Three-Unit Property with Private
For Sale
$899,000
19-21 Linden Street, Portland, ME 04103
Multifamily property with separate utilities and dedicated off-street parking for every residence.
Property Size2,982 SF
Price / SF$301.48
Days on Market76
Property Features for 19-21 Linden Street
General Information
Standard status
Active
Size
2,982 SF
Property subtype
Multi-family
Lease Term
[]
Additional Details
Highway Access
Yes
Multifamily Units
3
Amenities
private laundry
off-street parking
Building Details
Year Built
1900
Listing Agency:
Portside Real Estate Group
Listed By:
Peter Blake
(207) 400-1450
Source:
Portsiderealestategroup
Added: Aug 1
Changed: Oct 10
Last Checked: Oct 14 at 11:05PM
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 Portside Real Estate Group
Investment Insights
Based on property information with market context.
This three-unit multifamily property contains 2,982 square feet and was built in 1900. Each residence includes private laundry, separately metered electricity, natural gas service, and off-street parking. The configuration supports distinct household occupancy within one income-producing property.
Located at 19-21 Linden Street in Portland, the property is approximately 0.75 miles from I-295 and about 1.5 miles from Portland’s Old Port. Woodford's Corner is nearby, with restaurants, shops, cafes, and neighborhood amenities. Trails and recreational areas along Back Cove add further nearby access to outdoor activity.
Located at 19-21 Linden Street in Portland, the property is approximately 0.75 miles from I-295 and about 1.5 miles from Portland’s Old Port. Woodford's Corner is nearby, with restaurants, shops, cafes, and neighborhood amenities. Trails and recreational areas along Back Cove add further nearby access to outdoor activity.
Key Highlights
- Three‑unit multifamily property with 2,982 square feet
- Built in 1900
- Private laundry, separate electricity, and natural gas for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,696
Cap Rate
5.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,053,920
$1.1M
Cap Rate 7%
$752,800
$752.8K
Cap Rate 9%
$585,511
$585.5K
Market Conditions
NOI Build-Up for 2,982 SF
Gross rent
$80.5K $27.00/SF
− Vacancy
−$5.2K −$1.76/SF
EGI
$75.3K $25.25/SF
− OpEx
−$22.6K −$7.57/SF
NOI
$52.7K $17.67/SF
Area
Cumberland County, ME
Vacancy
6.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,053,920
Cap Rate 7%
$752,800
Cap Rate 9%
$585,511
Alternative Uses
Best Use
Multifamily LT 5
$752.8K
$658.7K – $878.3K
NOI $52,696 @ 7.0% cap · market cap 5.86%
Second Best
Apartment 5plus
$700.4K
$612.8K – $817.1K
NOI $49,026 @ 7.0% cap · market cap 5.45%
Theoretical Best
Office A
$819.6K
$717.2K – $956.2K
NOI $57,372 @ 7.0% cap · market cap 6.38%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,099
Businesses Nearby
Explore this area
Business Placement
Demographics for 04103, ME
31,185
Population
14,336
Households
2.2
Avg Household Size
40
Median Age
58%
College-Educated
97%
High-School Grad
10.2 sq mi
ZIP Area
3,057
Density / Sq Mi
$90,682
Median Household Income
$48,640
Median Earnings
$1,571
Median Rent
$421,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Multifamily property with separate utilities and dedicated off-street parking for every residence.
Where is this triplex located?
The property is located at 19-21 Linden Street Portland, ME.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Three‑unit multifamily property with 2,982 square feet; Built in 1900; Private laundry, separate electricity, and natural gas for each unit
