Live-Work Space with Detached
New
For Sale
$735,000
26 Adelaide Street, Portland, ME 04103
COMMERCIAL - Portland, ME
Property Size1,861 SF
Lot Size0.17 Acres
Price / SF$394.95
Days on Market3
Property Features for 26 Adelaide Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B2
Rooms
Basement
Parking features
Off Street
Interior features
Storage
Basement
Unfinished
Lot features
Public Transport Access, Business District, Bus Line, Near Shopping
Standard status
Active
Size
1,861 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6921
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Oil, Wood Stove, Wood, Forced Air, Electric (Heating)
Cooling system
Heat Pump
Water source
Public
Amenities
detached garages
Building Details
Year built
1901
Flooring type
Tile, Wood
Building materials
Wood Frame, Clapboard, Shingle Siding, Wood Siding
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
Waypoint Brokers Collective
(207) 804-2012
Listed By:
Chelsea Locke Carey
(207) 332-2785
Added: Aug 3
Changed: Aug 4
Last Checked: Aug 5 at 10:06PM
MLS# 1674539
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.
Located at 26 Adelaide Street in Portland, this live-work property includes 1,861 square feet across three finished levels. The 1901 structure has wood flooring, tile, heat-pump cooling, and multiple heating systems, including forced air, oil, electric, and a wood stove. Interior storage and off-street parking add practical utility, while two detached garages provide additional storage or workshop capacity.
The sale also includes a second deeded lot identified as an additional buildable parcel. The property carries B2 zoning, and the source information identifies possible future development scenarios such as a single-family home, ADU, multifamily use, or other district-permitted uses, subject to buyer verification with the City of Portland. Public water and sewer serve the property. The location is within walking distance of the University of New England’s Portland campus, restaurants, parks, and neighborhood amenities.
The sale also includes a second deeded lot identified as an additional buildable parcel. The property carries B2 zoning, and the source information identifies possible future development scenarios such as a single-family home, ADU, multifamily use, or other district-permitted uses, subject to buyer verification with the City of Portland. Public water and sewer serve the property. The location is within walking distance of the University of New England’s Portland campus, restaurants, parks, and neighborhood amenities.
Key Highlights
- B2 zoning with a second deeded lot included in the sale
- 1,861 square feet across three finished levels
- Two detached garages plus off‑street parking
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.6k | $21.84 |
| − Vacancy | −$5.1k | −$2.75 |
| EGI | $35.5k | $19.09 |
| − OpEx | −$8.9k | −$4.77 |
| NOI | $26.6k | $14.32 |
1,861 SF · lease $21.84/SF/yr · vacancy 12.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$380.6K
$333.0K – $444.0K
NOI $26,642 @ 7.0% cap · market cap 3.62%
Second Best
Mixed Use
$330.2K
$288.9K – $385.2K
NOI $23,114 @ 7.0% cap · market cap 3.14%
Theoretical Best
Office A
$511.5K
$447.6K – $596.8K
NOI $35,805 @ 7.0% cap · market cap 4.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
726
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Live-work space - B2-zoned property combines flexible finished living areas with two detached garages and a second deeded lot.
Where is this live-work space located?
The property is located at 26 Adelaide Street Portland, ME.
What is the asking price?
The asking price for this property is $735,000.
What are key features of this property?
This property features: B2 zoning with a second deeded lot included in the sale; 1,861 square feet across three finished levels; Two detached garages plus off‑street parking
