146 Sherman Street, Portland, ME 04101
MULTI_FAMILY - Colonial - Portland, ME
- Added:
- Jun 26, 2026
- Days on Market:
- 12
- Last Refresh:
- Jul 7 at 1:06 am
Property Features for 146 Sherman Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R6
- Bathrooms
- 6
- Rooms
- Bathroom 4, Bathroom 1, Bathroom 3, Bathroom 6, Basement, Bathroom 5, Bathroom 2
- Parking features
- Off Street, Driveway
- Interior features
- Bathtub, Shower
- Basement
- Full, Unfinished
- Standard status
- Active
- Size
- 5,650 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 12664
Utilities
- Sewer type
- Public Sewer
- Heating system
- Hot Water(Heating), Other (Heating), Baseboard, Forced Air, Zoned, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1910
- Number of units
- 5
- Flooring type
- Carpet, Wood, Vinyl
- Building materials
- Wood Frame, Vinyl Siding
- Roof type
- Shingle
- Architectural style
- Colonial
Listing agent Christopher St.Pierre (207) 650-6749
Listing office EXP Realty 41 Hutchins Drive Building 3, Rangeley, ME (888) 439-8743
Listing date Jun 26, 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
- Colonial‑style 5‑unit multifamily property with four 2‑bedroom units and two 1‑bedroom units
- Year built 1910 with wood frame construction and vinyl siding
- Public utilities: public water supply and public sewer connection
- Heating includes zoned forced air and hot water/baseboard systems; natural gas service
- Roofing: shingle roof
- Off‑street parking with driveway
Overview
The property is located at 146 Sherman Street in Portland, Maine (04101), within R6 zoning. The seller’s remarks indicate the building is minutes from Downtown Portland, Maine Medical Center, restaurants and shops, and public transportation.
For tenants and operators, the apartment mix supports multiple household types, combining 2-bedroom units with 1-bedroom units. The record of a completed city safety inspection and the third-floor reconfiguration may be relevant for those underwriting condition and layout. The current owner has been offering the units to his employees at a discounted rental rate, and all showings are scheduled as group showings on Tuesday, June 23rd from 10:00am to 11:30am and Thursday, June 25th from 12:00pm to 1:00pm, with appointments only thereafter; allow at least 24 hours to notify tenants.
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 | $179.7k | $31.80 |
| − Vacancy | −$10.8k | −$1.91 |
| EGI | $168.9k | $29.89 |
| − OpEx | −$76.0k | −$13.45 |
| NOI | $92.9k | $16.44 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Cumberland
- State
- Maine
- Longitude
- -70.272635
- Latitude
- 43.654885
