Owner-Occupied Two-Unit
155 Hartley Street Portland, ME 04103
New
For Sale
$950,000
MULTI_FAMILY - Other - Portland, ME
Property Size2,080 SF
Lot Size0.16 Acres
Price / SF$456.73
Days on Market7
Property Features for 155 Hartley Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Res
Bathrooms
3
Rooms
Bathroom 3, Bathroom 2, Bathroom 1, Basement
Parking features
Other, Off Street
Patio and Porch features
Deck
Pets allowed
No
Interior features
1st Floor Bedroom, 1st Floor Primary Bedroom w/Bath, Attic, Bathtub, One-Floor Living
Basement
Partial, Unfinished
Standard status
Active
Size
2,080 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
8292
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Zoned, Baseboard, Natural Gas
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Flooring type
Wood, Vinyl, Hardwood, Carpet
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
RE/MAX Shoreline
(207) 553-7500
Listed By:
Thomas Ranello · License #BR109201
(207) 838-1651
Added: Jul 23
Changed: Jul 26
Last Checked: Jul 29 at 1:06AM
MLS# 1663375
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 owner-occupied two-unit duplex at 155 Hartley Street offers updated systems and a bright, open feel. The building is configured as two separate units, with as many as three bedrooms available in each unit.
The property is located in Portland’s Deering Center area, close to boutique shops, fresh produce, and locally sourced food. Public remarks also describe walkable access to schools and nearby recreational areas, including adjacency to Baxter Woods and proximity to Evergreen Cemetery and city athletic fields. The property sits on a 0.16-acre lot.
The property is located in Portland’s Deering Center area, close to boutique shops, fresh produce, and locally sourced food. Public remarks also describe walkable access to schools and nearby recreational areas, including adjacency to Baxter Woods and proximity to Evergreen Cemetery and city athletic fields. The property sits on a 0.16-acre lot.
Key Highlights
- Owner‑occupied 2‑unit property with as many as 3 bedrooms per unit
- Built in 1900 with wood‑frame construction and vinyl siding
- Natural gas heating with zoned hot water/baseboard heating
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 | $56.2k | $27.00 |
| − Vacancy | −$3.7k | −$1.76 |
| EGI | $52.5k | $25.25 |
| − OpEx | −$15.8k | −$7.57 |
| NOI | $36.8k | $17.67 |
2,080 SF · lease $27.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$525.1K
$459.5K – $612.6K
NOI $36,757 @ 7.0% cap · market cap 3.87%
Second Best
Apartment 5plus
$488.5K
$427.5K – $569.9K
NOI $34,196 @ 7.0% cap · market cap 3.60%
Theoretical Best
Office A
$571.7K
$500.2K – $667.0K
NOI $40,018 @ 7.0% cap · market cap 4.21%
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?
Duplex - Two-unit duplex with updated systems and up to three bedrooms in each unit in Portland, Maine.
Where is this duplex located?
The property is located at 155 Hartley Street Portland, ME.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Owner‑occupied 2‑unit property with as many as 3 bedrooms per unit; Built in 1900 with wood‑frame construction and vinyl siding; Natural gas heating with zoned hot water/baseboard heating
