15 Longfellow Street Portland, ME 04103
Three-unit residential income property with covered front porch and detached two-car garage for parking and storage.
- Added:
- Jun 19, 2026
- Days on Market:
- 26
- Last Refresh:
- Jul 13 at 2:11 am
Property Features for 15 Longfellow Street
General Information
- Standard status
- Active
- Size
- 3,502 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1922
Listing office Vitalius Real Estate Group,LLC
Listing date Jun 19, 2026
Source Profoundrealestate
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All listing content including descriptions, pricing, images are the copyrighted material of Vitalius Real Estate Group,LLC
Investment Insights
Based on property information with market context.
The second-floor side porch provides outdoor access to unit 2, and the detached two-car garage offers covered parking and storage for the homeowner.
Overall, the building combines original two-bedroom-plus configurations on the main two levels with an additional one-bedroom apartment on the third floor, supported by covered outdoor and parking/storage features.
Key Highlights
- 1922‑built Portland 3‑unit residential income property overlooking Longfellow Park
- Original 2BD‑plus layouts on the first and second floors with upgraded kitchens
- Layout features bedrooms in the rear with the bath between, a configuration described as rarely found in multifamily
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 | $94.6k | $27.00 |
| − Vacancy | −$6.1k | −$1.76 |
| EGI | $88.4k | $25.25 |
| − OpEx | −$26.5k | −$7.57 |
| NOI | $61.9k | $17.67 |