Live-Work Property with Separate
For Sale
$925,000
205 Woodford Street, Portland, ME 04103
Commercial Sale, Portland, ME
Property Size3,200 SF
Lot Size0.16 Acres
Price / SF$289.06
Days on Market51
Property Features for 205 Woodford Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
B1 neighbhood bus
Rooms
Basement
Parking features
Off Street
Basement
Unfinished, Full
Lot features
Public Transport Access, Downtown, Near Shopping
Standard status
Active
Size
3,200 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
11032
Utilities
Sewer type
Public Sewer
Heating system
Other (Heating), Natural Gas, Heat Pump (Heating), Electric (Heating)
Cooling system
Heat Pump
Water source
Public
Amenities
covered front porch
high ceilings
hardwood floors
crown molding
custom-built window seats
gas fireplace
new heating system
well-appointed kitchen
formal dining room
spacious primary suite with en suite bathroom
fenced-in front patio
Building Details
Year built
1900
Flooring type
Wood, Carpet, Tile
Building materials
Wood Frame, Shingle Siding, Wood Siding
Roof type
Shingle
Listing Agency:
Town & Shore Real Estate
(207) 773-0262
Listed By:
Brenda Cerino
(207) 523-8113
Added: Sep 17
Changed: Nov 6
Last Checked: Nov 6 at 12:06PM
MLS# 1681025
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.
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Investment Insights
Based on property information with market context.
This 3,200-square-foot property, built in 1900, combines a four-bedroom, four-bath residence with adaptable space on the main floor. A separate entrance provides independent access to the bonus area, which can accommodate a home office or small business under the B1 zoning designation. Interior features include hardwood flooring, high ceilings, crown molding, a gas fireplace, and a kitchen with an eat-in area beside a formal dining room. The primary suite includes a private bathroom.
At 205 Woodford Street in Portland’s Woodfords neighborhood, the property occupies a 0.16-acre lot. Outdoor features include a covered front porch and a fenced front patio. Off-street parking is available, and the property is served by public water and sewer.
At 205 Woodford Street in Portland’s Woodfords neighborhood, the property occupies a 0.16-acre lot. Outdoor features include a covered front porch and a fenced front patio. Off-street parking is available, and the property is served by public water and sewer.
Key Highlights
- 3,200‑square‑foot live‑work property on a 0.16‑acre lot
- Four bedrooms and four bathrooms, with main‑floor bonus space
- Separate entrance to the adaptable business or office area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,812
Cap Rate
4.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$916,240
$916.2K
Cap Rate 7%
$654,457
$654.5K
Cap Rate 9%
$509,022
$509.0K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$69.9K $21.84/SF
− Vacancy
−$8.8K −$2.75/SF
EGI
$61.1K $19.09/SF
− OpEx
−$15.3K −$4.77/SF
NOI
$45.8K $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%
$916,240
Cap Rate 7%
$654,457
Cap Rate 9%
$509,022
Alternative Uses
Best Use
Office B
$654.5K
$572.7K – $763.5K
NOI $45,812 @ 7.0% cap · market cap 4.95%
Second Best
Mixed Use
$567.8K
$496.8K – $662.4K
NOI $39,744 @ 7.0% cap · market cap 4.30%
Theoretical Best
Office A
$879.5K
$769.6K – $1.03M
NOI $61,567 @ 7.0% cap · market cap 6.66%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Live-work space - Main-floor flex space and independent access support small-business use under B1 zoning.
Where is this live-work space located?
The property is located at 205 Woodford Street Portland, ME.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: 3,200‑square‑foot live‑work property on a 0.16‑acre lot; Four bedrooms and four bathrooms, with main‑floor bonus space; Separate entrance to the adaptable business or office area
