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6-Unit Apartment Building

16 Gilman Street, Portland, ME 04102

For Sale
$1,100,000

The Portland property offers one- to three-bedroom residences near Maine Medical Center.

Property Size11,532 SF
Price / SF$95.39
Days on Market126

Property Features for 16 Gilman Street

General Information

Standard status Active
Size 11,532 SF
Property subtype Multi Family Home
Zoning RN-4

Additional Details

Asking Price $1,100,000
Multifamily Units 6

Taxes and HOA fees

Annual Taxes $12,755

Building Details

Building Size 11,532 SF
Year Built 1912
Stories 3
Units 6
Listing Agency: Porta & Company
Listed By: Emmett Peoples · License ME BA929603
Source: Amerorealty
Added: Jul 8 Changed: Nov 7 Last Checked: Nov 9 at 4:32PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Porta & Company

Rey
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Investment Insights

Based on property information with market context.

This six-unit apartment property at 16 Gilman Street in Portland dates to 1912. Its residences range from one to three bedrooms, and the property is zoned RN-4.

The building is in Portland’s West End, near Congress Street and beside Maine Medical Center.

Key Highlights

  • Six apartment units
  • One- to three‑bedroom unit mix
  • RN‑4 zoning

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

2,265
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

Average Price Trend$/SF for Apartment buildings in Portland, ME

$277 Jul
$281 Aug
$256 Sep
$244 Oct

Properties on Market for Apartment buildings in Portland

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - The Portland property offers one- to three-bedroom residences near Maine Medical Center.
Where is this apartment building located?
The property is located at 16 Gilman Street Portland, ME.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Six apartment units; One- to three‑bedroom unit mix; RN‑4 zoning
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Includes: Price & PSF · Cap rate · Location · Zoning

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