205 Woodford St, Portland, ME 04103

Building Details

Year Built 1900 More

Listing Agency: Town & Shore Real Estate

Listed By: Brenda Cerino Show Phone

Source: Scottandsunny

Added: Sep 19 Changed: Oct 25 Last Checked: Oct 7 at 2:12PM

Report an Issue

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 Town & Shore Real Estate

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 3,312-square-foot live-work property combines a four-bedroom, four-bath residence with adaptable main-floor bonus space and a separate entrance. Built in 1900, the property has been updated with a new heating system while retaining high ceilings, hardwood floors, crown molding, custom window seats, and a gas fireplace. The kitchen includes an eat-in area and connects conveniently with the formal dining room. A primary suite with an en suite bathroom adds a private residential component, while the covered porch and fenced front patio provide additional usable space.

Located in Portland’s Woodfords neighborhood, the property supports a blend of residential occupancy and small business use under the applicable zoning ordinance. Its layout accommodates home-office or business activity without sacrificing the character and functionality of the residence.

Key Highlights

• 3,312 SF live‑work property
• Four bedrooms and four bathrooms
• Main‑floor bonus area with separate entry

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$47,415

Cap Rate

4.99%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$948,300 $948.3K

Cap Rate 7%

$677,357 $677.4K

Cap Rate 9%

$526,833 $526.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,312 SF

Gross rent

$72.3K $21.84/SF

− Vacancy

−$9.1K −$2.75/SF

EGI

$63.2K $19.09/SF

− OpEx

−$15.8K −$4.77/SF

NOI

$47.4K $14.32/SF

Area

Cumberland County, ME

Vacancy

12.60%

Lease Rate

$21.84 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$948,300

Cap Rate 7%

$677,357

Cap Rate 9%

$526,833

Alternative Uses

Best Use

Office B

$677.4K

$592.7K – $790.3K (±1% cap)

NOI $47,415 @ 7.0% cap · market cap 4.99%

Second Best

Mixed Use

$587.6K

$514.2K – $685.6K (±1% cap)

NOI $41,135 @ 7.0% cap · market cap 4.33%

Theoretical Best

Office A

$910.3K

$796.5K – $1.06M (±1% cap)

NOI $63,721 @ 7.0% cap · market cap 6.71%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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

Open Analytics

Current Use

Maplewood Montessori School High School

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Electrical Service Garden Center Plumbing Service Grocery & Convenience Store

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

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

968

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

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Similar For Sale Nearby

See more

Mixed-Use Building with Storefront

1435 Forest Avenue, Portland, ME 04103

$550,000

2,910 SF

View details

Flex Building with Overhead Door

892 Riverside St, Portland, ME 04103

$625,000

4,610 SF

View details

Mixed-Use Property With Multifamily Building

819829 819-829 Forest Ave, Portland, ME 04103

$2,000,000

4,200 SF

View details

Victorian Bed & Breakfast

273 State Street, Portland, ME 04101

$1,195,000

5,472 SF

View details

Renovated Four-Unit Mixed-Use Property

69 Newbury Street, Portland, ME 04101

$2,100,000

4,438 SF

View details

Portland Mixed-Use Garrison-Style Building

244 Ray St, Portland, ME 04103

$514,000

2,256 SF

View details

Mixed-Use Building with Apartments

637 Forest Avenue, Portland, ME 04101

$775,000

6,213 SF

View details

Historic Three-Story Mixed-Use Building

574 CONGRESS ST, Portland, ME 04101

Contact for pricing

3,648 SF

View details

Mixed-Use Two-Building Property

9, 13-15 Waverly Street, Portland, ME 04103

$1,800,000

7,172 SF

View details

Mixed-Use Building with Roof Deck

133 Free Street, Portland, ME 04101

$2,365,000

7,969 SF

View details

Art Deco Mixed-Use Building

540 Congress Street, Portland, ME 04101

$2,975,000

View details

Historic Mixed-Use Building

106-108 High Street, Portland, ME 04101

Contact for pricing

8,388 SF

View details

Frequently Asked Questions

What type of property is this?

Live-work space - Flexible residence with separate-entry bonus space and zoning that allows small business use.

Where is this live-work space located?

The property is located at 205 Woodford St 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: 3,312 SF live‑work property; Four bedrooms and four bathrooms; Main‑floor bonus area with separate entry