with ample spaces described both on-site and off-street, supporting day-to-day tenant and visitor access.
This configuration can fit investors or owner-occupants looking for a multi-unit residential asset with renovation work already completed on at least two of the three units. The presence of additional parking and landscaped exterior grounds can also support tenant satisfaction and curb appeal. Zoning is listed as R-6.
The property is located on Boynton Street in Portland, Maine, with proximity to University of Southern Maine (USM) and Maine Medical Center. Parking is a notable feature, with ample spaces described both on-site and off-street, supporting day-to-day tenant and visitor access.
This configuration can fit investors or owner-occupants looking for a multi-unit residential asset with renovation work already completed on at least two of the three units. The presence of additional parking and landscaped exterior grounds can also support tenant satisfaction and curb appeal. Zoning is listed as R-6.
Key Highlights
- Year built 1875 with wood frame construction and vinyl siding
- Renovated first and third floor units, with hardwood/wood flooring throughout
- Natural gas heating; public water and public sewer
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
NOI $54,004 @ 7.0% cap · market cap 7.22%
Second Best
Apartment 5plus
$717.7K
$628.0K – $837.4K
NOI $50,242 @ 7.0% cap · market cap 6.72%
Theoretical Best
Office A
$839.9K
$735.0K – $979.9K
NOI $58,796 @ 7.0% cap · market cap 7.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - For-sale triplex with renovated first and third floor units and ample 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 $748,000.
What are key features of this property?
This property features: Year built 1875 with wood frame construction and vinyl siding; Renovated first and third floor units, with hardwood/wood flooring throughout; Natural gas heating; public water and public sewer
