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Two-Unit Duplex for Rehabilitation
New
For Sale
$350,000

15 Russell Street, Portland, ME 04102

Multi-Family, Portland, ME

Property Size2,209 SF
Lot Size0.06 Acres
Price / SF$158.44
Days on Market5

Property Features for 15 Russell Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Residential
Bathrooms 2
Full bathrooms 2
Rooms Basement, Bathroom 2, Bathroom 1
Parking features None
Basement Partial
Lot features Sidewalks, Intown, Near Shopping
Standard status Active
Size 2,209 SF
Lot size 0.06 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 7434

Utilities

Sewer type Public Sewer
Heating system Steam, Oil
Water source Public

Building Details

Year built 1910
Number of units 2
Flooring type Wood, Vinyl, Carpet
Building materials Wood Frame, Vinyl Siding
Roof type Fiberglass
Listing Agency: Keller Williams Realty
Listed By: Kevin Fletcher · License #BA903663
Added: Oct 6 Changed: Oct 7 Last Checked: Oct 10 at 6:06AM
MLS# 1683359

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 two-unit duplex in Portland contains 2,209 square feet on a 0.06-acre lot. Built in 1910, the wood-frame structure has vinyl siding and a fiberglass roof. Interior flooring includes wood, vinyl, and carpet, and the building is heated by steam and oil. The property requires extensive rehabilitation and is offered in as-is condition.

Public water and public sewer serve the property. No parking is designated on site.

Key Highlights

  • Two‑unit duplex
  • 2,209 square feet on a 0.06‑acre lot
  • Built in 1910; wood‑frame construction with vinyl siding

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Auto Parts Store (Bike/Boat/Book/etc) Store Pet Grooming Service Carpet & Flooring Store HVAC Service Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

3,007
Businesses Nearby

Demographics for 04102, ME

18,002
Population
8,633
Households
2.1
Avg Household Size
38
Median Age
62%
College-Educated
96%
High-School Grad
6.0 sq mi
ZIP Area
3,000
Density / Sq Mi
$79,631
Median Household Income
$47,898
Median Earnings
$1,435
Median Rent
$464,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - A 1910 wood-frame property has public water and sewer service and no designated parking.
Where is this duplex located?
The property is located at 15 Russell Street Portland, ME.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two‑unit duplex; 2,209 square feet on a 0.06‑acre lot; Built in 1910; wood‑frame construction with vinyl siding
More about this property
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