Triplex with Private
For Sale
$899,000
19-21 Linden Street, Portland, ME 04103
Multi-Family, Portland, ME
Property Size2,982 SF
Lot Size0.11 Acres
Price / SF$301.48
Days on Market56
Property Features for 19-21 Linden Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-5
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 2, Bathroom 3
Parking features
On Street
Patio and Porch features
Porch
Pets allowed
No
Interior features
Other Amenities
Basement
Crawl Space, Unfinished, Finished, Sump Pump, Partial, Full
Lot features
Level, Intown, Near Shopping, Near Turnpike/ Interstate, Neighborhood
Standard status
Active
Size
2,982 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9875
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Hot Water(Heating), Forced Air, Natural Gas
Water source
Public
Amenities
private laundry
Building Details
Year built
1900
Floors in Building
3
Number of units
3
Flooring type
Linoleum, Tile, Carpet, Vinyl, Wood
Building materials
Wood Frame, Shingle Siding, Wood Siding
Roof type
Composition, Shingle, Flat, Membrane
Architectural style
Other
Additional Structures
Other
Listing Agency:
Portside Real Estate Group
(207) 747-4236
Listed By:
Peter Blake
(207) 400-1450
Added: Aug 12
Changed: Sep 24
Last Checked: Oct 6 at 8:06AM
MLS# 1675856
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 three-unit multifamily property contains 2,982 square feet on a 0.11-acre lot and was built in 1900. Each residence has private laundry, separately metered electricity, and natural gas service. The building features wood-frame construction with shingle and wood siding, a mix of vinyl, carpet, linoleum, wood, and tile flooring, plus a porch. Heating systems include baseboard, hot water, forced air, and natural gas. Public water and public sewer serve the property.
Zoned R-5, the property is located near Woodford's Corner and its restaurants, shops, cafes, and neighborhood services. Trails and recreational areas along Back Cove are nearby, while I-295 is approximately 0.75 miles away. Portland's Old Port, including waterfront dining, shopping, and entertainment, is approximately 1.5 miles from the property.
The three-unit configuration and separately metered utilities provide a defined multifamily layout for ownership or rental use.
Zoned R-5, the property is located near Woodford's Corner and its restaurants, shops, cafes, and neighborhood services. Trails and recreational areas along Back Cove are nearby, while I-295 is approximately 0.75 miles away. Portland's Old Port, including waterfront dining, shopping, and entertainment, is approximately 1.5 miles from the property.
The three-unit configuration and separately metered utilities provide a defined multifamily layout for ownership or rental use.
Key Highlights
- Three‑unit multifamily property with 2,982 square feet on a 0.11‑acre lot
- Each unit includes private laundry and separately metered electricity
- Natural gas service with baseboard, hot water, forced air, and natural gas heating
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.
Property Analytics
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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 - Three separate residences offer individual laundry, utility metering, natural gas service, and access to shared porch space.
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 on a 0.11‑acre lot; Each unit includes private laundry and separately metered electricity; Natural gas service with baseboard, hot water, forced air, and natural gas heating
